FY2026 EPS Estimates for Kraken Robotics Lowered by Cormark

Kraken Robotics Inc. (CVE:PNG - Free Report) - Investment analysts at Cormark lowered their FY2026 earnings estimates for shares of Kraken Robotics in a research report issued on Tuesday, July 8th. Cormark analyst N. Boychuk now anticipates that the company will post earnings per share of $0.15 for the year, down from their previous estimate of $0.17. The consensus estimate for Kraken Robotics' current full-year earnings is $0.07 per share. Cormark also issued estimates for Kraken Robotics' FY2027 earnings at $0.23 EPS.

Several other equities analysts have also weighed in on the stock. National Bank Financial upgraded shares of Kraken Robotics to a "strong-buy" rating in a research note on Wednesday, April 23rd. National Bankshares set a C$3.00 price objective on Kraken Robotics and gave the company an "outperform" rating in a report on Thursday, April 24th. Finally, Desjardins raised shares of Kraken Robotics to a "moderate buy" rating in a research report on Monday, July 7th.

Kraken Robotics Stock Performance

Shares of PNG traded down C$0.06 during mid-day trading on Thursday, reaching 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 business has a 50-day simple moving average of C$2.71 and a two-hundred day simple moving average of C$2.56. 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. The company has a current ratio of 2.78, a quick ratio of 0.64 and a debt-to-equity ratio of 34.32.

Insider Activity

In other Kraken Robotics news, Senior Officer Gregory Michael Reid sold 261,600 shares of the business's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of C$2.88, for a total transaction of C$753,408.00. Corporate 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.