Nauticus Robotics (NASDAQ:KITT) Stock Price Down 3.9% – What’s Next?

Nauticus Robotics, Inc. (NASDAQ:KITT) shares fell 3.9% during mid-day trading on Thursday . The stock traded as low as $0.95 and last traded at $0.9710. 4,121,257 shares changed hands during trading, an increase of 22% from the average session volume of 3,389,045 shares. The stock had previously closed at $1.01.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Nauticus Robotics in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Nauticus Robotics Trading Down 3.9%

The business’s fifty day moving average price is $1.00 and its 200 day moving average price is $4.07. The company has a market capitalization of $13.31 million, a P/E ratio of 0.00 and a beta of -0.17.

Insider Transactions at Nauticus Robotics

In other Nauticus Robotics news, major shareholder International Ltd Transocean sold 28,185 shares of the firm’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $0.90, for a total transaction of $25,366.50. Following the completion of the transaction, the insider owned 2,122,531 shares in the company, valued at $1,910,277.90. This trade represents a 1.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Ltd. Transocean sold 2,021,920 shares of Nauticus Robotics stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $1.02, for a total value of $2,062,358.40. Following the sale, the insider directly owned 6,421 shares in the company, valued at $6,549.42. The trade was a 99.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 2,144,295 shares of company stock valued at $2,161,720. Corporate insiders own 28.20% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Nauticus Robotics stock. Osaic Holdings Inc. increased its holdings in shares of Nauticus Robotics, Inc. (NASDAQ:KITT) by 164.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,190 shares of the company’s stock after acquiring an additional 56,035 shares during the period. Osaic Holdings Inc. owned about 0.21% of Nauticus Robotics worth $81,000 at the end of the most recent quarter. 20.50% of the stock is currently owned by institutional investors.

Nauticus Robotics Company Profile

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.