Kratos Defense falls about 2% on Monday profit-taking
Kratos Defense & Security Solutions traded about 2% lower Monday as investors took profits after a recent rebound, with no clear company-specific catalyst cited.
Kratos Defense & Security Solutions Inc. (NASDAQ: KTOS ) stock traded about 2% lower Monday as investors took profits following a recent rebound. 12%. 13%.
Kratos had no clear company-specific catalyst driving Monday’s decline. Instead, the move appeared to reflect profit-taking after the stock’s recent rally. S. military designation F143-ZZ-100.
S. Air Force engineering, manufacturing and development contract. The GEK800 will serve as a second-source propulsion system for the Joint Air-to-Surface Standoff Missile, or JASSM. The companies are developing small, lower-cost turbofan engines for cruise missiles, collaborative combat aircraft and other uncrewed aerial vehicles.
The GEK800 is an 800-pound-thrust turbofan. Technical Analysis Kratos remains well above its short-term moving averages. 74. 52.
That suggests the longer-term recovery remains incomplete. Momentum has improved. The MACD is above its signal line, while the histogram is positive. Still, the 50-day SMA remains below the 200-day SMA following an April death cross.
Traders may watch $67 as near-term resistance. 50. 9, reflecting a premium valuation. 14.
Truist Securities maintained a Buy rating but lowered its price forecast to $104 on Aug. 13. Canaccord Genuity maintained a Buy rating and raised its forecast to $135 on Aug. 6.
Stifel also maintained a Buy rating while lowering its forecast to $115 on Aug. 6. 83. 07, according to the Edge Stock Rankings.
The scores point to strong growth characteristics but weaker momentum and value metrics. ETF Exposure Kratos is held by several exchange-traded funds. 43% weighting in the stock. 36% weighting.
As a result, meaningful inflows or outflows from these funds can add buying or selling pressure to Kratos shares. 25 at the time of publication Monday, according to Pro data. Photo via Shutterstock Read Also: Trump’s New Drone Tariffs Shield US Makers From Foreign Rivals, Sending Defense Giants Kratos and AeroVironment Higher With Small-Caps Red Cat, Ondas