Last Updated: 10 Nov 2024
Executive Summary
Crown Electrokinetics Corp. (CRKN) is a small-cap technology company that provides computer programming and data processing services. The company has a market capitalization of $7.17 million and trades on the NASDAQ exchange. CRKN's stock price has been volatile in recent years, but it has outperformed the broader market over the past year.
Company Overview
Crown Electrokinetics Corp. was founded in 1989 and is headquartered in Corvallis, Oregon. The company provides a range of services, including software development, data analytics, and cloud computing. CRKN's customers include businesses of all sizes, as well as government agencies and non-profit organizations.
Fundamental Analysis
CRKN's financial performance has been mixed in recent years. The company has reported losses in each of the past three years, but its revenue has grown significantly. In 2023, CRKN reported revenue of $5.42 million, up 124.62% from the previous year. The company's gross profit margin was negative 9.6%, and its operating margin was -1.056%.
CRKN's financial ratios are also mixed. The company has a trailing price-to-earnings (PE) ratio of 0.0003, which is well below the industry average. However, CRKN's forward PE ratio is 7.75, which is above the industry average. The company's price-to-sales (PS) ratio is 1.322, which is in line with the industry average.
Technical Analysis
CRKN's stock price has been volatile in recent years. The stock reached a 52-week high of $42 in January 2023, but it has since fallen to $0.95. The stock's 50-day moving average is $1.231, and its 200-day moving average is $7.38.
Short Term Outlook
CRKN's stock price is currently trading below its 50-day and 200-day moving averages. This indicates that the stock is in a downtrend. The stock's technical indicators are also bearish. The relative strength index (RSI) is below 30, which indicates that the stock is oversold. The moving average convergence divergence (MACD) is also below zero, which indicates that the stock is in a downtrend.
Long Term Outlook
CRKN's long-term outlook is uncertain. The company's financial performance has been mixed in recent years, and its stock price has been volatile. However, CRKN's revenue has grown significantly in recent years, and the company has a strong customer base. If CRKN can continue to grow its revenue and improve its profitability, the stock could have upside potential in the long term.
Analyst Recommendations
The majority of analysts who cover CRKN have a hold rating on the stock. The average analyst target price is $11.00.
