FY2025 EPS Estimates for Kraken Robotics Reduced by Cormark

Kraken Robotics Inc. (CVE:PNG - Free Report) - Cormark dropped their FY2025 EPS estimates for shares of Kraken Robotics in a report released on Tuesday, July 8th. Cormark analyst N. Boychuk now forecasts 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.

A number of other brokerages also recently commented on PNG. National Bank Financial raised shares of Kraken Robotics to a "strong-buy" rating in a report on Wednesday, April 23rd. Desjardins raised shares of Kraken Robotics to a "moderate buy" rating in a report on Monday. Finally, National Bankshares set a C$3.00 price objective on shares of Kraken Robotics and gave the stock an "outperform" rating in a research note on Thursday, April 24th.

Kraken Robotics Trading Up 1.5%

Shares of CVE:PNG traded up C$0.05 during trading on Wednesday, reaching C$3.41. The company's stock had a trading volume of 1,994,672 shares, compared to its average volume of 992,305. The company has a current ratio of 2.78, a quick ratio of 0.64 and a debt-to-equity ratio of 34.32. Kraken Robotics has a 12 month low of C$1.09 and a 12 month high of C$3.51. The firm's 50 day simple moving average is C$2.65 and its two-hundred day simple moving average is C$2.55. The stock has a market capitalization of C$927.09 million, a PE ratio of 90.23 and a beta of 1.15.

Insider Transactions at Kraken Robotics

In other Kraken Robotics news, Senior Officer Gregory Michael Reid sold 261,600 shares of the firm's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of C$2.88, for a total value of C$753,408.00. 10.13% of the stock is currently owned by insiders.

About Kraken Robotics

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.