Major Stakeholder Sells Off Millions in Nauticus Robotics Stock!
Transocean Ltd., a former 10% owner, sold 2,144,295 shares of Nauticus Robotics (KITT) for $2,161,720, significantly altering the ownership landscape. Nauticus Robotics is undergoing financial restructuring to address challenges like negative profitability and high leverage. Despite strategic advancements, the company faces bearish technical sentiment and unattractive valuation metrics, leading analysts to maintain a 'Sell' rating. The stock's YTD price performance is -88.82%, with a market cap of $9.91M.