Nauticus Robotics Inc (NASDAQ:KITT) price on Thursday, March 20, rose 2.70% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.14.
A look at the stock’s price movement, the close in the last trading session was $1.11, moving within a range at $1.0713 and $1.2. The beta value (5-Year monthly) was -0.022. Turning to its 52-week performance, $14.85 and $0.82 were the 52-week high and 52-week low respectively. Overall, KITT moved -16.18% over the past month.
Nauticus Robotics Inc’s market cap currently stands at around $34.42 million, with investors looking forward to this quarter’s earnings report slated for on 2023-Nov-14.
Turning to the stock’s technical picture we see that short term indicators suggest on average that KITT is a 50% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 0 recommend KITT as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
KITT’s current price about 6.43% and -29.13% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.98, while 7-day volatility ratio is 11.39% and 12.50% in the 30-day chart. Further, Nauticus Robotics Inc (KITT) has a beta value of -0.16, and an average true range (ATR) of 0.17. Analysts have given the company’s stock an average 52-week price target of $2.5, forecast between a low of $2.5 and high of $2.5. Looking at the price targets, the low is -119.3% off current price level while to achieve the yearly target high, price needs to move -119.3%. Nonetheless, investors will most likely welcome a -119.3% jump to $2.5 which is the analysts’ median price.
If we refocus on Nauticus Robotics Inc (NASDAQ:KITT), historical trading data shows that trading volumes averaged 2.26 over the past 10 days and 10.10 million over the past 3 months. The company’s latest data on shares outstanding shows there are 30.19 million shares.
The 6.41% of Nauticus Robotics Inc’s shares are in the hands of company insiders while institutional holders own 0.63% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.17 million on 2025-02-28, giving us a short ratio of 0.31. The data shows that as of 2025-02-28 short interest in Nauticus Robotics Inc (KITT) stood at 3568.9998000000005 of shares outstanding, with shares short rising to 0.99 million registered in 2025-01-31. Current price change has pushed the stock -26.45% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the KITT stock continues to rise going into the next quarter.
