Desjardins Weighs in on Kraken Robotics FY2024 Earnings

Kraken Robotics Inc. (CVE:PNG - Free Report) - Investment analysts at Desjardins issued their FY2024 earnings per share (EPS) estimates for Kraken Robotics in a research report issued on Tuesday, February 11th. Desjardins analyst B. Poirier anticipates that the company will post earnings per share of $0.04 for the year. Desjardins currently has a "Moderate Buy" rating on the stock. The consensus estimate for Kraken Robotics' current full-year earnings is $0.07 per share. Desjardins also issued estimates for Kraken Robotics' Q4 2024 earnings at $0.01 EPS, FY2025 earnings at $0.05 EPS, FY2026 earnings at $0.09 EPS and FY2027 earnings at $0.12 EPS.

PNG has been the topic of a number of other reports. Raymond James raised Kraken Robotics to a "moderate buy" rating in a research note on Thursday, January 23rd. Canaccord Genuity Group raised their price target on Kraken Robotics from C$2.00 to C$2.50 in a research note on Friday, November 22nd.

Kraken Robotics Price Performance

Shares of PNG traded down C$0.06 during trading hours on Friday, reaching C$2.50. 490,030 shares of the company traded hands, compared to its average volume of 1,064,362. The company has a quick ratio of 0.64, a current ratio of 2.78 and a debt-to-equity ratio of 34.32. The stock has a market capitalization of C$679.69 million, a PE ratio of 66.15 and a beta of 1.15. Kraken Robotics has a fifty-two week low of C$0.84 and a fifty-two week high of C$3.01. The stock has a fifty day simple moving average of C$2.68 and a 200 day simple moving average of C$2.10.

Insider Activity at Kraken Robotics

In other Kraken Robotics news, Senior Officer Gregory Michael Reid bought 16,260 shares of the business's stock in a transaction on Wednesday, January 8th. The shares were purchased at an average price of C$2.46 per share, with a total value of C$39,999.60. Also, Senior Officer David Shea bought 11,954 shares of the business's stock in a transaction on Friday, January 10th. The shares were acquired at an average cost of C$2.64 per share, for a total transaction of C$31,558.56. Insiders own 10.13% of the company's stock.

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.