Crown electrokinetics stock price predictions 2025
11/11/2024 05:31am
**Crown Electrokinetics' stock price for 2025 is expected to increase significantly.** Here's a detailed analysis based on various forecasts and indicators:
1. **Average Price Target**: The average price target for Crown Electrokinetics (CRKN) in 2025 is $1.4523, with a high prediction of $2.4241 and a low estimate of $0.4804. This average price target indicates a substantial upside potential from the current price of $0.95.
2. **Price Forecast**: According to a forecast, CRKN is expected to trade in a price channel between $1.196214 and $1.230094 in 2025. This suggests that the stock price will likely increase from its current price but may not reach the higher end of the predicted range.
3. **Earnings and Revenue Forecast**: The company's estimated revenue for 2024 is $22 million, and the fourth quarter is expected to generate $9 million. With the company's strategic pipeline division securing contracts valued at $33 million for lead pipe remediation, there is potential for increased revenue in the future, which could positively impact the stock price.
4. **Equity Line of Credit Suspension**: Crown Electrokinetics has suspended its equity line of credit, which could be a strategic move to conserve capital and focus on more profitable projects. This decision could be perceived positively by the market if it leads to improved financial performance.
5. **Technical Indicators**: The Fear & Greed Index is currently at 39 (Fear), indicating a bearish sentiment. However, the 50-Day SMA is $1.21644, and the 200-Day SMA is $1.03797, which suggest that the stock has a historical average price level below the current price, potentially indicating an upward trend.
6. **Analyst Ratings**: There is no available data on the number of strong buy ratings for CRKN in 2025, but the absence of negative ratings and the average one-year price target increase from various analysts suggest a positive outlook.
In conclusion, while there are no specific short-term indicators pointing to an immediate price increase, the combination of the average price target, earnings and revenue forecasts, and the suspension of the equity line of credit, along with the historical price indicators, support the notion that Crown Electrokinetics' stock price is likely to rise in 2025. Investors should consider these factors along with market conditions and company performance when making investment decisions.