KRNL - Kernel Group Holdings, Inc. Stock Price, Fair Value and News

10.95USD+0.03 (+0.27%)Market Closed

Market Summary

USD10.95+0.03

Market Closed

0.27%

KRNL Stock Price

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KRNL RSI Chart

KRNL Valuation

Market Cap

89.0M

Price/Earnings (Trailing)

-15.8

Price/Sales (Trailing)

741.69

Price/Free Cashflow

-95.92

KRNL Price/Sales (Trailing)

KRNL Profitability

Return on Equity

60.81%

Return on Assets

-99.6%

Free Cashflow Yield

-1.04%

KRNL Fundamentals

KRNL Revenue

Revenue (TTM)

120.0K

KRNL Earnings

Earnings (TTM)

-5.6M

Earnings Growth (Yr)

69.92%

Earnings Growth (Qtr)

-195.14%

Breaking Down KRNL Revenue

Last 7 days

1.4%

Last 30 days

0.1%

Last 90 days

1.5%

Trailing 12 Months

5.7%

How does KRNL drawdown profile look like?

KRNL Financial Health

Current Ratio

0.01

KRNL Investor Care

Buy Backs (1Y)

63.42%

Diluted EPS (TTM)

-0.24

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3
2024	120.0K	0	0
2023	120.0K	120.0K	120.0K
2022	0	0	0

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Tracking the Latest Insider Buys and Sells of Kernel Group Holdings, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Jun 28, 2023	owl creek asset management, l.p.	sold	-891,650	10.49	-85,000	-
Jun 09, 2023	owl creek asset management, l.p.	sold	-1,165,180	10.45	-111,500	-

Which funds bought or sold KRNL recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 17, 2024	Shaolin Capital Management LLC	sold off	-100	-2,470,200	-	-%
May 17, 2024	Shaolin Capital Management LLC	unchanged	-	4,716	10,004	-%
May 16, 2024	JANE STREET GROUP, LLC	sold off	-100	-1,907	-	-%
May 16, 2024	Ancora Advisors LLC	unchanged	-	679	1,075	-%
May 15, 2024	Walleye Capital LLC	unchanged	-	1,408	1,513,340	-%
May 15, 2024	Sculptor Capital LP	unchanged	-	9,845	15,968	-%
May 15, 2024	Westchester Capital Management, LLC	sold off	-100	-3,353,870	-	-%
May 15, 2024	BOOTHBAY FUND MANAGEMENT, LLC	unchanged	-	279	298,958	0.01%
May 15, 2024	LMR Partners LLP	unchanged	-	3,308	7,018	-%
May 15, 2024	Exos Asset Management LLC	new	-	6,369	6,369	-%

Are Funds Buying or Selling KRNL?

Are funds buying KRNL calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own KRNL

No. of Funds

Unveiling Kernel Group Holdings, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Mar 07, 2024	first trust capital management l.p.	0%	0	SC 13G/A
Feb 21, 2024	wolverine asset management llc	30%	1,523	SC 13G/A
Feb 14, 2024	antara capital lp	7.2%	452,224	SC 13G
Feb 14, 2024	first trust capital management l.p.	8.26%	521,933	SC 13G
Feb 14, 2024	glazer capital, llc	3.12%	197,154	SC 13G/A
Feb 14, 2024	fir tree capital management lp	7.27%	459,482	SC 13G/A
Feb 13, 2024	mizuho financial group inc	8.55%	540,110	SC 13G
Feb 12, 2024	lmr partners llp	0%	0	SC 13G
Feb 12, 2024	aristeia capital, l.l.c.	0.00%	0	SC 13G/A
Feb 09, 2024	wolverine asset management llc	7.46%	470,930	SC 13G

Recent SEC filings of Kernel Group Holdings, Inc.

View All Filings

Date Filed	Form Type	Document
May 14, 2024	10-Q	Quarterly Report
May 03, 2024	8-K	Current Report
May 03, 2024	8-K	Current Report
Apr 23, 2024	8-K	Current Report
Apr 05, 2024	8-K	Current Report
Mar 12, 2024	10-K	Annual Report
Mar 07, 2024	SC 13G/A	Major Ownership Report
Mar 05, 2024	8-K	Current Report
Feb 21, 2024	SC 13G/A	Major Ownership Report
Feb 14, 2024	SC 13G	Major Ownership Report

Kernel Group Holdings, Inc. News

Latest updates

Kernel Group Holdings, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)							(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q3	2023Q2	2023Q1	2022Q3	2022Q2	2022Q1
Revenue	0%	30.00	30.00	30.00	30.00	30.00	30.00	30.00
Operating Expenses	-	-	-	240	919	-	184	350
S&GA Expenses	-100.0%	-	579	-	-	249	184	350
Interest Expenses	-100.0%	-	1.00	2.00	-	-	-	-
Net Income	-538.4%	-820	187	-5,862	-2,728	2,298	4,297	6,124
Net Income Margin	-3.1%	-46.95*	-45.56*	-27.97*	56.69*	-	-	-
Free Cashflow	-16.6%	-307	-263	-9.06	-837	-54.29	-126	-111

