Kraken Robotics (CVE:PNG) PT Set at C$3.60 by Desjardins

Kraken Robotics (CVE:PNG - Get Free Report) has been given a C$3.60 price target by equities research analysts at Desjardins in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Desjardins' price objective would indicate a potential upside of 40.63% from the company's current price. Desjardins also issued estimates for Kraken Robotics' Q4 2024 earnings at $0.01 EPS, FY2024 earnings at $0.04 EPS, FY2025 earnings at $0.05 EPS, FY2026 earnings at $0.09 EPS and FY2027 earnings at $0.12 EPS.

Other research analysts have also issued research reports about the stock. Canaccord Genuity Group increased their price target on shares of Kraken Robotics from C$2.00 to C$2.50 in a research report on Friday, November 22nd. Raymond James raised shares of Kraken Robotics to a "moderate buy" rating in a report on Thursday, January 23rd.

Kraken Robotics Stock Down 0.8 %

CVE:PNG traded down C$0.02 during trading hours on Wednesday, reaching C$2.56. The company's stock had a trading volume of 395,366 shares, compared to its average volume of 1,082,310. The company has a market cap of C$696.00 million, a price-to-earnings ratio of 67.74 and a beta of 1.15. Kraken Robotics has a one year low of C$0.82 and a one year high of C$3.01. The business's 50-day moving average is C$2.68 and its 200-day moving average is C$2.09. The company has a debt-to-equity ratio of 34.32, a current ratio of 2.78 and a quick ratio of 0.64.

Insider Transactions at Kraken Robotics

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

Kraken Robotics Company Profile

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.