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Is Crown ElectroKinetics Corp. (NASDAQ: CRKN) On Track To Post A -837.5% Or More Growth?

During the last session, Crown ElectroKinetics Corp. (NASDAQ:CRKN)’s traded shares were 3.4 million. The 52-week high for the CRKN share is $1.36, that puts it down -750.0 from that peak though still a striking 68.75% gain since the share price plummeted to a 52-week low of $0.05. The company’s market capitalization is $7.36M, and the average intraday trading volume over the past 10 days was 5.46 million shares, and the average trade volume was 10.35 million shares over the past three months.

Crown ElectroKinetics Corp. (CRKN) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 3.00. CRKN has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.

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Crown ElectroKinetics Corp. (NASDAQ:CRKN) trade information

Crown ElectroKinetics Corp. (CRKN) registered a 0.97% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.97% in intraday trading to $0.16 this Wednesday, 05/24/23, hitting a weekly high. The stock’s 5-day price performance is -22.14%, and it has moved by 85.65% in 30 days. Based on these gigs, the overall price performance for the year is -83.78%. The short interest in Crown ElectroKinetics Corp. (NASDAQ:CRKN) is 2.76 million shares and it means that shorts have 0.14 day(s) to cover.

The consensus price target of analysts on Wall Street is $1.50, which implies an increase of 89.33% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.50 and $1.50 respectively. As a result, CRKN is trading at a discount of -837.5% off the target high and -837.5% off the low.

Crown ElectroKinetics Corp. (CRKN) estimates and forecasts

Statistics show that Crown ElectroKinetics Corp. has outperformed its competitors in share price, compared to the industry in which it operates. Crown ElectroKinetics Corp. (CRKN) shares have gone down -21.51% during the last six months, with a year-to-date growth rate more than the industry average at 63.41% against 34.30.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -31.30%. While earnings are projected to return 27.00% in 2023.

CRKN Dividends

Crown ElectroKinetics Corp. is due to release its next quarterly earnings on March 31. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

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

Crown ElectroKinetics Corp. insiders own 22.96% of total outstanding shares while institutional holders control 7.73%, with the float percentage being 10.03%. Bard Associates Inc. is the largest shareholder of the company, while 21 institutions own stock in it. As of Mar 30, 2023, the company held over 1.29 million shares (or 4.45% of all shares), a total value of $0.19 million in shares.

The next largest institutional holding, with 92316.0 shares, is of Geode Capital Management, LLC’s that is approximately 0.32% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $13247.0.

Also, the Mutual Funds coming in first place with the largest holdings of Crown ElectroKinetics Corp. (CRKN) shares are Fidelity Extended Market Index Fund and Fidelity Series Total Market Index Fund. Data provided on Feb 27, 2023 indicates that Fidelity Extended Market Index Fund owns about 72292.0 shares. This amounts to just over 0.25 percent of the company’s overall shares, with a $18485.0 market value. The same data shows that the other fund manager holds slightly less at 10703.0, or about 0.04% of the stock, which is worth about $2736.0.

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