Kraken Robotics (CVE:PNG - Get Free Report) was upgraded by equities researchers at Desjardins to a "moderate buy" rating in a research report issued on Tuesday,Zacks.com reports. 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 equities research analysts also recently issued reports about the company. Raymond James upgraded Kraken Robotics to a "moderate buy" rating in a research report on Thursday, January 23rd. Canaccord Genuity Group upped their price objective on Kraken Robotics from C$2.00 to C$2.50 in a report on Friday, November 22nd.
Read Our Latest Analysis on PNG
Kraken Robotics Price Performance
PNG traded down C$0.02 on Tuesday, hitting C$2.56. 395,366 shares of the company's stock traded hands, compared to its average volume of 1,082,310. Kraken Robotics has a one year low of C$0.82 and a one year high of C$3.01. The company has a current ratio of 2.78, a quick ratio of 0.64 and a debt-to-equity ratio of 34.32. The firm has a market cap of C$696.00 million, a price-to-earnings ratio of 67.74 and a beta of 1.15. The company's 50 day simple moving average is C$2.68 and its 200-day simple moving average is C$2.10.
Insider Activity
In related news, Senior Officer Gregory Michael Reid bought 16,260 shares of the business's stock in a transaction dated 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 purchased 11,954 shares of the firm's stock in a transaction that occurred on Friday, January 10th. The shares were bought at an average price of C$2.64 per share, for a total transaction of C$31,558.56. Corporate insiders own 10.13% of the company's stock.
About Kraken Robotics
(
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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.
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