Crown ElectroKinetics Corp. (NASDAQ:CRKN) saw an upside of 1.18% to close Tuesday at $1.71 after adding $0.02 on the day. The 5-day average trading volume is 5,979,060 shares of the company’s common stock. It has gained $2.3600 in the past week and touched a new high 2 times within the past 5 days. An average of 1,785,701 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 780,406.
CRKN’s 1-month performance is -64.24% or -$3.3300 on its low of $1.5800 reached on 08/17/23. The company’s shares have touched a 52-week low of $1.58 and high of $40.86, with the stock’s rally to the 52-week high happening on 01/04/23. YTD, CRKN has lost -84.94% or -$9.6420 and has reached a new high 2 times. However, the current price is down -95.81% from the 52-week high price.
Valuation Metrics
CRKN stock has a beta of 1.08. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 116.77 while the price-to-book (PB) in the most recent quarter is 6.58.
Crown ElectroKinetics Corp.’s quick ratio for the period ended December 30 was 0.30, with the current ratio over the same period at 0.30.
Earnings Surprise
For the quarterly period ending December 30 this year, Net income shrunk -88.84% to -$2.42 million, while revenue of -$2.18 million was 9.92% off the previous quarter. Analysts expected CRKN to announce -$0.28 per share in earnings in its latest quarter, but it posted -$0.11, representing a 60.70% surprise. EBITDA for the quarter stood at more than -$1.8 million. CRKN stock balance sheet for the quarter ending December 30 shows that total liabilities totaled 10.22 million, with total debt at $3.33 million. Shareholders hold equity totaling $8.45 million.
Let’s look briefly at Crown ElectroKinetics Corp. (CRKN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 18.50% to suggest the stock is trending oversold, with historical volatility in this time period at 177.94%.
The stock’s 5-day moving average is $1.7410, reflecting a -21.42% or -$0.4660 change from its current price. CRKN is currently trading -60.25% above its 20-day SMA, -79.79% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -80.97% and SMA200 by-88.13%.
Stochastic %K and %D was 5.04% and 4.18% and the average true range (ATR) pointed at 0.5033. The RSI (14) points at 20.27%, while the 14-day stochastic is at 6.11% with the period’s ATR at 0.5550. The stock’s 9-day MACD Oscillator is pointing at -0.5097 and -0.8820 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for CRKN stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate CRKN as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is CRKN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $90.00 and a high of $90.00, with their median price target at $90.00. Looking at these predictions, the average price target given by analysts is for Crown ElectroKinetics Corp. (CRKN) stock is $90.00.
