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Nauticus Robotics ( (KITT) ) has shared an update.
Nauticus Robotics has filed a legal opinion from Norton Rose Fulbright US LLP regarding an at-the-market offering, as reported in a previous filing on May 20, 2024. This filing may have implications for the company’s financial strategies or market activities.
The most recent analyst rating on (KITT) stock is a Hold with a $0.50 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 Neutral.
Nauticus Robotics’ overall stock score is primarily impacted by its poor financial performance, which poses significant risks to its sustainability. While there are positive signs from recent revenue growth and strategic acquisitions, these are overshadowed by ongoing financial challenges and bearish technical indicators. The valuation metrics further highlight the company’s struggles, resulting in a low overall score.
To see Spark’s full report on KITT stock, click here.
More about Nauticus Robotics
Average Trading Volume: 1,950,966
Technical Sentiment Signal: Sell
Current Market Cap: $22.48M
See more data about KITT stock on TipRanks’ Stock Analysis page.