Growth Story Still Intact For Nauticus Robotics Inc (KITT)

Nauticus Robotics Inc (KITT) concluded trading on Thursday at a closing price of $1.78, with 7.88 million shares of worth about $14.02 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -66.48% during that period and on December 26, 2024 the price saw a gain of about 56.14%. Currently the company’s common shares owned by public are about 5.63M shares, out of which, 5.58M shares are available for trading.

Stock saw a price change of 94.96% in past 5 days and over the past one month there was a price change of 99.42%. Year-to-date (YTD), KITT shares are showing a performance of -92.71% which decreased to -93.05% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.82 but also hit the highest price of $28.76 during that period. The average intraday trading volume for Nauticus Robotics Inc shares is 1.15 million. The stock is currently trading 64.02% above its 20-day simple moving average (SMA20), while that difference is up 51.44% for SMA50 and it goes to -53.96% lower than SMA200.

Nauticus Robotics Inc (NASDAQ: KITT) currently have 5.63M outstanding shares and institutions hold larger chunk of about 1.28% of that.

The stock has a current market capitalization of $11.40M and its 3Y-monthly beta is at -0.02. 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 22.28% while standing at 15.13% 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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