FY2025 EPS Estimates for Kraken Robotics Lowered by Cormark

Kraken Robotics Inc. (CVE:PNG) – Cormark dropped their FY2025 earnings per share estimates for shares of Kraken Robotics in a note issued to investors on Tuesday, July 8th. Cormark analyst N. Boychuk now anticipates that the company will post earnings of $0.07 per share for the year, down from their prior estimate of $0.09. The consensus estimate for Kraken Robotics’ current full-year earnings is $0.07 per share.

Other research analysts have also issued research reports about the company. Desjardins raised Kraken Robotics to a “moderate buy” rating in a report on Monday. National Bank Financial raised Kraken Robotics to a “strong-buy” rating in a report on Wednesday, April 23rd. Finally, National Bankshares set a C$3.00 target price on Kraken Robotics and gave the company an “outperform” rating in a report on Thursday, April 24th.

Kraken Robotics Stock Up 1.5%

PNG stock opened at C$3.41 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 2.78 and a debt-to-equity ratio of 34.32. The firm has a market capitalization of C$927.09 million, a PE ratio of 90.23 and a beta of 1.15. Kraken Robotics has a twelve month low of C$1.09 and a twelve month high of C$3.51. The stock has a 50-day simple moving average of C$2.67 and a two-hundred day simple moving average of C$2.55.

Insider Activity at Kraken Robotics

In other news, Senior Officer Gregory Michael Reid sold 261,600 shares of the business’s stock in a transaction dated Friday, June 13th. The stock was sold at an average price of C$2.88, for a total transaction of C$753,408.00. Insiders own 10.13% of the company’s stock.

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.