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An Analysis of Nauticus Robotics Inc (KITT)’s Potential Price Growth

Nauticus Robotics Inc’s recently made public that its Director FLORES WILLIAM acquired Company’s shares for reported $6546.0 on Apr 15 ’24. In the deal valued at $0.22 per share,29,756 shares were bought. As a result of this transaction, FLORES WILLIAM now holds 100,000 shares worth roughly $21000.0.

Then, FLORES WILLIAM bought 70,244 shares, generating $16,156 in total proceeds. Upon buying the shares at $0.23, the Director now owns 70,244 shares.

Before that, GIBSON JOHN W JR sold 352,475 shares. Nauticus Robotics Inc shares valued at $66,970 were divested by the Interim CEO at a price of $0.19 per share. As a result of the transaction, GIBSON JOHN W JR now holds 615,305 shares, worth roughly $0.13 million.

Chardan Capital Markets downgraded its Nauticus Robotics Inc [KITT] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including ROTH Capital’s analysts, who began to cover the stock in early October with a ‘”a Buy”‘ rating.

Price Performance Review of KITT

On Tuesday, Nauticus Robotics Inc [NASDAQ:KITT] saw its stock jump 4.26% to $0.21. Over the last five days, the stock has gained 4.00%. Nauticus Robotics Inc shares have fallen nearly -69.31% since the year began. Nevertheless, the stocks have fallen -91.15% over the past one year. While a 52-week high of $2.55 was reached on 01/02/24, a 52-week low of $0.18 was recorded on 03/12/24. SMA at 50 days reached $0.2502, while 200 days put it at $1.1268. A total of 0.64 million shares were traded, compared to the trading of 0.15 million shares in the previous session.

Levels Of Support And Resistance For KITT Stock

The 24-hour chart illustrates a support level at 0.1908, which if violated will result in even more drops to 0.1736. On the upside, there is a resistance level at 0.2264. A further resistance level may holdings at 0.2448. The Relative Strength Index (RSI) on the 14-day chart is 41.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0109, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.69%. Stochastics %K at 23.49% indicates the stock is a holding.

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