Crown ElectroKinetics Corp. (NASDAQ:CRKN) finished Friday with an addition of $0.08 to close at $1.33, an upside of 6.40 percent. An average of 6,773,080 shares of common stock have been traded in the last five days. There was a fall of -$0.5100 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 3,350,872 shares traded, while the 50-day average volume stands at 1,399,399.
CRKN stock has decreased by -67.83% in the last month. The company shares reached their 1-month lowest point of $1.2200 on 08/24/23. With the stock rallying to its 52-week high on 01/04/23, shares of the company touched a low of $1.22 and a high of $40.86 in 52 weeks. It has reached a new high 2 times so far this year and lost -88.28% or -$10.0220 in price. In spite of this, the price is down -96.74% from the 52-week high.
Valuation Metrics
Crown ElectroKinetics Corp. (CRKN) stock’s beta is 1.16. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 90.82, the price-to-book (PB) ratio at 5.12.
Financial Health
The quick ratio of Crown ElectroKinetics Corp. for the three months ended December 30 was 0.30, and the current ratio was 0.30, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.61 for the quarter ending December 30.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Crown ElectroKinetics Corp.’s return on assets was -129.60%.
Earnings Surprise
The company posted a net income of -$2.42 million in the quarter, while revenues of -$2.18 million were shrunk -88.84%. The analyst consensus anticipated Crown ElectroKinetics Corp.’s latest quarter earnings to come in at -$0.28 per share, but it turned out to be -$0.11, a 60.70% surprise. For the quarter, EBITDA amounted to -$1.8 million. Shareholders own equity worth $8.45 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Crown ElectroKinetics Corp. (CRKN) price momentum. RSI 9-day as of the close on 25 August was 18.26%, suggesting the stock is oversold, with historical volatility in this time frame at 158.48%.
As of today, CRKN’s price is $1.4720 -27.72% or -$0.5100 from its 5-day moving average. CRKN is currently trading -68.33% lower than its 20-day SMA and -81.82% lower than its 100-day SMA. However, the stock’s current price level is -87.33% below the SMA50 and -91.13% below the SMA200.
The stochastic %K and %D were 2.30% and 2.84%, respectively, and the average true range (ATR) was 0.5172. With the 14-day stochastic at 4.42% and the average true range at 0.5523, the RSI (14) stands at 19.69%. The stock has reached -0.3290 on the 9-day MACD Oscillator while the 14-day reading was at -0.8852.
Analyst Ratings
The consensus rating for Crown ElectroKinetics Corp. (CRKN) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CRKN, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is CRKN’s price target for the next 12 months?
Analysts predict a range of price targets between $90.00 and $90.00, with a median target of $90.00. Taking a look at these predictions, the average price target given by analysts for Crown ElectroKinetics Corp. (CRKN) stock is $90.00.
