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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 their at-the-market offering, which was previously reported in a filing on May 20, 2024. This filing provides additional legal context for the company’s financial activities and may influence stakeholder perceptions of its market strategies.
The most recent analyst rating on (KITT) stock is a Hold with a $3.50 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 severe financial challenges, including negative equity and cash flow issues. Technical analysis indicates bearish momentum, while valuation metrics are poor due to ongoing losses. Despite some positive highlights from the earnings call, such as revenue growth and strategic acquisitions, the overall outlook remains cautious due to increased expenses and cash depletion.
To see Spark’s full report on KITT stock, click here.
More about Nauticus Robotics
Average Trading Volume: 255,689
Technical Sentiment Signal: Sell
Current Market Cap: $16.39M
For a thorough assessment of KITT stock, go to TipRanks’ Stock Analysis page.