Kraken Robotics (CVE:PNG) Sets New 12-Month Low - What's Next?

Key Points

• Shares hit a new 52-week low, trading as low as C$7.30 and last at C$7.86 on volume of 1,190,180, currently below its 50‑day MA (C$8.69) but above its 200‑day MA (C$7.41).
• Analyst views are mixed but the stock has a consensus rating of Moderate Buy with a target of C$8.75; notable recent notes include Desjardins raising its PO to C$14 (Buy), National Bank upgrading to Outperform with a C$13 PO, and ATB Cormark downgrading to Strong Sell with a C$6.50 PO.
• Key financial metrics investors should watch: market cap C$2.38 billion, P/E 774, quick ratio 0.64, current ratio 5.53 and debt‑to‑equity 15.94, highlighting a high valuation and notable balance‑sheet figures.

Shares of Kraken Robotics Inc. (CVE:PNG - Get Free Report) hit a new 52-week low on Monday . The stock traded as low as C$7.30 and last traded at C$7.86, with a volume of 1190180 shares traded. The stock had previously closed at C$7.45.

Wall Street Analysts Forecast Growth

PNG has been the subject of several recent analyst reports. ATB Cormark Capital Markets downgraded Kraken Robotics from a "hold" rating to a "strong sell" rating and upped their price objective for the stock from C$5.50 to C$6.50 in a research report on Friday, March 13th. Desjardins upped their price objective on Kraken Robotics from C$9.50 to C$14.00 and gave the stock a "buy" rating in a research report on Friday, March 13th. Finally, National Bank Financial upgraded Kraken Robotics from a "hold" rating to an "outperform" rating and upped their price objective for the stock from C$8.75 to C$13.00 in a research report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$8.75.

Kraken Robotics Stock Up 3.9%

The stock has a 50 day moving average price of C$8.69 and a 200 day moving average price of C$7.41. The stock has a market capitalization of C$2.38 billion, a price-to-earnings ratio of 774.00 and a beta of 0.80. The company has a quick ratio of 0.64, a current ratio of 5.53 and a debt-to-equity ratio of 15.94.

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. 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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