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$6.07 to C$6.31
• 50-Day Range: C$5.84 to C$8.35
• 52-Week Range: C$3.28 to C$10.72
• Volume: 485,906 shs
• Average Volume: 1.66 million shs
• Market Capitalization: C$1.88 billion
• P/E Ratio: 744.00
• Dividend Yield: N/A
• Price Target: C$8.46
• Consensus Rating: Moderate Buy

Kraken Robotics Stock Analysis - MarketRank™

Kraken Robotics scored higher than 69% 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: 4.0 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Kraken Robotics has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 1 strong buy rating, 4 buy ratings, 1 hold rating, and 1 sell rating.

Upside Potential

Kraken Robotics has a consensus price target of C$9.35, representing about 53.3% upside from its current price of C$6.10.

Amount of Analyst Coverage

Kraken Robotics has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Kraken Robotics is 744.00, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 45.79.

Price to Earnings Ratio vs. Sector

The P/E ratio of Kraken Robotics is 744.00, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 167.97.

Price to Book Value per Share Ratio

Kraken Robotics has a P/B Ratio of 7.92. 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.

News and Social Media

• Score: 4.1 / 5
• News Sentiment: N/A

News Sentiment

Kraken Robotics has a news sentiment score of 1.56. 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 0.67 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Kraken Robotics this week, compared to 2 articles on an average week.

Search Interest

4 people have searched for PNG on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.

MarketBeat Follows

16 people have added Kraken Robotics to their MarketBeat watchlist in the last 30 days. This is an increase of 700% compared to the previous 30 days.

Company Ownership

• Score: 2.7 / 5
• Insider Trading: Selling Shares

Cluster Insider Buying

2 insiders have purchased shares of Kraken Robotics in the last three months. Multiple insiders buying is a strong bullish signal.

Insider Buying vs. Insider Selling

In the past three months, Kraken Robotics insiders have sold 380.06% more of their company's stock than they have bought. Specifically, they have bought C$309,500.00 in company stock and sold C$1,485,800.00 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

16.14% of the stock of Kraken Robotics is held by institutions.

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$9.35
• High Price Target: C$13.50
• Low Price Target: C$5.00
• Potential Upside/Downside: +52.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.71
• Research Coverage: 7 Analysts

Profitability

• EPS (Trailing Twelve Months): N/A
• Trailing P/E Ratio: 744.00
• Forward P/E Ratio: 81.79
• P/E Growth: N/A
• Net Income: C$10.63 million
• Net Margins: -0.63%
• Pretax Margin: N/A
• Return on Equity: -0.33%
• Return on Assets: 10.68%

Debt

• Debt-to-Equity Ratio: 16.23
• Current Ratio: 1.37
• Quick Ratio: 0.64

Sales & Book Value

• Annual Sales: C$107.79 million
• Price / Sales: 17.47
• Cash Flow: C$0.26 per share
• Price / Cash Flow: 23.33
• Book Value: C$0.77 per share
• Price / Book: 7.95

Miscellaneous

• Outstanding Shares: 307,175,000
• Free Float: N/A
• Market Cap: C$1.88 billion
• Optionable: Not Optionable
• Beta: 0.87