Nauticus Robotics (NASDAQ:KITT) Stock Price Up 0.7% – Should You Buy?

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

Nauticus Robotics Stock Up 0.7 %

The firm has a market capitalization of $89.28 million and a PE ratio of -1.12. The stock’s fifty day simple moving average is $1.61 and its 200 day simple moving average is $4.14.

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

Hedge Funds Weigh In On Nauticus Robotics

A hedge fund recently bought a new stake in Nauticus Robotics stock. Mercer Global Advisors Inc. ADV purchased a new position in Nauticus Robotics, Inc. (NASDAQ:KITT) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 400,000 shares of the company’s stock, valued at approximately $54,000. Mercer Global Advisors Inc. ADV owned 0.64% of Nauticus Robotics at the end of the most recent reporting period. Hedge funds and other institutional investors own 20.50% of the company’s stock.

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.