Cormark Has Negative View of Kraken Robotics FY2025 Earnings

Kraken Robotics Inc. (CVE:PNG - Free Report) - Analysts at Cormark cut their FY2025 earnings per share estimates for Kraken Robotics in a note issued to investors on Tuesday, July 8th. Cormark analyst N. Boychuk now anticipates that the company will post earnings of $0.07 per share for the year, down from their previous estimate of $0.09. The consensus estimate for Kraken Robotics' current full-year earnings is $0.07 per share.

Other equities analysts have also recently issued research reports about the stock. Desjardins upgraded shares of Kraken Robotics to a "moderate buy" rating in a research report on Monday. National Bankshares set a C$3.00 target price on shares of Kraken Robotics and gave the stock an "outperform" rating in a report on Thursday, April 24th. Finally, National Bank Financial raised shares of Kraken Robotics to a "strong-buy" rating in a research report on Wednesday, April 23rd.

Kraken Robotics Stock Down 1.7%

CVE:PNG traded down C$0.06 on Wednesday, hitting C$3.49. The stock had a trading volume of 1,079,976 shares, compared to its average volume of 997,663. The firm'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 quick ratio of 0.64 and a current ratio of 2.78. Kraken Robotics has a 1 year low of C$1.09 and a 1 year high of C$3.56. The stock has a market cap of C$948.84 million, a P/E ratio of 92.34 and a beta of 1.15.

Insider Buying and Selling

In other news, Senior Officer Gregory Michael Reid sold 261,600 shares of the business's stock in a transaction on 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 currently owned by corporate 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.