Nauticus Robotics (NASDAQ:KITT) Releases Earnings Results

by · The Cerbat Gem

Nauticus Robotics (NASDAQ:KITT – Get Free Report) posted its quarterly earnings results on Friday. The company reported ($2.63) EPS for the quarter, Zacks reports. The firm had revenue of $1.98 million during the quarter.

Nauticus Robotics Trading Down 8.4%

Shares of KITT traded down $0.12 during trading on Friday, reaching $1.31. 639,506 shares of the company traded hands, compared to its average volume of 5,314,075. The stock has a 50-day simple moving average of $2.68 and a 200-day simple moving average of $6.47. The stock has a market cap of $8.54 million, a PE ratio of -0.01 and a beta of -0.20. Nauticus Robotics has a twelve month low of $1.21 and a twelve month high of $54.36. The company has a quick ratio of 0.39, a current ratio of 0.44 and a debt-to-equity ratio of 18.06.

Institutional Trading of Nauticus Robotics

An institutional investor recently raised its position in Nauticus Robotics stock. Geode Capital Management LLC raised its position in Nauticus Robotics, Inc. (NASDAQ:KITT – Free Report) by 743.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 357,669 shares of the company’s stock after purchasing an additional 315,251 shares during the quarter. Geode Capital Management LLC owned 0.96% of Nauticus Robotics worth $324,000 as of its most recent SEC filing. Institutional investors and hedge funds own 20.50% of the company’s stock.

Analyst Upgrades and Downgrades

KITT has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Nauticus Robotics in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Nauticus Robotics from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Get Our Latest Stock Analysis on Nauticus Robotics

Nauticus Robotics Company Profile

(Get Free Report)

Nauticus Robotics, Inc develops ocean robots, cloud software, and services to the ocean industry. The company offers Aquanaut, an autonomous underwater vehicle with sensor suite, which provides capability to observe and inspect subsea assets or other subsea features; Olympic Arm, an all-electric manipulator designed for a variety of intervention tasks on work class remotely operated vehicles; and ToolKITT, a software platform, which consists of interrelated products for ocean sensing, manipulation, autonomous behaviors, survey, search and recovery, and manual intervention.

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