Nauticus Robotics Inc (NASDAQ:KITT) shares traded 21.35% higher at $2.16 on Wall Street last session.
KITT stock price is now 81.30% away from the 50-day moving average and -43.77% away from the 200-day moving average. The market capitalization of the company currently stands at $16.79M.
With the price target maintained at $2.50, Chardan Capital Markets recently Downgraded its rating from Buy to Neutral for Nauticus Robotics Inc (NASDAQ: KITT). On October 06, 2022, ROTH Capital recently initiated its ‘Buy’ rating on the stock quoting a target price of $10
In other news, Hay Victoria, Interim CFO sold 359 shares of the company’s stock on Dec 10 ’24. The stock was sold for $384 at an average price of $1.07. Upon completion of the transaction, the Interim CFO now directly owns 753 shares in the company, valued at $1626.48. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 26 ’24, Interim CEO GIBSON JOHN W JR bought 52,157 shares of the business’s stock. A total of $53,972 was incurred on buying the stock at an average price of $1.03. This leaves the insider owning 71,713 shares of the company worth $0.15 million. A total of 12.93% of the company’s stock is owned by insiders.
During the past 12 months, Nauticus Robotics Inc has had a low of $0.82 and a high of $28.36. The fifty day moving average price for KITT is $1.1914 and a two-hundred day moving average price translates $3.842425 for the stock.
The latest earnings results from Nauticus Robotics Inc (NASDAQ: KITT) was released for 2024-09-30. The net profit margin was -2327.61% and return on equity was -856.78% for KITT. The company reported revenue of $0.37 million for the quarter, compared to $1.59 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -76.79 percent.
