Nauticus Robotics (NASDAQ:KITT) Stock Price Up 0.7% – Still a Buy?

Nauticus Robotics, Inc. (NASDAQ:KITT) rose 0.7% during trading on Monday . The stock traded as high as $1.45 and last traded at $1.43. Approximately 43,315 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 551,623 shares. The stock had previously closed at $1.42.

Nauticus Robotics Price Performance

The company’s 50 day moving average is $1.57 and its 200 day moving average is $4.06. The stock has a market cap of $85.53 million and a price-to-earnings ratio of -1.07.

Nauticus Robotics (NASDAQ:KITT) last announced its quarterly earnings data on Tuesday, August 13th. The company reported ($4.60) EPS for the quarter. The company had revenue of $0.50 million for the quarter.

Hedge Funds Weigh In On Nauticus Robotics

An institutional investor recently bought a new position in Nauticus Robotics stock. Mercer Global Advisors Inc. ADV bought a new position in shares of Nauticus Robotics, Inc. (NASDAQ:KITT) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 400,000 shares of the company’s stock, valued at approximately $54,000. Mercer Global Advisors Inc. ADV owned about 0.64% of Nauticus Robotics at the end of the most recent quarter. 20.50% of the stock is owned by hedge funds and other institutional investors.

Nauticus Robotics Company Profile

Nauticus Robotics, Inc develops ocean robots, cloud software, and services to the ocean industry. The company offers Aquanaut, an autonomous underwater vehicle with sensor suite, which provides capability to observe and inspect subsea assets or other subsea features; Olympic Arm, an all-electric manipulator designed for a variety of intervention tasks on work class remotely operated vehicles; and ToolKITT, a software platform, which consists of interrelated products for ocean sensing, manipulation, autonomous behaviors, survey, search and recovery, and manual intervention.