FY2025 EPS Estimates for Kraken Robotics Reduced by Cormark

Kraken Robotics Inc. (CVE:PNG - Free Report) - Research analysts at Cormark dropped their FY2025 earnings per share estimates for shares of Kraken Robotics in a research note issued on Tuesday, July 8th. Cormark analyst N. Boychuk now forecasts 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.

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

Kraken Robotics Stock Performance

Shares of PNG stock traded up C$0.09 on Wednesday, hitting C$3.50. 995,777 shares of the stock traded hands, compared to its average volume of 991,118. 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 company has a market capitalization of C$950.20 million, a PE ratio of 92.47 and a beta of 1.15. Kraken Robotics has a 1-year low of C$1.09 and a 1-year high of C$3.53. The company's fifty day moving average is C$2.67 and its 200 day moving average is C$2.55.

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 on Friday, June 13th. The stock was sold at an average price of C$2.88, for a total value of C$753,408.00. Insiders own 10.13% of the company's stock.

Kraken Robotics Company Profile

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.