Nauticus Robotics (NASDAQ:KITT) Raised to Sell at Wall Street Zen

Nauticus Robotics (NASDAQ:KITT) was upgraded by research analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued to investors on Sunday.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Nauticus Robotics in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Nauticus Robotics has a consensus rating of “Sell”.

Nauticus Robotics Stock Performance

Shares of NASDAQ:KITT opened at $1.13 on Friday. The firm’s 50 day simple moving average is $1.75 and its 200-day simple moving average is $4.70. Nauticus Robotics has a one year low of $1.05 and a one year high of $87.12. The firm has a market cap of $5.65 million, a PE ratio of -0.02 and a beta of -0.23.

Nauticus Robotics (NASDAQ:KITT) last released its quarterly earnings results on Thursday, May 14th. The company reported ($2.46) earnings per share for the quarter. The company had revenue of $0.16 million for the quarter. Nauticus Robotics had a negative return on equity of 9,200.82% and a negative net margin of 1,292.09%.

Institutional Investors Weigh In On Nauticus Robotics

Hedge funds have recently modified their holdings of the business. Engineers Gate Manager LP purchased a new position in shares of Nauticus Robotics in the fourth quarter worth about $35,000. Osaic Holdings Inc. boosted its position in Nauticus Robotics by 164.1% during the second quarter. Osaic Holdings Inc. now owns 90,190 shares of the company’s stock worth $81,000 after acquiring an additional 56,035 shares during the last quarter. Jane Street Group LLC purchased a new stake in Nauticus Robotics during the 4th quarter valued at about $90,000. Finally, Geode Capital Management LLC grew its stake in Nauticus Robotics by 428.8% during the 4th quarter. Geode Capital Management LLC now owns 214,689 shares of the company’s stock valued at $165,000 after acquiring an additional 174,086 shares in the last quarter. 20.50% of the stock is currently owned by institutional investors and hedge funds.

Nauticus Robotics Company Profile

Nauticus Robotics, Inc (NASDAQ: KITT) is a maritime robotics company focused on developing and deploying uncrewed surface and subsea vessels for inspection, survey and maintenance applications. The company’s solutions combine purpose-built hardware with advanced autonomy software and sensor integration, allowing operators to conduct offshore and in-shore missions without personnel aboard. By digitizing routine vessel operations, Nauticus Robotics aims to reduce the time, cost and risk associated with traditional crewed marine services.

The company’s product portfolio includes modular uncrewed surface vessels (USVs) and remotely operated vehicles (ROVs) equipped with high-resolution sonar, cameras and other environmental sensors.