Balance Sheet

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Balance Sheet															(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2021Q1	2020Q4
Assets	-91.7%	5,656	67,848	66,677	79,352	78,837	309,370	306,875	305,672	305,490	305,685	305,891	306,083	306,409	306,627	-
Current Assets	231.0%	93.00	28.00	46.00	201	586	135	272	447	698	919	1,129	1,326	1,655	-	7.00
Cash Equivalents	0%	804*	804*	804*	804*	6.00	93.00	113	167	293	475	568	619	854	-	-
Liabilities	13.5%	9,457	8,330	14,512	13,692	18,000	13,809	14,251	15,346	19,461	25,779	25,745	36,705	48,446	48,658	-
Current Liabilities	8.3%	8,498	7,850	13,073	10,814	4,455	2,968	2,865	2,761	2,798	2,640	926	852	120	157	329
Shareholder's Equity	-13.0%	-9,264	-8,201	-	-	17,315	-13,573	-	-	-	-	-	5,000	5,000	-	2.00
Retained Earnings	-13.0%	-9,265	-8,202	-14,367	-13,391	-17,315	-13,574	-13,880	-14,800	-18,721	-24,845	-24,604	-35,372	-46,788	-46,782	-23.11
Additional Paid-In Capital	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24.00
Shares Outstanding	-	-	-	-	-	15,066	-	-	-	38,094	-	-	-	-	-	-
Float	-	-	-	-	80,000	-	-	-	299,300	-	-	-	295,912	-	-	-

Cashflow (Last 12 Months)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)														(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4
Cashflow From Operations	11.7%	-307	-348	-263	-9.06	-837	-19.48	-54.29	-126	-111	-93.09	-50.90	-209	-1,221	-
Cashflow From Investing	14006.0%	62,577	-450	13,082	-900	231,943	-	-	-	-	-	-	-	-304,750	-
Cashflow From Financing	-7902.7%	-62,269	798	-12,818	904	-231,192	-	-	-	-70.00	-	-	-25.48	306,826	-

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KRNL Income Statement

2024-03-31

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
General and administrative expenses	$ 427,852	$ 919,365
Administrative fees - related party	30,000	30,000
Loss from operations	(457,852)	(949,365)
Other income (expense):
Unrealized loss from change in fair value of warrant liabilities	(479,750)	(2,704,146)
Income from cash and investments held in Trust Account	321,077	959,464
Interest expense - amortization of debt discount	(204,028)	(32,404)
Interest expense		(1,830)
Total other income (expense), net	(362,701)	(1,778,916)
Net loss	$ (820,553)	$ (2,728,281)
Common Class A [Member]
Other income (expense):
Basic weighted average shares outstanding	2,551,225	17,781,598
Diluted weighted average shares outstanding	2,551,225	17,781,598
Basic net income (loss) per share	$ (0.08)	$ (0.11)
Diluted net income (loss) per share	$ (0.08)	$ (0.11)
Common Class B [Member]
Other income (expense):
Basic weighted average shares outstanding	7,618,750	7,618,750
Diluted weighted average shares outstanding	7,618,750	7,618,750
Basic net income (loss) per share	$ (0.08)	$ (0.11)
Diluted net income (loss) per share	$ (0.08)	$ (0.11)

KRNL Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash	$ 804	$ 804
Prepaid expenses	91,709	27,148
Total current assets	92,513	27,952
Cash and investments held in Trust Account	5,563,640	67,819,662
Total Assets	5,656,153	67,847,614
Current liabilities:
Accounts payable	3,931,193	3,729,095
Accrued expenses and other current liabilities	33,670	50,615
Convertible promissory notes, net of discount	1,790,346	1,565,113
Total current liabilities	8,497,837	7,850,191
Warrant liabilities	959,500	479,750
Total Liabilities	9,457,337	8,329,941
Commitments and Contingencies
Class A ordinary shares subject to possible redemption, $0.0001 par value; 509,341 and 6,315,949 shares issued and outstanding at approximately $10.73 and $10.72 per share redemption value as of March 31, 2024 and December 31, 2023, respectively	5,463,640	67,719,662
Shareholders’ Deficit:
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding as of March 31, 2024 and December 31, 2023
Additional paid-in capital
Accumulated deficit	(9,265,586)	(8,202,751)
Total Shareholders’ Deficit	(9,264,824)	(8,201,989)
Total Liabilities and Shareholders’ Deficit	5,656,153	67,847,614
Common Class A [Member]
Shareholders’ Deficit:
Ordinary shares
Common Class B [Member]
Shareholders’ Deficit:
Ordinary shares	762	762
Related Party [Member]
Current liabilities:
Accrued expenses - related party	320,000	290,000
Promissory notes - related party	$ 2,422,628	$ 2,215,368

About Kernel Group Holdings, Inc.

Kernel Group Holdings, Inc. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. It intends to identify, acquire, and manage a business in the commerce enablement, supply chain, logistics and related technology infrastructure sectors. Kernel Group Holdings, Inc. was incorporated in 2020 and is based in New York, New York.

CEO	Mr. Surendra K. Ajjarapu
WEBSITE	kernelspac.com
INDUSTRY	Shell Companies

Kernel Group Holdings, Inc. Frequently Asked Questions

What is the ticker symbol for Kernel Group Holdings, Inc.? What does KRNL stand for in stocks?

KRNL is the stock ticker symbol of Kernel Group Holdings, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Kernel Group Holdings, Inc. (KRNL)?

As of Fri May 17 2024, market cap of Kernel Group Holdings, Inc. is 89 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of KRNL stock?

You can check KRNL's fair value in chart for subscribers.

What is the fair value of KRNL stock?

You can check KRNL's fair value in chart for subscribers. The fair value of Kernel Group Holdings, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Kernel Group Holdings, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for KRNL so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Kernel Group Holdings, Inc. a good stock to buy?

The fair value guage provides a quick view whether KRNL is over valued or under valued. Whether Kernel Group Holdings, Inc. is cheap or expensive depends on the assumptions which impact Kernel Group Holdings, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for KRNL.

What is Kernel Group Holdings, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, KRNL's PE ratio (Price to Earnings) is -15.8 and Price to Sales (PS) ratio is 741.69. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. KRNL PE ratio will change depending on the future growth rate expectations of investors.