The stock of Crown ElectroKinetics Corp. (NASDAQ:CRKN) decreased by -$0.01 on Friday to finish at $0.05, down -7.94 percent. The last five days have seen an average of 8,637,070 shares of common stock traded. 2 times new highs were reached in the current year, with a fall of -$0.1353. The average number of shares traded over the last 20 days was 13,702,503, while the average volume over the last 50 days totaled 10,050,401.
CRKN stock dropped -33.37% since last month. On 08/07/23, the company’s shares reached a one-month low of $0.0516. The stock touched a high of $0.83 on 01/04/23, after rallying from a low of $0.05 in 52 weeks. The price of CRKN stock has declined by -71.83% or -$0.1353 this year, reaching a new high 2 times. Still, the stock price is down -93.58% from the 52-week high.
Valuation Metrics
Beta for the stock is 0.86. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 208.86, the price-to-book (PB) ratio of 0.21.
Financial Health
For the three months ended December 30, Crown ElectroKinetics Corp.’s quick ratio was 0.30, while its current ratio was 0.30, indicating its inability to pay off its debt.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CRKN’s return on assets (ROA) during the last 12 months has been -129.60%. In the meantime, the return on equity (ROE) for the last 12 months was -354.80%.
Earnings Surprise
According to Crown ElectroKinetics Corp.’s quarterly financial report for the quarter that ended December 30. Net income for the quarter came in at $20000.0, while revenues rose by 100.0% to $0.0. It was predicted that Crown ElectroKinetics Corp.’s quarterly earnings would be -$0.11, but it ended up being -$0.28, beating the consensus by 60.70%. EBITDA was -$1.8 million for the quarter. At the end of Crown ElectroKinetics Corp.’s most recent quarter ended December 30, its liabilities totaled 10.22 million, while its total debt was $3.33 million. Equity owned by shareholders amounts to $50.71 million.
Technical Picture
Here’s a quick look at Crown ElectroKinetics Corp.’s (CRKN) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 25.20%, suggesting the stock is oversold, with a 85.23% historical volatility rate.
The stochastic %K and %D were 9.72% and 9.76% respectively, while the average true range (ATR) was 0.0081. Based on the 14-day stochastic reading of 5.32%, the RSI (14) reading is 25.80%. On the 9-day MACD Oscillator, the stock is at -0.0001.
Analyst Ratings
Analysts have assigned Crown ElectroKinetics Corp. (CRKN) an Hold rating. CRKN is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is CRKN’s price target for the next 12 months?
The current consensus forecast for the stock is between $1.50 and $1.50, with a median target price of $1.50. In analyzing these forecasts, the average price target given by analysts for Crown ElectroKinetics Corp. (CRKN) is $1.50.
