Nauticus Robotics (NASDAQ:KITT) Shares to Reverse Split on Tuesday, July 23rd

Nauticus Robotics, Inc. (NASDAQ:KITT)’s stock is set to reverse split on the morning of Tuesday, July 23rd. The 1-36 reverse split was announced on Tuesday, July 23rd. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, July 23rd.

Nauticus Robotics Price Performance

Shares of NASDAQ:KITT traded down $0.04 during midday trading on Friday, reaching $0.09. 27,881,557 shares of the company’s stock were exchanged, compared to its average volume of 16,322,809. Nauticus Robotics has a fifty-two week low of $0.09 and a fifty-two week high of $2.32. The stock has a market cap of $5.82 million, a price-to-earnings ratio of -0.07 and a beta of 0.08. The firm’s 50 day simple moving average is $0.15 and its two-hundred day simple moving average is $0.25.

Nauticus Robotics (NASDAQ:KITT) last announced its quarterly earnings results on Monday, May 13th. The company reported ($0.23) earnings per share for the quarter. The business had revenue of $0.46 million for the quarter.

About Nauticus Robotics

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.