Nauticus Robotics (NASDAQ:KITT) Trading Up 6.2% – Here’s Why

Nauticus Robotics, Inc. (NASDAQ:KITT)’s stock price was up 6.2% during trading on Thursday . The stock traded as high as $1.03 and last traded at $1.00. Approximately 1,372,792 shares traded hands during trading, a decline of 59% from the average daily volume of 3,381,497 shares. The stock had previously closed at $0.94.

Nauticus Robotics Trading Up 6.2 %

The stock has a market capitalization of $35.15 million, a P/E ratio of -0.02 and a beta of -0.09. The business’s fifty day simple moving average is $1.02 and its two-hundred day simple moving average is $1.36.

Institutional Investors Weigh In On Nauticus Robotics

An institutional investor recently bought a new position in Nauticus Robotics stock. Moody National Bank Trust Division acquired a new position in shares of Nauticus Robotics, Inc. (NASDAQ:KITT) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 37,175 shares of the company’s stock, valued at approximately $34,000. Moody National Bank Trust Division owned approximately 0.58% of Nauticus Robotics at the end of the most recent quarter. 20.50% of the stock is owned by hedge funds and other institutional investors.

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.