Duke Robotics Corp’s Lock-Up Period Set To End on November 11th (NASDAQ:DUKR)

Duke Robotics’ (NASDAQ:DUKR) lock-up period is set to expire on Wednesday, November 11th. Duke Robotics had issued 1,125,000 shares in its initial public offering on May 15th. The total size of the offering was $9,225,000 based on an initial share price of $8.20. After the expiration of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Analysts Set New Price Targets

Several research firms have commented on DUKR. Maxim Group initiated coverage on Duke Robotics in a research note on Tuesday, July 21st. They set a “buy” rating and a $12.00 price objective for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Duke Robotics in a research note on Monday, September 14th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Duke Robotics presently has an average rating of “Hold” and an average target price of $12.00.

Duke Robotics Stock Performance

Shares of Duke Robotics stock opened at $3.01 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 14.47 and a current ratio of 14.47. Duke Robotics has a one year low of $2.77 and a one year high of $14.20. The stock’s fifty day moving average price is $4.81. The stock has a market cap of $10.32 million, a P/E ratio of -4.49 and a beta of 2.32.

Duke Robotics (NASDAQ:DUKR) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.26) earnings per share (EPS) for the quarter. The business had revenue of $0.15 million during the quarter.

About Duke Robotics

Duke Robotics, Inc is a defense technology company focused on developing unmanned robotic systems for military and security applications. Its work has centered on remotely operated aerial platforms designed to support missions in environments that may be dangerous for personnel.

The company is best known for TIKAD, an unmanned aerial system intended to provide precision strike and other tactical capabilities. Duke Robotics has described its technology as serving defense, law enforcement and security organizations, although publicly available information about its commercial operations and customer base is limited.

Duke Robotics was associated with Israel-founded defense technology development and has operated in the United States.