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Nauticus Robotics ( (KITT) ) has issued an update.
Nauticus Robotics has filed a legal opinion from Norton Rose Fulbright US LLP related to a previously reported at-the-market offering. This filing, made as Exhibit 5.1 in a Current Report on Form 8-K, follows an earlier report filed on May 20, 2024.
The most recent analyst rating on (KITT) stock is a Sell with a $1.50 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 Underperform.
Nauticus Robotics’ overall stock score is primarily impacted by its poor financial performance, including declining revenues and negative cash flow. Technical analysis further supports a bearish outlook with the stock trading below key moving averages and negative momentum indicators. While the earnings call provided some positive insights into revenue growth and strategic initiatives, the financial challenges and valuation concerns weigh heavily on the stock’s attractiveness.
To see Spark’s full report on KITT stock, click here.
More about Nauticus Robotics
Average Trading Volume: 2,067,225
Technical Sentiment Signal: Sell
Current Market Cap: $8.61M
Find detailed analytics on KITT stock on TipRanks’ Stock Analysis page.