Kraken Robotics Inc. (CVE:PNG - Free Report) - Investment analysts at Cormark decreased their FY2025 EPS estimates for shares of Kraken Robotics in a report issued on Tuesday, July 8th. Cormark analyst N. Boychuk now anticipates that the company will earn $0.07 per share for the year, down from their previous forecast of $0.09. The consensus estimate for Kraken Robotics' current full-year earnings is $0.07 per share.
Several other research firms have also commented on PNG. National Bankshares set a C$3.00 price objective on Kraken Robotics and gave the company an "outperform" rating in a research report on Thursday, April 24th. Desjardins raised Kraken Robotics to a "moderate buy" rating in a research report on Monday. Finally, National Bank Financial raised Kraken Robotics to a "strong-buy" rating in a research report on Wednesday, April 23rd.
Read Our Latest Stock Analysis on PNG
Kraken Robotics Trading Up 4.1%
CVE PNG traded up C$0.14 during mid-day trading on Wednesday, hitting C$3.55. The company's stock had a trading volume of 1,617,165 shares, compared to its average volume of 997,039. Kraken Robotics has a 52-week low of C$1.09 and a 52-week high of C$3.55. The stock's fifty day simple moving average is C$2.69 and its two-hundred day simple moving average is C$2.56. The company has a debt-to-equity ratio of 34.32, a current ratio of 2.78 and a quick ratio of 0.64. The firm has a market capitalization of C$965.15 million, a P/E ratio of 93.93 and a beta of 1.15.
Insider Activity
In other news, Senior Officer Gregory Michael Reid sold 261,600 shares of Kraken Robotics stock in a transaction dated Friday, June 13th. The stock was sold at an average price of C$2.88, for a total transaction of C$753,408.00. 10.13% of the stock is owned by corporate insiders.
About Kraken Robotics
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Kraken Robotics Inc, a marine technology company, engages in the design, manufacture, and sale of sonar and optical sensors, batteries, and underwater robotic equipment for unmanned underwater vehicles used in military and commercial applications in Canada, the Asia Pacific, Europe, the Middle East, Africa, North America, and internationally.
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