Kraken Robotics (CVE:PNG - Get Free Report) had its target price raised by investment analysts at Desjardins from C$3.60 to C$4.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Desjardins' target price points to a potential upside of 61.94% from the stock's previous close. Desjardins also issued estimates for Kraken Robotics' Q1 2025 earnings at $0.01 EPS, Q2 2025 earnings at $0.01 EPS, Q3 2025 earnings at $0.02 EPS, Q4 2025 earnings at $0.02 EPS and FY2025 earnings at $0.06 EPS.
Other equities research analysts also recently issued research reports about the company. Raymond James upgraded Kraken Robotics to a "moderate buy" rating in a report on Thursday, January 23rd. National Bank Financial upgraded shares of Kraken Robotics to a "strong-buy" rating in a research report on Wednesday, April 23rd. Finally, National Bankshares set a C$3.00 price objective on Kraken Robotics and gave the company an "outperform" rating in a research note on Thursday, April 24th.
Check Out Our Latest Report on Kraken Robotics
Kraken Robotics Stock Performance
Kraken Robotics stock traded down C$0.01 during midday trading on Tuesday, hitting C$2.47. 127,959 shares of the company were exchanged, compared to its average volume of 873,765. The firm has a market capitalization of C$671.53 million, a PE ratio of 65.35 and a beta of 1.15. Kraken Robotics has a fifty-two week low of C$0.92 and a fifty-two week high of C$3.01. The company has a debt-to-equity ratio of 34.32, a quick ratio of 0.64 and a current ratio of 2.78. The business has a fifty day simple moving average of C$2.34 and a two-hundred day simple moving average of C$2.39.
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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