Kraken Robotics Inc. (CVE:PNG – Free Report) – Cormark reduced their FY2024 earnings estimates for Kraken Robotics in a note issued to investors on Friday, April 19th. Cormark analyst N. Boychuk now anticipates that the company will post earnings of $0.07 per share for the year, down from their prior forecast of $0.08. The consensus estimate for Kraken Robotics’ current full-year earnings is $0.05 per share.
Separately, Echelon Wealth Partners restated a “buy” rating and issued a C$1.60 price target on shares of Kraken Robotics in a research report on Thursday, March 28th.
Kraken Robotics Price Performance
CVE:PNG opened at C$0.96 on Monday. The firm has a market cap of C$197.87 million, a PE ratio of -63.00 and a beta of 1.12. Kraken Robotics has a 12 month low of C$0.35 and a 12 month high of C$1.15. The company has a quick ratio of 0.64, a current ratio of 1.08 and a debt-to-equity ratio of 42.36. The company’s 50-day moving average price is C$1.03 and its two-hundred day moving average price is C$0.76.
Kraken Robotics Company Profile
Kraken Robotics Inc, a marine technology company, engages in the design, manufacture, and sale of sonar and optical sensors, batteries, and underwater robotic equipment for unmanned underwater vehicles used in military and commercial applications. It operates in two segments, Sensors and Platforms, and Power.
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