Crown ElectroKinetics Corp (NASDAQ:CRKN) saw an upside of 26.14% to close Tuesday at $0.75 after adding $0.16 on the day. The 5-day average trading volume is 1,260,700 shares of the company’s common stock. It has gained $0.7750 in the past week and touched a new high 2 times within the past 5 days. An average of 2,541,370 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,395,485.
CRKN’s 1-month performance is -43.98% or -$0.5849 on its low of $0.5600 reached on 09/25/23. The company’s shares have touched a 52-week low of $0.56 and high of $36.00, with the stock’s rally to the 52-week high happening on 01/04/23. YTD, CRKN has lost -93.44% or -$10.6069 and has reached a new high 2 times. However, the current price is down -97.93% from the 52-week high price.
Valuation Metrics
CRKN stock has a beta of 1.19. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 37.50 while the price-to-book (PB) in the most recent quarter is 0.17.
Crown ElectroKinetics Corp’s quick ratio for the period ended December 30 was 0.11, with the current ratio over the same period at 0.11. As well, the company’s long term debt to equity for the quarter ending December 30 was 0.08, while the total debt to equity was 0.58.. In terms of profitability, the gross margin trailing 12 months is -3279.66%.
Earnings Surprise
For the quarterly period ending December 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 69.36% to -$14.62 million, while revenue of -$2.42 million was 83.45% 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 -$1.74 million. CRKN stock balance sheet for the quarter ending December 30 shows that total liabilities totaled 7.59 million, with total debt at $2.64 million. Shareholders hold equity totaling $3.02 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 26 September was 35.63% to suggest the stock is trending Neutral, with historical volatility in this time period at 163.93%.
The stock’s 5-day moving average is $0.6541, reflecting a -0.92% or -$0.0069 change from its current price. CRKN is currently trading -38.42% above its 20-day SMA, -91.40% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -85.82% and SMA200 by-91.72%.
Stochastic %K and %D was 13.52% and 6.15% and the average true range (ATR) pointed at 0.1434. The RSI (14) points at 27.30%, while the 14-day stochastic is at 33.65% with the period’s ATR at 0.2066. The stock’s 9-day MACD Oscillator is pointing at -0.0764 and -0.1143 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.
