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Director FLORES WILLIAM acquired 29,756 shares of Nauticus Robotics Inc [KITT]

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Nauticus Robotics Inc shares valued at $6,546 were purchased by FLORES WILLIAM on Apr 15 ’24. At $0.22 per share, FLORES WILLIAM acquired 29,756 shares. The insider’s holdings grew to 100,000 shares worth approximately $16000.0 following the completion of this transaction.

Also, FLORES WILLIAM purchased 70,244 shares, netting a total of over 16,156 in proceeds. Following the buying of shares at $0.23 each, the insider now holds 70,244 shares.

Before that, GIBSON JOHN W JR had sold 352,475 shares from its account. In a trade valued at $66,970, the Interim CEO traded Nauticus Robotics Inc shares for $0.19 each. Upon closing the transaction, the insider’s holdings decreased to 352,475 shares, worth approximately $98448.8.

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 -1.23%. Over the course of the year, Nauticus Robotics Inc shares have dropped approximately -76.39%. Shares of the company reached a 52-week high of $0.7008 on 01/02/24 and a 52-week low of $0.1215 on 05/14/24. A 50-day SMA is recorded $0.2235, while a 200-day SMA reached $1.0237. Nevertheless, trading volume fell to 11.24 million shares from 25.41 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 0.1450, which, if violated, would cause prices to drop to 0.1300. In the upper region, resistance lies at 0.1700. The next price resistance is at 0.1800. RSI (Relative Strength Index) is 38.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0208, which suggests the price will decrease in the coming days. Percent R is at 63.71%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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