Desjardins Weighs in on Kraken Robotics FY2024 Earnings

Kraken Robotics Inc. (CVE:PNG) – Equities researchers at Desjardins issued their FY2024 earnings per share estimates for Kraken Robotics in a note issued to investors on Tuesday, February 11th. Desjardins analyst B. Poirier anticipates that the company will earn $0.04 per share for the year. Desjardins currently has a “Moderate Buy” rating on the stock. The consensus estimate for Kraken Robotics’ current full-year earnings is $0.07 per share. Desjardins also issued estimates for Kraken Robotics’ Q4 2024 earnings at $0.01 EPS, FY2025 earnings at $0.05 EPS, FY2026 earnings at $0.09 EPS and FY2027 earnings at $0.12 EPS.

Several other research firms also recently weighed in on PNG. Canaccord Genuity Group increased their target price on Kraken Robotics from C$2.00 to C$2.50 in a research report on Friday, November 22nd. Raymond James upgraded Kraken Robotics to a “moderate buy” rating in a research report on Thursday, January 23rd.

Kraken Robotics Stock Performance

CVE PNG opened at C$2.56 on Friday. The business’s 50-day moving average price is C$2.68 and its 200 day moving average price is C$2.07. Kraken Robotics has a twelve month low of C$0.82 and a twelve month high of C$3.01. The company has a market capitalization of C$696.00 million, a PE ratio of 67.74 and a beta of 1.15. The company has a current ratio of 2.78, a quick ratio of 0.64 and a debt-to-equity ratio of 34.32.

Insider Buying and Selling at Kraken Robotics

In other news, Senior Officer Gregory Michael Reid bought 16,260 shares of Kraken Robotics stock in a transaction on Wednesday, January 8th. The shares were bought at an average price of C$2.46 per share, with a total value of C$39,999.60. Also, Senior Officer David Shea bought 11,954 shares of Kraken Robotics stock in a transaction on Friday, January 10th. The shares were purchased at an average cost of C$2.64 per share, for a total transaction of C$31,558.56. 10.13% of the stock is owned by insiders.

About Kraken Robotics

Kraken Robotics Inc, a marine technology company, engages in the design, manufacture, and sale of sonar and optical sensors, batteries, and underwater robotic equipment for unmanned underwater vehicles used in military and commercial applications in Canada, the Asia Pacific, Europe, the Middle East, Africa, North America, and internationally.