Nauticus Robotics Inc. (NASDAQ: KITT) stock jumped 1.05% on Monday to $1.93 against a previous-day closing price of $1.91. With 0.15 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.38 million shares. During the session, the Aerospace & Defense company that operates in wider Industrials sector, reached to the highest price of $1.9450 whereas the lowest price it dropped to was $1.9000. The 52-week range on KITT shows that it touched its highest point at $7.63 and its lowest point at $1.68 during that stretch. It currently has a 1-year price target of $5.30. Beta for the stock currently stands at 0.68.
Price Performance and Earnings:
Three-month performance dropped to -22.49% while six-month performance fell -36.30%. The stock lost -69.94% in the past year, while it has lost -48.40% so far this year. A look at the trailing 12-month EPS for KITT yields -1.17 with Next year EPS estimates of -0.27. For the next quarter, that number is -0.16. This implies an EPS growth rate of 92.70% for this year and -285.70% for next year.
Float and Shares Shorts:
At present, 39.96 million KITT shares are outstanding with a float of 19.55 million shares on hand for trading. On Aug 30, 2023, short shares totaled 0.12 million, which was 0.24% higher than short shares on Jul 30, 2023. In addition to Mr. Nicolaus Radford as the firm’s Co-Founder, CEO, Pres & Director, Ms. Donnelly A. Bohan serves as its Chief Operating Officer.
Through their ownership of 6.97% of KITT’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, KITT reported revenue of $2.99M and operating income of -$2.52M. The EBITDA in the recently reported quarter was -$2.39M and diluted EPS was -$0.07.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for KITT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With KITT analysts setting a high price target of $10.00 and a low target of $2.50, the average target price over the next 12 months is $5.30. Based on these targets, KITT could surge 418.13% to reach the target high and rise by 29.53% to reach the target low. Reaching the average price target will result in a growth of 174.61% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.