Nauticus Robotics (NASDAQ:KITT) PT Lowered to $4.75 at Lake Street Capital

Nauticus Robotics (NASDAQ:KITTGet Rating) had its target price trimmed by Lake Street Capital from $5.25 to $4.75 in a research report released on Tuesday, The Fly reports.

Separately, Chardan Capital downgraded Nauticus Robotics from a buy rating to a neutral rating and set a $2.50 price objective for the company. in a research note on Friday, May 12th.

Nauticus Robotics Price Performance

Shares of KITT opened at $1.90 on Tuesday. The stock has a fifty day moving average price of $2.61 and a 200 day moving average price of $3.36. The company has a debt-to-equity ratio of 572.34, a quick ratio of 7.81 and a current ratio of 4.86. Nauticus Robotics has a 12 month low of $1.85 and a 12 month high of $13.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC acquired a new stake in shares of Nauticus Robotics in the fourth quarter valued at $38,000. Two Sigma Securities LLC acquired a new stake in shares of Nauticus Robotics in the first quarter valued at $45,000. Polar Asset Management Partners Inc. acquired a new stake in shares of Nauticus Robotics in the third quarter valued at $57,000. Virtu Financial LLC acquired a new stake in shares of Nauticus Robotics in the third quarter valued at $60,000. Finally, Kepos Capital LP acquired a new stake in shares of Nauticus Robotics in the third quarter valued at $90,000.

Nauticus Robotics Company Profile

(Get Rating)

Nauticus Robotics, Inc develops and offers ocean robotic solutions and cloud software to the ocean industry. The company offers Aquanaut, an autonomous underwater vehicle (AUV) with sensor suite, which provides capability to observe and inspect subsea assets or other subsea features; and Argonaut, a derivative product of the Aquanaut, which is used for non-industrial and government applications.

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