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Bullboard - Stock Discussion Forum Kraken Robotics Inc V.PNG

Alternate Symbol(s):  KRKNF

Kraken Robotics Inc. is a Canada-based marine technology company providing complex subsea sensors, batteries, and robotic systems. The Company’s high-resolution three-dimensional (3D) acoustic imaging solutions and services enable clients to overcome the challenges in oceans. The Company operates through two segments: Products and Services. The Products segment is engaged in the design... see more

TSXV:PNG - Post Discussion

Kraken Robotics Inc > What Happened To Kraken Robotics Shares?
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Post by NLMoose on Aug 23, 2024 2:38pm

What Happened To Kraken Robotics Shares?

Kraken Roboitcs shares looked very promising this morning as it was trading at nearly $1.60 a share, but has now plunged below $1.50 a share to $1.48 a share for no reason.

That's a decline of 11-12 cents a share from its peak price today.

With a big backlog of orders for their batteries and robotics equipment at over $1 billion, I was hoping for Kraken Robotics shares to go up over $1.60 a share, not below a $1.50 a share.

What went wrong for Kraken Roboitcs?

Let's hope the stock bounces back into its new optimal price from Labour Day weekend and into the fall.

In other words, Kraken should be going up not down.

Comment by ranman on Aug 23, 2024 2:58pm
Look at the chart. You'd be crazy not to take some of the table. I know, I'm guilty of being greedy.  Kinda hoping I can buy it back next week or two. I'm no expert but I had to lighten up. Sold a bit at $1.55 this morning.
Comment by SNgu8000 on Aug 23, 2024 3:58pm
Beacon updated PT to $2.00 from $1.60  Canaccord .........PT to $1.75  Cormark..............PT to $2.0 . Where was The WOFL from OCKVVILE  ??? Is he sleeping or What ??? He should give PNG 4.5 STAR RATING ???Possible-Not Idiot , can we bribe WOFL to get to 5 STAR ??????
Comment by Possibleidiot01 on Aug 23, 2024 4:30pm
Wolf's been in Scotland , got back this week according to a post at Well Health. The highest rating I've seen him give is a 4.5. Nice to know the targets :) Still conservative IMO.
Comment by ddogold on Aug 24, 2024 1:22pm
Yah none of them are going too far out on a limb with those P.T.s . Next up should be another new contract announcement . 
Comment by WolfOakville on Aug 24, 2024 6:54pm
It's up 140% YTD. Stocks don't go straight up everyday. Relax. 
Comment by SNgu8000 on Aug 25, 2024 6:49pm
I hoped and guessed next couple quarters for PNG beat in revenue , earnings ...... then WolfOakville " RUN OUT of STARS " ..... According to SEEKING ALPHA ARTICLE : Risk/Reward was 1 to 4 ? Good bet ??? And PNG had MOAT = Warren Buffet love this .
Comment by WolfOakville on Aug 26, 2024 5:55pm
What? LOL Ran out of stars? What does that even mean? One of my picks of the year was rated too low for you?
Comment by SNgu8000 on Aug 26, 2024 6:52pm
Did I " tickle " you WOLF ?? HaHa . PossibleNotIdiot had posted that he hadn't seen you given out more than 4.5 stars so I wonder if ( of course Big IF ) CEO Reid had said " only second innings " then next two or three quarters PNG hit few homerun as Seeking Alpha had suggested then I think you would " run out " of star . Of course I m bias when I owned shares and ...more  
Comment by ddogold on Aug 26, 2024 10:02am
Too much screech . lol