Kraken Robotics (CVE:PNG) Share Price Passes Above 50 Day Moving Average – What’s Next?

Posted by Stanley Muller on Aug 14th, 2026

Kraken Robotics Inc. (CVE:PNG – Get Free Report)’s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$6.49 and traded as high as C$6.80. Kraken Robotics shares last traded at C$6.35, with a volume of 767,607 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on PNG shares. Desjardins dropped their price target on shares of Kraken Robotics to C$13.50 and set a “buy” rating on the stock in a research note on Friday, July 3rd. Scotia boosted their target price on Kraken Robotics from C$9.00 to C$12.00 and gave the company a “sector outperform” rating in a research note on Friday, July 3rd. National Bank Financial dropped their target price on Kraken Robotics to C$10.00 in a research report on Friday, July 3rd. Finally, ATB Cormark Capital Markets cut their price target on Kraken Robotics from C$6.50 to C$5.00 and set an “underperform” rating for the company in a research note on Tuesday, July 7th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$9.35.

Get Our Latest Stock Analysis on PNG

Kraken Robotics Trading Down 4.4%

The company’s 50 day moving average price is C$6.49 and its 200 day moving average price is C$7.64. The company has a market cap of C$1.95 billion, a price-to-earnings ratio of 744.00 and a beta of 0.91. The company has a debt-to-equity ratio of 16.23, a quick ratio of 0.64 and a current ratio of 1.37.

Insider Buying and Selling

In other Kraken Robotics news, Director Michael Shaun Mcewan sold 6,700 shares of the stock in a transaction on Thursday, July 9th. The shares were sold at an average price of C$6.32, for a total transaction of C$42,344.00. Following the transaction, the director directly owned 460,728 shares of the company’s stock, valued at C$2,911,800.96. This represents a 1.43% decrease in their ownership of the stock. Also, insider Duane Joseph Alexander Mackay bought 41,500 shares of the stock in a transaction on Wednesday, July 8th. The shares were acquired at an average cost of C$6.00 per share, for a total transaction of C$249,000.00. Following the completion of the transaction, the insider directly owned 1,154,500 shares of the company’s stock, valued at approximately C$6,927,000. The trade was a 3.73% increase in their ownership of the stock. Over the last three months, insiders sold 238,687 shares of company stock worth $1,485,800. Corporate insiders own 10.13% of the company’s stock.

About Kraken Robotics

(Get Free Report)

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. It operates in two segments, Products, and Services. The company offers AquaPix miniature interferometric synthetic aperture sonar (MINSAS), a configurable MINSAS; and SeaPower, a pressure tolerant deep sea batteries.