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Crown ElectroKinetics Corp. (NASDAQ: CRKN) Disappointed Wall Street By Losing -6.16%

Crown ElectroKinetics Corp. (NASDAQ:CRKN) has seen 1.28 million shares traded in the last trading session. The company, currently valued at $4.79M, closed the last trade at $0.25 per share which meant it lost -$0.02 on the day or -6.16% during that session. The CRKN stock price is -1116.0% off its 52-week high price of $3.04 and 80.0% above the 52-week low of $0.05. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.0 million shares traded. The 3-month trading volume is 5.03 million shares.

The consensus among analysts is that Crown ElectroKinetics Corp. (CRKN) is a Hold stock at the moment, with a recommendation rating of 3.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 1 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight.

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Crown ElectroKinetics Corp. (NASDAQ:CRKN) trade information

Sporting -6.16% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Monday, 01/23/23 when the CRKN stock price touched $0.25 or saw a rise of 10.71%. Year-to-date, Crown ElectroKinetics Corp. shares have moved 34.46%, while the 5-day performance has seen it change -11.82%. Over the past 30 days, the shares of Crown ElectroKinetics Corp. (NASDAQ:CRKN) have changed 59.00%. Short interest in the company has seen 1.17 million shares shorted with days to cover at 0.19.

Wall Street analysts have a consensus price target for the stock at $1.50, which means that the shares’ value could jump 83.33% from current levels. The projected low price target is $1.50 while the price target rests at a high of $1.50. In that case, then, we find that the current price level is -500.0% off the targeted high while a plunge would see the stock gain -500.0% from current levels.

Crown ElectroKinetics Corp. (CRKN) estimates and forecasts

The company’s shares have lost -70.07% over the past 6 months, compared to 15.90% for the industry.

1 have an estimated revenue figure of $10 million for the next quarter concluding in Sep 2022.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -39.30% over the past 5 years.

CRKN Dividends

Crown ElectroKinetics Corp. is expected to release its next earnings report between November 10 and November 14 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Crown ElectroKinetics Corp. (NASDAQ:CRKN)’s Major holders

Insiders own 62.93% of the company shares, while shares held by institutions stand at 22.88% with a share float percentage of 61.71%. Investors are also buoyed by the number of investors in a company, with Crown ElectroKinetics Corp. having a total of 24 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 0.81 million shares worth more than $0.74 million. As of Jun 29, 2022, Vanguard Group, Inc. (The) held 2.82% of shares outstanding.

The other major institutional holder is Pitcairn Company, with the holding of over 0.42 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $0.38 million and represent 1.44% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of Jun 29, 2022, the former fund manager holds about 2.21% shares in the company for having 0.64 million shares of worth $0.58 million while later fund manager owns 0.17 million shares of worth $0.16 million as of Jun 29, 2022, which makes it owner of about 0.60% of company’s outstanding stock.

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