The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Nauticus Robotics Inc shares valued at $66,970 were sold by GIBSON JOHN W JR on Mar 13 ’24. At $0.19 per share, GIBSON JOHN W JR sold 352,475 shares. The insider’s holdings dropped to 615,305 shares worth approximately $0.14 million following the completion of this transaction.
Also, Radford Nicolaus sold 19,667 shares, netting a total of over 12,587 in proceeds. Following the sale of shares at $0.64 each, the insider now holds 3,024,921 shares.
Before that, Bohan Donnelly A. had sold 18,357 shares from its account. In a trade valued at $11,748, the Chief Operating Officer traded Nauticus Robotics Inc shares for $0.64 each. Upon closing the transaction, the insider’s holdings decreased to 18,357 shares, worth approximately $25853.96.
As published in a research note from Chardan Capital Markets on May 12, 2023, Nauticus Robotics Inc [KITT] has been rated down from a Buy to a Neutral and the price target has been revised to $2.50. Analysts at ROTH Capital started covering the stock with ‘”a Buy”‘ outlook in a report released in early October.
Analyzing KITT Stock Performance
During the last five days, there has been a drop of approximately -21.39%. Over the course of the year, Nauticus Robotics Inc shares have dropped approximately -67.53%. Shares of the company reached a 52-week high of $0.7008 on 01/02/24 and a 52-week low of $0.1781 on 03/12/24. A 50-day SMA is recorded $0.2842, while a 200-day SMA reached $1.2492. Nevertheless, trading volume fell to 0.79 million shares from 0.89 million shares the previous day.
Support And Resistance Levels for Nauticus Robotics Inc (KITT)
According to the 24-hour chart, there is a support level at 0.2074, which, if violated, would cause prices to drop to 0.1947. In the upper region, resistance lies at 0.2414. The next price resistance is at 0.2627. RSI (Relative Strength Index) is 37.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0356, which suggests the price will decrease in the coming days. Percent R is at 93.65%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Nauticus Robotics Inc subject to short interest?
Stocks of Nauticus Robotics Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.38 million shares to 0.63 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 0.25 million shares. A jump of 60.95% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 0.17 of the overall float, the days-to-cover ratio (short ratio) jumped to 0.17.
