Nauticus Robotics and Shell have recently announced their partnership in providing inspection services for a Shell subsea field development in the Gulf of Mexico. The collaboration began with the signing of a service contract, which includes the initial scope of work for conducting inspections on the subsea field.
The primary workforce for this venture is Nauticus Robotics’ autonomous subsea robot called Aquanaut. Aquanaut is a highly advanced robot capable of carrying out both noncontact and contact inspections across a complex subsea environment, without the need for an umbilical connection. To ensure safe operations, a remote pilot will work together with Aquanaut using Nauticus’ cutting-edge acoustic communications link.
The specific financial details of the contract have not been disclosed; however, both Nauticus Robotics and Shell are committed to the success of their collaboration. They aim to efficiently execute the inspection services required for the subsea field development.
In other news, KITT stock showed varying movements on September 14, 2023. At market close, KITT stock was valued at $2.03. The stock opened at $2.25 and reached a range of $1.86 to $2.32 throughout the trading session. A total of 267,643 shares were traded on that day.
KITT’s earnings growth last year was negative, but this year, the company has shown a significant rebound with earnings growth of 31.25%. The price-to-earnings (P/E) ratio for KITT stock is listed as NM (not meaningful), and the price-to-sales ratio is reported as 6.21. The company’s next financial report is scheduled for November 13, 2023, and the forecast for earnings per share (EPS) for this quarter is -$0.14.
Nauticus Robotics Inc’s stock performance on September 14, 2023, indicated positive sentiment among analysts. Based on price forecasts from three analysts, the median target for the stock was 3.40, indicating a potential increase of 77.08%. The current consensus among investment analysts is to buy stock in Nauticus Robotics Inc.
It is important to note that these forecasts and ratings are subject to change, and investors should conduct further research and analysis before making any investment decisions.
– Shell and Nauticus Robotics Seal Service Contract – [Source Title]
– KITT Stock Performance on September 14, 2023 – [Source Title]
– Nauticus Robotics Inc’s Stock Performance Shows Positive Sentiment Among Analysts – [Source Title]