Desjardins Forecasts Kraken Robotics FY2024 Earnings

Kraken Robotics Inc. (CVE:PNG) – Analysts at Desjardins issued their FY2024 earnings per share (EPS) estimates for shares of Kraken Robotics in a research report issued to clients and investors on Tuesday, February 11th. Desjardins analyst B. Poirier expects that the company will post earnings per share of $0.04 for the year. Desjardins currently has a “Moderate Buy” rating on the stock. The consensus estimate for Kraken Robotics’ current full-year earnings is $0.07 per share. Desjardins also issued estimates for Kraken Robotics’ Q4 2024 earnings at $0.01 EPS, FY2025 earnings at $0.05 EPS, FY2026 earnings at $0.09 EPS and FY2027 earnings at $0.12 EPS.

PNG has been the topic of several other reports. Canaccord Genuity Group lifted their target price on Kraken Robotics from C$2.00 to C$2.50 in a report on Friday, November 22nd. Raymond James raised Kraken Robotics to a “moderate buy” rating in a report on Thursday, January 23rd.

Kraken Robotics Stock Down 2.6 %

Shares of PNG opened at C$2.58 on Friday. The company has a market capitalization of C$701.44 million, a PE ratio of 68.26 and a beta of 1.15. Kraken Robotics has a 12 month low of C$0.80 and a 12 month high of C$3.01. The stock’s 50-day moving average price is C$2.67 and its two-hundred day moving average price is C$2.07. The company has a current ratio of 2.78, a quick ratio of 0.64 and a debt-to-equity ratio of 34.32.

Insider Activity

In other Kraken Robotics news, Senior Officer David Shea acquired 11,954 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were bought at an average cost of C$2.64 per share, with a total value of C$31,558.56. Also, Senior Officer Gregory Michael Reid acquired 16,260 shares of the company’s stock in a transaction dated Wednesday, January 8th. The stock was acquired at an average cost of C$2.46 per share, for a total transaction of C$39,999.60. 10.13% of the stock is owned by company insiders.

Kraken Robotics Company Profile

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.