Why Kraken Robotics Systems Inc Stocks Dipped

Kraken Robotics Systems Inc ( (TSE:PNG) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.

Kraken Robotics Systems Inc. experienced a notable drop in stock prices following the announcement of a 23% decline in Q1 2025 revenue, primarily due to reduced product sales as a major Canadian Navy project nears completion. Despite this, the company saw a 38% rise in service revenue, driven by increased demand for their Sub-Bottom Imager and Acoustic Corer services. The recent acquisition of 3D at Depth is expected to bolster their service capabilities. Analysts remain optimistic, highlighting strong naval defense market fundamentals and plans to expand manufacturing in Canada, though they express concerns over a high P/E ratio and inconsistent cash flow. This mixed performance is mirrored in the cautious momentum observed in the stock’s technical analysis.

More about Kraken Robotics Systems Inc

YTD Price Performance: -1.53%

Average Trading Volume: 674,978

Technical Sentiment Signal: Buy

Current Market Cap: C$659.6M

For further insights into PNG stock on TipRanks’ Stock Analysis page.

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