Nauticus Robotics Inc (KITT) Suffers From Weak Fundamental Momentum

ZM Stock

Nauticus Robotics Inc (NASDAQ:KITT) has a beta value of -0.02 and has seen 0.68 million shares traded in the recent trading session. The KITT stock price is -2695.15% off its 52-week high price of $28.79 and 17.48% above the 52-week low of $0.85. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.39 million shares traded. The 3-month trading volume is 1.11 million 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 0.49% in the green 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 $1.03 or saw a rise of 4.63%. Year-to-date, Nauticus Robotics Inc shares have moved -95.76%, while the 5-day performance has seen it change -0.48%. Over the past 30 days, the shares of Nauticus Robotics Inc (NASDAQ:KITT) have changed 8.83%. Short interest in the company has seen 0.62 million shares shorted with days to cover at 0.29.

Wall Street analysts have a consensus price target for the stock at $2.5, which means that the shares’ value could jump 58.8% 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 -142.72% off the targeted high while a plunge would see the stock gain -142.72% from the levels at last check today.

Nauticus Robotics Inc (KITT) estimates and forecasts

The company’s shares have lost -80.43% over the past 6 months.

KITT Dividends

Nauticus Robotics Inc is expected to release its next earnings report in January 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 15.39% of the company shares, while shares held by institutions stand at 3.40% with a share float percentage of 4.01%. Investors are also buoyed by the number of investors in a company, with Nauticus Robotics Inc having a total of 14.0 institutions that hold shares in the company.

Also the top two Mutual Funds that are holding company’s shares are Fidelity Extended Market Index Fund and Fidelity Series Total Market Index Fund. As of Oct 31, 2024, the former fund manager holds about 0.29% shares in the company for having 18.71 shares of worth $19454.0 while later fund manager owns 6.12 shares of worth $6358.0 as of Oct 31, 2024, which makes it owner of about 0.10% of company’s outstanding stock.