Katapult (NASDAQ:KPLT) Announces Earnings Results

Katapult (NASDAQ:KPLT) issued its quarterly earnings results on Wednesday. The company reported ($2.05) EPS for the quarter, RTT News reports. The company had revenue of $60.31 million for the quarter. During the same quarter in the prior year, the business posted ($0.71) EPS. Katapult updated its Q4 2024 guidance to EPS and its FY 2024 guidance to EPS.

Katapult Stock Down 4.8 %

KPLT stock traded down $0.35 during trading on Thursday, hitting $7.11. The company had a trading volume of 16,713 shares, compared to its average volume of 24,381. The firm has a market capitalization of $29.62 million, a P/E ratio of -0.91 and a beta of 1.72. The company has a 50 day simple moving average of $9.99 and a 200-day simple moving average of $14.11. Katapult has a 52-week low of $7.06 and a 52-week high of $23.54.

Wall Street Analysts Forecast Growth

KPLT has been the subject of several recent analyst reports. Cantor Fitzgerald upgraded Katapult to a “hold” rating in a research report on Thursday, October 3rd. Loop Capital dropped their price objective on Katapult from $20.00 to $15.00 and set a “hold” rating for the company in a report on Thursday, August 15th.

About Katapult

Katapult Holdings, Inc, an e-commerce focused financial technology company, provides e-commerce point-of-sale lease-purchase options for nonprime consumers in the United States. The company's technology platform provides nonprime consumers with a lease purchase option to enable them to obtain durable goods from its network of e-commerce retailers.