Kraken Robotics Inc V.PNG

Assessment

[retiredcf]

Kraken Robotics announced a bought deal of $25 M and then soon after, announced an upsize of the deal by $20M. The stock closed up at $1.80 with very large volume and has maintained that level for the last couple of days. When you see this type of event, what thoughts do you get about it and the stock?

The issue was upsized to $45M which is of course a sign of strong demand. The price action (new high) post-issue is also a positive sign. Market cap is now large enough to attract new investors, and any cutbacks in the deal may result in more future buying in the market by institutions. We like the outlook for PNG and it has displayed the ability to win some big name contracts. The company is also profitable with decent margins and small cash flows. More contract wins over the next few months will be a big positive. Anlayst estimates forecast revenue growth of 37% and 22% for 2024 and 2025. We would be comfortable owning this for a small cap growth-focused investor. (5iResearch)

[NLMoose]

Investors are now paying a short term price for it as Kraken Robotics shares are experiencing a rarity, a losing streak. Just a few weeks ago, Kraken Robotics shares were $1.84 a share, and things were looking good for meeting a $2.00 a share target. However, over the last few weeks, Kraken Robotics have been going down ever since they got a private placement as opposed to debt financing which

[ITSUP2ME]

the "run" is done....back to reality .95 - 1.25 range around he corner...GLTAL  

[ddogold]

Ah yes , didn't you predict a return to the .50 's when you last appeared ? It must sting to see how high our price has risen . Time for you to shuffle off . 

[McStockface]

Right on cue lol