How Is Nauticus Robotics Inc. (NASDAQ: KITT) Expected To Fare In The Coming Months?

Nauticus Robotics Inc (NASDAQ:KITT) has a beta value of -0.02 and has seen 1.05 million shares traded in the recent trading session. The company, currently valued at $5.58M, closed the recent trade at $1.20 per share which meant it lost -$0.03 on the day or -2.45% during that session. The KITT stock price is -5595.83% off its 52-week high price of $68.35 and -0.83% below the 52-week low of $1.21. If we look at the company’s 10-day average daily trading volume, we find that it stood at 72760.0 shares traded. The 3-month trading volume is 596.24K shares.

The consensus among analysts is that Nauticus Robotics Inc (KITT) is Hold stock at the moment, with a recommendation rating of 1.00. 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. The expected earnings per share for the stock is 0.

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Nauticus Robotics Inc (NASDAQ:KITT) trade information

Sporting -2.45% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the KITT stock price touched $1.20 or saw a rise of 15.49%. Year-to-date, Nauticus Robotics Inc shares have moved -95.08%, while the 5-day performance has seen it change -14.29%. Over the past 30 days, the shares of Nauticus Robotics Inc (NASDAQ:KITT) have changed -10.46%. Short interest in the company has seen 0.13 million shares shorted with days to cover at 0.74.

Wall Street analysts have a consensus price target for the stock at $2.5, which means that the shares’ value could jump 52.0% from the levels at last check today.. The projected low price target is $2.5 while the price target rests at a high of $2.5. In that case, then, we find that the latest price level in today’s session is -108.33% off the targeted high while a plunge would see the stock gain -108.33% from the levels at last check today..

Nauticus Robotics Inc (KITT) estimates and forecasts

The company’s shares have lost -80.39% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -42.20%.

1 analysts offering their estimates for the company have set an average revenue estimate of 1.06M for the current quarter. Year-ago sales stood 3.23M and 2.4M respectively for this quarter and the next, and analysts expect sales will shrink by -67.00% for the current quarter and -42.20% for the next.

KITT Dividends

Nauticus Robotics Inc is expected to release its next earnings report on 2023-Nov-15 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Nauticus Robotics Inc (NASDAQ:KITT)’s Major holders

Insiders own 17.12% of the company shares, while shares held by institutions stand at 6.51% with a share float percentage of 7.85%. Investors are also buoyed by the number of investors in a company, with Nauticus Robotics Inc having a total of 26.0 institutions that hold shares in the company.