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Nauticus Robotics ( (KITT) ) has provided an update.
Nauticus Robotics, Inc. has filed a Current Report on Form 8-K, which includes an opinion from Norton Rose Fulbright US LLP regarding a previously reported at-the-market offering. Additionally, the report contains a consent from Whitley Penn related to the company’s Registration Statement on Form S-3/A.
The most recent analyst rating on (KITT) stock is a Sell with a $2.00 price target. To see the full list of analyst forecasts on Nauticus Robotics stock, see the KITT Stock Forecast page.
Spark’s Take on KITT Stock
According to Spark, TipRanks’ AI Analyst, KITT is a Underperform.
Nauticus Robotics’ overall stock score is primarily impacted by severe financial challenges, including negative equity and cash flow issues, which pose significant risks. Technical analysis further indicates bearish momentum. While the earnings call provided some positive insights into revenue growth and strategic initiatives, these are overshadowed by financial instability and valuation concerns.
To see Spark’s full report on KITT stock, click here.
More about Nauticus Robotics
Average Trading Volume: 521,340
Technical Sentiment Signal: Sell
Current Market Cap: $10.04M
See more data about KITT stock on TipRanks’ Stock Analysis page.