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Crown ElectroKinetics Corp. (NASDAQ: CRKN) Is Down -90.59 Percent Year-To-Date, But Analysts Anticipate A Price Rally

Crown ElectroKinetics Corp. (NASDAQ:CRKN) traded at $0.38 at close of the session on Tuesday, 09/20/22, made an upward move of 14.74% on its previous day’s price.

Looking at the stock we see that its previous close was $0.33 and the beta (5Y monthly) reads 0.14 with the day’s price range being $0.3368 – $0.6061. In terms of its 52-week price range, CRKN has a high of $4.48 and a low of $0.31. The company’s stock has lost about -45.61% over that past 30 days.

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Crown ElectroKinetics Corp. has a market cap of $6.35 million and is expected to release its quarterly earnings report on Feb 14, 2022 – Feb 18, 2022. Estimates by analysts give the company expected earnings per share (EPS) of $0, with the EPS growth for the year raised at $0.43 for 2023 and $1.24 for next year. These figures represent 130.30% and 188.40% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $7 million, with a low of $7 million and a high of $7 million.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the CRKN stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Crown ElectroKinetics Corp. (CRKN) stock as a Hold, while 0 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is -15.27% off its SMA20 and -46.26% from its 50-day simple moving average. The RSI (14) is pointing at 32.26 while the volatility over the past week is 30.03% and jumps to 21.27% over the past one month. The average price target for the stock over the next 12 months is $1.50, with the estimates having a low of $1.50 and a high of $1.50. These price ends are -294.74% and -294.74% off the current price level respectively, although investors could be excited at the prospect of a -294.74% if the CRKN share price touches on the median price of $1.50.

Coming back to Crown ElectroKinetics Corp. (NASDAQ:CRKN), we note that the average 3-month trading volume was 124.70K, while that of the preceding 10-day period stands at 3.19 million. Current shares outstanding are 16.42 million.

The insiders hold 55.13% of the company’s shares while institutions hold 24.00%. The data shows that short shares as of Jul 14, 2022, stood at 16210.0 at a short ratio of 0.97. This represents a 0.11% short interest in shares outstanding on Jul 14, 2022. Shares short fall in July from the previous month at 50200.0. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -90.59% down in year-to-date price movement.

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