Analysts Offer Predictions for Kraken Robotics Inc.’s FY2024 Earnings (CVE:PNG)

Kraken Robotics Inc. (CVE:PNG) – Cormark cut their FY2024 earnings estimates for shares of Kraken Robotics in a research note issued on Friday, April 19th. Cormark analyst N. Boychuk now expects that the company will post earnings of $0.07 per share for the year, down from their previous forecast of $0.08. The consensus estimate for Kraken Robotics’ current full-year earnings is $0.05 per share.

Separately, Echelon Wealth Partners reaffirmed a “buy” rating and set a C$1.60 target price on shares of Kraken Robotics in a report on Thursday, March 28th.

Kraken Robotics Price Performance

CVE:PNG opened at C$1.02 on Monday. The company has a debt-to-equity ratio of 42.36, a current ratio of 1.08 and a quick ratio of 0.64. The firm has a market cap of C$209.20 million, a price-to-earnings ratio of -63.00 and a beta of 1.12. The company has a 50 day moving average price of C$1.03 and a 200-day moving average price of C$0.76. Kraken Robotics has a 1-year low of C$0.35 and a 1-year high of C$1.15.

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. It operates in two segments, Sensors and Platforms, and Power.