Kraken Robotics (PNG) Stock Price, News & Analysis

Company Overview

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. It also provides Kraken Active Towed Fish (KATFISH), a towed underwater vehicle for high speed and high resolution seabed mapping; LARS, an autonomous launch and recovery system that enable an unmanned vehicle and its payloads to be brought aboard to a host ship; Acoustic Core that provides a 3D image of stratigraphy layers and anomalies across the entire foundation footprint; and Sub-Bottom Imager used to view image beneath the seabed. In addition, the company designs and manufactures pressure tolerant batteries, battery management systems, and electronics; and robotics as a service. The company was formerly known as Kraken Sonar Inc. and changed its name to Kraken Robotics Inc. in September 2017. Kraken Robotics Inc. is headquartered in Mount Pearl, Canada.

Key Stats

• Today's Range: C$3.97 to C$4.24
• 50-Day Range: C$3.14 to C$4.24
• 52-Week Range: C$1.56 to C$4.37
• Volume: 1.29 million shs
• Average Volume: 1.05 million shs
• Market Capitalization: C$1.28 billion
• P/E Ratio: 59.71
• Dividend Yield: N/A
• Price Target: C$4.10
• Consensus Rating: Buy

Kraken Robotics Stock Analysis - MarketRank™

Kraken Robotics scored higher than 32% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.6 / 5
• Analyst Rating: Buy

Consensus Rating

Kraken Robotics has received a consensus rating of Buy. The company's average rating score is 3.17, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.

Upside/Downside

The consensus price target for Kraken Robotics is close to its current price, suggesting limited near-term upside or downside.

Amount of Analyst Coverage

Kraken Robotics has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Kraken Robotics is 59.71, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 280.63.

Price to Earnings Ratio vs. Sector

The P/E ratio of Kraken Robotics is 59.71, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 438.91.

Price to Book Value per Share Ratio

Kraken Robotics has a P/B Ratio of 16.33. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for PNG.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Kraken Robotics does not currently pay a dividend.

Dividend Growth

Kraken Robotics does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for PNG.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.58

News Sentiment

Kraken Robotics has a news sentiment score of 0.58. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.88 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 15 news articles for Kraken Robotics this week, compared to 2 articles on an average week.

Search Interest

Only 5 people have searched for PNG on MarketBeat in the last 30 days. This is a decrease of -38% compared to the previous 30 days.

MarketBeat Follows

Only 7 people have added Kraken Robotics to their MarketBeat watchlist in the last 30 days. This is a decrease of -13% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Kraken Robotics insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$753,408.00 in company stock.

Percentage Held by Insiders

10.13% of the stock of Kraken Robotics is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 17.94% of the stock of Kraken Robotics is held by institutions.

PNG Stock Analysis - Frequently Asked Questions

How have PNG shares performed this year?

Kraken Robotics' stock was trading at C$2.75 at the beginning of the year. Since then, PNG shares have increased by 52.0% and is now trading at C$4.18.

How do I buy shares of Kraken Robotics?

Shares of PNG stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.

What other stocks do shareholders of Kraken Robotics own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Kraken Robotics investors own include Drone Delivery Canada (FLT), WELL Health Technologies (WELL), BCE (BCE), Converge Technology Solutions (CTS), Facedrive (FDVRF), Quisitive Technology Solutions (QUISF) and C-Com Satellite Systems (CMI).

Industry, Sector and Symbol

• Stock Exchange: CVE
• Sector: Computer and Technology
• Industry: Scientific & Technical Instruments
• Sub-Industry: N/A
• Current Symbol: CVE:PNG
• CIK: N/A
• Web: krakenrobotics.com
• Phone: +1-709-7575757
• Fax: N/A
• Employees: 262
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Kraken Robotics: C$4.10
• High Price Target: C$5.00
• Low Price Target: C$2.50
• Potential Upside/Downside: -1.9%
• Consensus Rating: Buy
• Rating Score (0-4): 3.17
• Research Coverage: 6 Analysts

Profitability

• EPS (Trailing Twelve Months): C$0.07
• Trailing P/E Ratio: 59.71
• Forward P/E Ratio: 55.77
• P/E Growth: N/A
• Net Income: C$10.63 million
• Net Margins: 9.87%
• Pretax Margin: N/A
• Return on Equity: 19.76%
• Return on Assets: 10.68%

Debt

• Debt-to-Equity Ratio: 34.32
• Current Ratio: 2.78
• Quick Ratio: 0.64

Sales & Book Value

• Annual Sales: C$90.18 million
• Price / Sales: 14.20
• Cash Flow: C$0.18 per share
• Price / Cash Flow: 23.33
• Book Value: C$0.26 per share
• Price / Book: 16.33

Miscellaneous

• Outstanding Shares: 306,250,000
• Free Float: N/A
• Market Cap: C$1.28 billion
• Optionable: Not Optionable
• Beta: 0.91