Duke Robotics Corp’s Quiet Period Will End on June 24th (NASDAQ:DUKR)

Duke Robotics’ (NASDAQ:DUKR) quiet period is set to end on Wednesday, June 24th. Duke Robotics had issued 1,125,000 shares in its IPO on May 15th. The total size of the offering was $9,225,000 based on an initial share price of $8.20. During Duke Robotics’ quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings began coverage on shares of Duke Robotics in a research report on Friday, June 5th. They issued a “sell (e+)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Duke Robotics presently has a consensus rating of “Sell”.

Duke Robotics Stock Performance

NASDAQ:DUKR opened at $6.80 on Wednesday. The stock has a market capitalization of $23.19 million, a price-to-earnings ratio of -27.20 and a beta of 2.07. Duke Robotics has a 12 month low of $3.80 and a 12 month high of $14.20. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.30.

About Duke Robotics

Duke Robotics Corp (Nasdaq: DUKR) is a Fort Lauderdale, Florida–based company that develops advanced stabilization and autonomous robotic drone systems for both civilian and defense markets. On the civilian side, its Insulator Cleaning Drone (IC Drone) is a drone-enabled system for cleaning and monitoring high-voltage electric utility insulators, and its AEROTRACE platform uses AI-powered aerial monitoring to help infrastructure operators assess assets and prioritize maintenance. In defense, the company holds the intellectual property behind the Bird of Prey, a fully stabilized remote weapon system designed for non-line-of-sight and stand-off engagements, which is marketed by Elbit Systems Land Ltd.