Is Nauticus Robotics Inc (NASDAQ: KITT) Proving The Doubters Wrong?

Nauticus Robotics Inc (KITT) concluded trading on Wednesday at a closing price of $1.09, with 36.93 million shares of worth about $40.26 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -78.19% during that period and on November 20, 2024 the price saw a gain of about 19.75%. Currently the company’s common shares owned by public are about 6.41M shares, out of which, 5.35M shares are available for trading.

Stock saw a price change of -3.96% in past 5 days and over the past one month there was a price change of -19.26%. Year-to-date (YTD), KITT shares are showing a performance of -95.53% which decreased to -98.18% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.85 but also hit the highest price of $61.92 during that period. The average intraday trading volume for Nauticus Robotics Inc shares is 204.31K. The stock is currently trading -12.00% below its 20-day simple moving average (SMA20), while that difference is down -19.64% for SMA50 and it goes to -78.06% lower than SMA200.

Nauticus Robotics Inc (NASDAQ: KITT) currently have 6.41M outstanding shares and institutions hold larger chunk of about 3.53% of that.

The stock has a current market capitalization of $6.98M and its 3Y-monthly beta is at -0.08. It has posted earnings per share of -$45.62 in the same period. It has Quick Ratio of 0.39. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for KITT, volatility over the week remained 11.64% while standing at 9.44% over the month.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Chardan Capital Markets on May 12, 2023 offering a Neutral rating for the stock and assigned a target price of $2.50 to it. Coverage by ROTH Capital stated Nauticus Robotics Inc (KITT) stock as a Buy in their note to investors on October 06, 2022, suggesting a price target of $10 for the stock.

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