Kraken Robotics (CVE:PNG) Reaches New 1-Year High - What's Next?

Key Points

• Kraken hit a new 52-week high, trading as high as C$9.23 (last C$9.22) on Monday with about 1.41 million shares changing hands versus a prior close of C$8.50.
• Analyst sentiment is mixed but positive overall—MarketBeat shows an average rating of "Moderate Buy" (1 Strong Buy, 2 Buy, 3 Hold) and an average price target of C$7.13, while Desjardins recently lifted its target to C$9.50.
• The company trades with a market cap of C$2.84 billion and a high PE of 132.14; technicals show a 50‑day SMA of C$7.68 and 200‑day SMA of C$6.04, with a current ratio of 2.78 and a quick ratio of 0.64.

Kraken Robotics Inc. (CVE:PNG - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as C$9.23 and last traded at C$9.22, with a volume of 1409293 shares changing hands. The stock had previously closed at C$8.50.

Analyst Ratings Changes

PNG has been the topic of a number of recent research reports. Cormark cut Kraken Robotics from a "moderate buy" rating to a "hold" rating in a report on Tuesday, November 25th. National Bank Financial lowered shares of Kraken Robotics from an "outperform" rating to a "hold" rating and raised their price objective for the company from C$7.50 to C$8.75 in a research note on Wednesday, January 14th. Raymond James Financial boosted their target price on shares of Kraken Robotics from C$4.00 to C$6.25 and gave the stock an "outperform" rating in a research report on Tuesday, November 25th. Finally, Desjardins raised their price target on shares of Kraken Robotics from C$6.50 to C$9.50 and gave the company a "buy" rating in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Kraken Robotics has an average rating of "Moderate Buy" and an average price target of C$7.13.

Kraken Robotics Stock Performance

The company's 50 day simple moving average is C$7.68 and its 200 day simple moving average is C$6.04. The stock has a market cap of C$2.84 billion, a PE ratio of 132.14 and a beta of 1.11. 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 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. It operates in two segments, Products, and Services. The company offers AquaPix miniature interferometric synthetic aperture sonar (MINSAS), a configurable MINSAS; and SeaPower, a pressure tolerant deep sea batteries.

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