Nauticus Robotics (NASDAQ:KITT) Releases Quarterly Earnings Results

Nauticus Robotics (NASDAQ:KITT) issued its quarterly earnings data on Thursday. The company reported ($2.46) EPS for the quarter, FiscalAI reports. The firm had revenue of $0.16 million for the quarter.

Nauticus Robotics Stock Performance

Shares of NASDAQ:KITT traded down $0.17 during trading on Friday, reaching $1.83. 204,549 shares of the stock traded hands, compared to its average volume of 509,409. The stock has a 50-day moving average of $3.92 and a two-hundred day moving average of $6.75. Nauticus Robotics has a 52-week low of $1.83 and a 52-week high of $87.12. The stock has a market cap of $7.98 million, a P/E ratio of -0.03 and a beta of -0.22.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Nauticus Robotics in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Nauticus Robotics presently has an average rating of “Sell”.

Institutional Investors Weigh In On Nauticus Robotics

A number of institutional investors have recently made changes to their positions in the company. Engineers Gate Manager LP purchased a new stake in Nauticus Robotics in the fourth quarter worth approximately $35,000. Jane Street Group LLC purchased a new stake in Nauticus Robotics in the fourth quarter worth approximately $90,000. Geode Capital Management LLC boosted its holdings in Nauticus Robotics by 428.8% in the fourth quarter. Geode Capital Management LLC now owns 214,689 shares of the company’s stock worth $165,000 after purchasing an additional 174,086 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in Nauticus Robotics by 164.1% in the second quarter. Osaic Holdings Inc. now owns 90,190 shares of the company’s stock worth $81,000 after purchasing an additional 56,035 shares during the last quarter. Hedge funds and other institutional investors own 20.50% of the company’s stock.

About Nauticus Robotics

Nauticus Robotics, Inc (NASDAQ: KITT) is a maritime robotics company focused on developing and deploying uncrewed surface and subsea vessels for inspection, survey and maintenance applications. The company’s solutions combine purpose-built hardware with advanced autonomy software and sensor integration, allowing operators to conduct offshore and in-shore missions without personnel aboard. By digitizing routine vessel operations, Nauticus Robotics aims to reduce the time, cost and risk associated with traditional crewed marine services.

The company’s product portfolio includes modular uncrewed surface vessels (USVs) and remotely operated vehicles (ROVs) equipped with high-resolution sonar, cameras and other environmental sensors.