Nauticus Robotics (NASDAQ:KITT – Get Free Report) issued its quarterly earnings results on Thursday. The company reported ($2.46) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $0.16 million during the quarter.
Nauticus Robotics Stock Performance
Shares of NASDAQ KITT traded down $0.17 during mid-day trading on Friday, hitting $1.83. The stock had a trading volume of 204,549 shares, compared to its average volume of 509,409. The company has a 50 day moving average of $3.92 and a two-hundred day moving average of $6.75. Nauticus Robotics has a twelve month low of $1.83 and a twelve month high of $87.12. The firm has a market cap of $7.98 million, a PE ratio of -0.03 and a beta of -0.22.
Hedge Funds Weigh In On Nauticus Robotics
Hedge funds have recently made changes to their positions in the company. Engineers Gate Manager LP acquired a new position in shares of Nauticus Robotics in the 4th quarter valued at $35,000. Osaic Holdings Inc. increased its position in shares of Nauticus Robotics by 164.1% in the 2nd quarter. Osaic Holdings Inc. now owns 90,190 shares of the company’s stock valued at $81,000 after acquiring an additional 56,035 shares during the period. Jane Street Group LLC acquired a new position in shares of Nauticus Robotics in the 4th quarter valued at $90,000. Finally, Geode Capital Management LLC increased its position in shares of Nauticus Robotics by 428.8% in the 4th quarter. Geode Capital Management LLC now owns 214,689 shares of the company’s stock valued at $165,000 after acquiring an additional 174,086 shares during the period. 20.50% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on KITT
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.
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