Should I buy or sell Kraken Robotics stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Kraken Robotics in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PNG shares. View PNG analyst ratings or view top-rated stocks .

What is Kraken Robotics' stock price target for 2024?

2 analysts have issued 12-month price objectives for Kraken Robotics' stock. Their PNG share price targets range from C$1.00 to C$1.60. On average, they expect the company's stock price to reach C$1.28 in the next year. This suggests a possible upside of 28.3% from the stock's current price. View analysts price targets for PNG or view top-rated stocks among Wall Street analysts .

How have PNG shares performed in 2024?

Kraken Robotics' stock was trading at C$0.65 at the beginning of the year. Since then, PNG stock has increased by 53.8% and is now trading at C$1.00. View the best growth stocks for 2024 here .

When is Kraken Robotics' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, June 4th 2024. View our PNG earnings forecast .

What other stocks do shareholders of Kraken Robotics own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Kraken Robotics investors own include Allena Pharmaceuticals (ALNA) , ProMetic Life Sciences (PLI) , AltaGas (ALA) , Ampliphi Biosciences (APHB) , Catalyst Biosciences (CBIO) , VirTra (VTSI) , Arbutus Biopharma (ABUS) , Aurora Cannabis (ACB) , Aurora Cannabis (ACBFF) and AcelRx Pharmaceuticals (ACRX) .

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. Compare Top Brokerages Here .

CVE:PNG

Kraken Robotics (PNG) Stock Price, News & Analysis

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Free PNG Stock Alerts

C$1.00

-0.01 (-0.99%)

(As of 04/18/2024 05:18 PM ET)

Compare

Today's Range: C$0.99
▼
C$1.07
50-Day Range: C$0.78
▼
C$1.12
52-Week Range: C$0.35
▼
C$1.15

Volume: 475,161 shs
Average Volume: 541,934 shs
Market Capitalization: C$206.11 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: C$1.28

Stock Analysis Analyst Forecasts Chart Earnings Headlines Insider Trades

Get Kraken Robotics alerts:

Kraken Robotics MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 28.3% Upside
C$1.28 Price Target
Short Interest: N/A
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.72
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.31 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
Kraken Robotics has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Kraken Robotics has only been the subject of 1 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for PNG.

0.0

Dividend Strength

Dividend Yield
Kraken Robotics does not currently pay a dividend.
Dividend Growth
Kraken Robotics does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PNG.

3.2

News and Social Media Coverage

News Sentiment
Kraken Robotics has a news sentiment score of 0.72. 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 higher news sentiment than the 0.50 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Kraken Robotics this week, compared to 0 articles on an average week.
MarketBeat Follows
4 people have added Kraken Robotics to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Kraken Robotics insiders have not sold or bought any company stock.
Percentage Held by Insiders
12.03% 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 7.30% of the stock of Kraken Robotics is held by institutions.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Kraken Robotics is -63.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Kraken Robotics is -63.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Kraken Robotics has a P/B Ratio of 7.14. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Kraken Robotics Stock (CVE:PNG)

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. It operates in two segments, Sensors and Platforms, and Power. The company offers AquaPix Miniature interferometric synthetic aperture sonar (MINSAS), a configurable MINSAS; and SeaVision, an underwater laser imaging system. It also provides Kraken Active Towed Fish (KATFISH), a towed underwater vehicle for high speed and high resolution seabed mapping; ThunderFish, an autonomous underwater vehicle; and ALARS, an autonomous launch and recovery system that enable an unmanned vehicle and its payloads to be brought aboard to a host ship. In addition, the company designs and manufactures pressure tolerant thrusters, drives, batteries, battery management systems, and electronics; and robotics as a service. It has operations in Canada, the United States, Europe, and internationally. It has a cooperative research and development agreement with naval undersea warfare center division for next generation synthetic aperture sonar beamforming. 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.

PNG Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PNG Stock News Headlines

April 18, 2024 | markets.businessinsider.com

Kraken Robotics Reports Record 2023 Financial Results and Sees Strong Momentum Continuing

April 18, 2024 | finance.yahoo.com

Kraken Robotics Receives $6 Million Order for Subsea Batteries

April 19, 2024 | DTI (Ad)

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March 5, 2024 | wsj.com

Kraken Robotics Inc.

February 23, 2024 | bloomberg.com

Humans Still Outmaneuver Robots When It Comes to Building Planes

February 21, 2024 | ca.style.yahoo.com

Six things we learned from the LockBit takedown

February 15, 2024 | baystreet.ca

Intact, Manulife, Kraken at 52-Week Highs on News

February 15, 2024 | finanznachrichten.de

Kraken Robotics Inc.: Kraken Robotics Updates 2023 Financial Guidance and Provides Strong 2024 Outlook

April 19, 2024 | DTI (Ad)

Don’t expose yourself to stocks during the week

February 15, 2024 | finance.yahoo.com

Kraken Robotics Updates 2023 Financial Guidance and Provides Strong 2024 Outlook

January 31, 2024 | finance.yahoo.com

Returns On Capital Are Showing Encouraging Signs At Kraken Robotics (CVE:PNG)

