Kraken Robotics Inc. (CVE:PNG - Free Report) - Investment analysts at Cormark cut their FY2025 earnings estimates for Kraken Robotics in a report issued on Tuesday, July 8th. Cormark analyst N. Boychuk now expects that the company will post earnings of $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 issued reports on PNG. National Bank Financial upgraded shares of Kraken Robotics to a "strong-buy" rating in a report on Wednesday, April 23rd. Desjardins upgraded shares of Kraken Robotics to a "moderate buy" rating in a report on Monday, July 7th. Finally, National Bankshares set a C$3.00 target price on shares of Kraken Robotics and gave the company an "outperform" rating in a report on Thursday, April 24th.
Check Out Our Latest Research Report on Kraken Robotics
Kraken Robotics Trading Down 1.7%
Shares of Kraken Robotics stock traded down C$0.06 during trading on Wednesday, hitting C$3.49. The company's stock had a trading volume of 1,079,976 shares, compared to its average volume of 997,663. The company has a debt-to-equity ratio of 34.32, a current ratio of 2.78 and a quick ratio of 0.64. Kraken Robotics has a 52 week low of C$1.09 and a 52 week high of C$3.56. The stock has a market cap of C$948.84 million, a price-to-earnings ratio of 92.34 and a beta of 1.15. The stock has a 50-day moving average price of C$2.71 and a two-hundred day moving average price of C$2.56.
Insider Transactions at Kraken Robotics
In related news, Senior Officer Gregory Michael Reid sold 261,600 shares of the business's stock in a transaction on 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
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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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