Q: So, another question on Kraken Robotics.
Stock has shed over 35% of its value from recent high of $10.73 and now testing 200 day MA of $6.52. Do you still believe this continuing downtrend as a simple Consolidation process ? Would you be concerned and inclined to act, one way or the other, as a Portfolio Manager, with a full 4-5% position ?
It is ironic to witness the deterioration in momentum and Market Cap of Kraken, while , during the same period, Anduril ( Kraken's major customer ) just completed another round of $5 Bln financing, lifting its market valuation (private market) to $60 Billion.
What are we missing ?
Thank You
Stock has shed over 35% of its value from recent high of $10.73 and now testing 200 day MA of $6.52. Do you still believe this continuing downtrend as a simple Consolidation process ? Would you be concerned and inclined to act, one way or the other, as a Portfolio Manager, with a full 4-5% position ?
It is ironic to witness the deterioration in momentum and Market Cap of Kraken, while , during the same period, Anduril ( Kraken's major customer ) just completed another round of $5 Bln financing, lifting its market valuation (private market) to $60 Billion.
What are we missing ?
Thank You