January 18, 2024 | theglobeandmail.com

Insiders buy as Kraken Robotics resurfaces

December 29, 2023 | ca.finance.yahoo.com

Abitibi Metals Corp. (AMQFF)

December 28, 2023 | msn.com

Kraken heating up, while Flames not 'satisfied' with recent play

December 21, 2023 | finance.yahoo.com

Kraken Receives Synthetic Aperture Sonar Order from NATO CMRE

November 29, 2023 | finance.yahoo.com

Kraken Awarded $3 Million Seabed Survey Contract

November 27, 2023 | baystreet.ca

Kraken at 52-Week High on Q3 News

November 20, 2023 | finance.yahoo.com

Kraken Announces Changes to Board of Directors

November 6, 2023 | finance.yahoo.com

Kraken Delivers Mine Hunting Solution to Australian Navy

October 20, 2023 | msn.com

Kraken Robotics receives $3M contract

October 19, 2023 | markets.businessinsider.com

Kraken Robotics Announces $3 Million Boulder Detection Survey Contract for Offshore Wind Farm Project in Europe

October 5, 2023 | msn.com

Kraken Robotics (KRKNF) Price Target Increased by 10.27% to 0.86

October 3, 2023 | finanznachrichten.de

Kraken Robotics Inc.: Kraken Robotics Supports Multiple Countries at NATO Exercise

October 3, 2023 | markets.businessinsider.com

Kraken Robotics Supports Multiple Countries at NATO Exercise

September 26, 2023 | finance.yahoo.com

Kraken Robotics Announces Management Update

September 23, 2023 | finance.yahoo.com

Kraken Robotics Inc (2KQ.BE)

September 21, 2023 | finance.yahoo.com

Kraken Announces Change of Auditor to EY

See More Headlines

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Company Calendar

Today: 4/19/2024
Next Earnings (Estimated): 6/04/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: CVE
Sector: Computer and Technology
Industry: Scientific & Technical Instruments
Sub-Industry: N/A
Current Symbol: CVE:PNG
CUSIP: N/A
CIK: N/A
Web: krakenrobotics.com
Phone: +1-709-7575757
Fax: N/A
Employees: 240
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$1.28
High Stock Price Target: C$1.60
Low Stock Price Target: C$1.00
Potential Upside/Downside: +28.3%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: 19.80
P/E Growth: N/A
Net Income: C$1.69 million
Net Margins: 3.36%
Pretax Margin: N/A
Return on Equity: 6.23%
Return on Assets: 2.63%

Debt

Debt-to-Equity Ratio: 42.36
Current Ratio: 1.08
Quick Ratio: 0.64

Sales & Book Value

Annual Sales: C$50.39 million
Price / Sales: 4.09
Cash Flow: C$0.04 per share
Price / Cash Flow: 23.33
Book Value: C$0.14 per share
Price / Book: 7.14

Miscellaneous

Outstanding Shares: 206,110,000
Free Float: N/A
Market Cap: C$206.11 million
Optionable: Not Optionable
Beta: 1.12

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Key Executives

Mr. Greg Reid C.A.
CPA, CEO, President, Corporate Secretary & Director
Mr. Karl Kenny
Founder
Mr. D. Joseph MacKay CA
Chief Financial Officer
Mr. David Shea P.Eng.
Executive VP of Products & CTO
Ms. Lynne Adu
Executive VP of Commercial & Field Operations and Head of Kraken's Services

Key Competitors

View All Competitors

PNG Stock Analysis - Frequently Asked Questions

Should I buy or sell Kraken Robotics stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Kraken Robotics in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PNG shares.
View PNG analyst ratings or view top-rated stocks.
What is Kraken Robotics' stock price target for 2024?: 2 analysts have issued 12-month price objectives for Kraken Robotics' stock. Their PNG share price targets range from C$1.00 to C$1.60. On average, they expect the company's stock price to reach C$1.28 in the next year. This suggests a possible upside of 28.3% from the stock's current price.
View analysts price targets for PNG or view top-rated stocks among Wall Street analysts.
How have PNG shares performed in 2024?: Kraken Robotics' stock was trading at C$0.65 at the beginning of the year. Since then, PNG stock has increased by 53.8% and is now trading at C$1.00.
View the best growth stocks for 2024 here.
When is Kraken Robotics' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, June 4th 2024.
View our PNG earnings forecast.

What other stocks do shareholders of Kraken Robotics own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Kraken Robotics investors own include Allena Pharmaceuticals (ALNA), ProMetic Life Sciences (PLI), AltaGas (ALA), Ampliphi Biosciences (APHB), Catalyst Biosciences (CBIO), VirTra (VTSI), Arbutus Biopharma (ABUS), Aurora Cannabis (ACB), Aurora Cannabis (ACBFF) and AcelRx Pharmaceuticals (ACRX).
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.
Compare Top Brokerages Here.

This page (CVE:PNG) was last updated on 4/19/2024 by MarketBeat.com Staff

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Kraken Robotics (PNG) Stock Price, News & Analysis

Kraken Robotics MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Kraken Robotics Stock (CVE:PNG)

PNG Stock Price History

PNG Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

PNG Stock Analysis - Frequently Asked Questions

Overall MarketRank^™