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An update from Kraken Robotics Systems Inc ( (TSE:PNG) ) is now available.
Kraken Robotics has announced receiving $12 million in orders for its synthetic aperture sonar and subsea batteries from multiple organizations, including Teledyne Marine, Terradepth, and two NATO navies. This highlights the company’s dual-use technology’s critical role across maritime security and offshore energy applications. The orders, which include integration on autonomous underwater vehicles, underscore Kraken’s platform-agnostic solutions’ versatility and their impact on expanding the company’s market reach in defense and commercial sectors.
The most recent analyst rating on (TSE:PNG) stock is a Hold with a C$6.50 price target. To see the full list of analyst forecasts on Kraken Robotics Systems Inc stock, see the TSE:PNG Stock Forecast page.
Spark’s Take on TSE:PNG Stock
According to Spark, TipRanks’ AI Analyst, TSE:PNG is a Neutral.
Kraken Robotics Systems Inc’s stock score is primarily driven by solid financial performance, despite cash flow challenges. Technical indicators suggest moderate momentum, while a high P/E ratio raises valuation concerns. The absence of dividend yield and earnings call data further impacts the overall score.
To see Spark’s full report on TSE:PNG stock, click here.
More about Kraken Robotics Systems Inc
Kraken Robotics Inc. is a company focused on transforming subsea intelligence through advanced 3D imaging sensors, power solutions, and robotic systems. Their products, including synthetic aperture sonar, sub-bottom imaging, and LiDAR systems, offer high-resolution insights into ocean safety, infrastructure, and geology. Kraken’s pressure-tolerant batteries provide high energy density power for unmanned underwater vehicles and subsea energy storage. Headquartered in Canada, Kraken supports clients in over 30 countries worldwide.
Average Trading Volume: 1,890,506
Technical Sentiment Signal: Buy
Current Market Cap: C$1.72B
For a thorough assessment of PNG stock, go to TipRanks’ Stock Analysis page.