As of Thursday close, Crown ElectroKinetics Corp.’s (NASDAQ:CRKN) stock was down -$0.09, moving down -12.52 percent to $0.63. The average number of shares traded per day over the past five days has been 1,668,160 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.1396 fall in that time frame. In the last twenty days, the average volume was 3,932,655, while in the previous 50 days, it was 2,321,318.
Since last month, CRKN stock retreated -63.22%. Shares of the company fell to $0.6105 on 09/21/23, the lowest level in the past month. A 52-week high of $36.00 was reached on 01/04/23 after having rallying from a 52-week low of $0.71. Since the beginning of this year, CRKN’s stock price has dropped by -94.46% or -$10.7230, and marked a new high 2 times. However, the stock has declined by -98.25% since its 52-week high.
Valuation Metrics
The stock’s beta is 1.11. Besides these, the trailing price-to-sales (P/S) ratio of 29.53, the price-to-book (PB) ratio of 0.11.
Financial Health
In the three months ended December 30, Crown ElectroKinetics Corp.’s quick ratio stood at 0.10, while its current ratio was 0.10, showing that the company is not able to pay off its debt.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CRKN’s revenue rose 100.0% during the quarter, while net income inched up to $40000.0. While analysts expected Crown ElectroKinetics Corp. to report -$0.28 quarterly earnings, the actual figure was -$0.11 per share, beating the consensus estimate by 60.70%. During the quarter, the company generated -$1.74 million in EBITDA. The liabilities of Crown ElectroKinetics Corp. were 7.59 million at the end of its most recent quarter ended December 30, and its total debt was $2.64 million. The value of shareholders’ equity is $3.02 million.
Technical Picture
This quick technical analysis looks at Crown ElectroKinetics Corp.’s (CRKN) price momentum. With a historical volatility rate of 95.04%, the RSI 9-day stood at 16.20% on 21 September.
With respect to its five-day moving average, the current Crown ElectroKinetics Corp. price is down by -18.16% percent or -$0.1396. At present, CRKN shares trade -54.42% below its 20-day simple moving average and -93.45% percent below its 100-day simple moving average. However, the stock is currently trading approximately -88.64% below its SMA50 and -94.55% below its SMA200.
Stochastic coefficient K was 2.18% and Stochastic coefficient D was 6.49%, while ATR was 0.1597. Given the Stochastic reading of 2.31% for the 14-day period, the RSI (14) reading has been calculated as 17.98%. As of today, the MACD Oscillator reading stands at -0.0734, while the 14-day reading stands at -0.1679.
Analyst Ratings
Crown ElectroKinetics Corp. (CRKN) has been rated Hold by analysts. According to 0 brokerage firms, CRKN is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Crown ElectroKinetics Corp. stock as buy, with 0 recommending it as overweight.
With a median target price of $90.00, the current consensus forecast for the stock is $90.00 – $90.00. Based on these forecasts, analysts predict Crown ElectroKinetics Corp. (CRKN) will achieve an average price target of $90.00.
