Introduction
Stock market news finds that markets are volatile. Stock prices fluctuate depending on internal environment of company or on external environment like government policies .Volatility means the uncertainity or risk related to the size of changes in a security’s value. High volatility means that security’s value can change over a large range of values. This means that the price of the security can move in either direction over a short period of time.A lower volatility means that the price of the security does not fluctuate and is more stable. For instance , GE stock (General Electric) price has been steadily increasing, reaching $169.81 on the latest trading day.
Crown Electrokinetics corp.
Crown Electrokinetics Corp. develops and sells optical switching films in the United States. DynamicTint technology allows for a transition between clear and dark in seconds. This technology can be applied to a wide array of windows, including commercial buildings, automotive sunroofs, and residential skylights and windows. Crown ElectroKinetics Corp. incorporated in 2015 and is headquartered in Corvallis, Oregon. Its shares are listed on NASDAQ under the ticker CRKN.
CRKN share performance
Crown ElectroKinetics’ stock was trading at $22.1250 on January 1st, 2024. Since then, CRKN shares have decreased by 92.1% and is now trading at $1.75. The stocks have been declining
CRKN stock has fallen by −15.87% compared to the previous week, the month change is a −54.31% fall, over the last year Crown Electrokinetics Corp. has showed a −99.45% decrease.CRKN stock is 9.25% volatile and has beta coefficient of 4.74.CRKN doesn’t pay any dividends to its shareholders
What is stock split?
A stock split means that the company has increased it number of outstanding shares of stock.This rises the stock’s liquidity. It does not change the shareholder’s equity. Companies split a share of their stock to make them more affordable to the shareholders.
What does a reverse stock split mean?
A reverse stock split, as opposed to a stock split, is a reduction in the number of a company’s outstanding shares in the market. It is typically based on a predetermined ratio. For example, a 2:1 reverse stock split would mean that an investor would receive 1 share for every 2 shares that they currently own.
CRKN ‘s strategy to handle market volatility
CRKN has announced a plan that saves its name on the NASDAQ listing. It has met the minimum bid price requirement maintaining its status on the NASDAQ. It has announced a 1:150 reverse stock split to maintain its name on the NASDAQ listing. Crown’s Fiber Optics division is experiencing robust growth, with ongoing projects in Nevada, Idaho, Oregon, Arizona, and Florida.
CRKN also reports that it is expanding in Oregon with four new customers. It is in talks with a potential partner to handle projects in Portland, Phoenix, and Las Vegas. These developments are for two of the largest cable and telecommunications operators in the country.
The company forecasts second-quarter revenue to be between $3.5 million and $4 million. With third-quarter revenues projected between $7 million and $8 million.
With all these plans crkn is managing market volatility of its stock .
FAQS
1. What is the company’s growth strategy?
Crown Electrokinetics aims to expand its market reach through partnerships, scaling production capabilities, and entering new geographic and industry markets.
2. Does Crown Electrokinetics pay a dividend?
As of now, Crown Electrokinetics does not pay a dividend. The company generally reinvests earnings into its growth and development initiatives.
3. What is the company’s competitive advantage?
Crown Electrokinetics proprietary electrokinetic technology gives the company a competitive advantage, offering superior performance and flexibility compared to traditional smart glass solutions.’