Short Interest in Knightscope, Inc. (NASDAQ:KSCP) Expands By 19.9%
by Jessica Moore · The Cerbat GemKnightscope, Inc. (NASDAQ:KSCP – Get Free Report) saw a significant growth in short interest in April. As of April 15th, there was short interest totaling 2,307,760 shares, a growth of 19.9% from the March 31st total of 1,924,271 shares. Currently, 14.7% of the shares of the stock are short sold. Based on an average trading volume of 506,554 shares, the short-interest ratio is currently 4.6 days.
Institutional Investors Weigh In On Knightscope
Several hedge funds and other institutional investors have recently modified their holdings of KSCP. Concurrent Investment Advisors LLC boosted its stake in shares of Knightscope by 42.3% during the fourth quarter. Concurrent Investment Advisors LLC now owns 18,500 shares of the company’s stock valued at $69,000 after purchasing an additional 5,500 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Knightscope during the fourth quarter valued at $26,000. Independent Advisor Alliance purchased a new stake in shares of Knightscope during the fourth quarter valued at $37,000. Integrated Advisors Network LLC purchased a new position in shares of Knightscope during the first quarter worth approximately $43,000. Finally, Envestnet Asset Management Inc. purchased a new position in shares of Knightscope during the third quarter worth approximately $71,000. 14.61% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages have commented on KSCP. HC Wainwright reiterated a “buy” rating and issued a $12.00 price target on shares of Knightscope in a research note on Tuesday, March 31st. Ascendiant Capital Markets raised their price target on Knightscope from $25.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. Finally, Wall Street Zen cut Knightscope from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Knightscope presently has an average rating of “Moderate Buy” and an average price target of $15.33.
Check Out Our Latest Report on KSCP
Knightscope Trading Down 0.3%
Shares of Knightscope stock traded down $0.01 on Friday, reaching $3.13. The company had a trading volume of 493,982 shares, compared to its average volume of 447,621. The firm has a market cap of $50.96 million, a price-to-earnings ratio of -0.77 and a beta of 1.27. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.99 and a quick ratio of 3.64. The firm’s 50-day moving average price is $3.82 and its two-hundred day moving average price is $4.25. Knightscope has a 1 year low of $2.92 and a 1 year high of $10.14.
Knightscope (NASDAQ:KSCP – Get Free Report) last released its quarterly earnings results on Friday, March 27th. The company reported ($0.92) earnings per share for the quarter, missing the consensus estimate of ($0.73) by ($0.19). Knightscope had a negative net margin of 298.32% and a negative return on equity of 153.81%. The company had revenue of $2.54 million for the quarter, compared to analysts’ expectations of $2.50 million. As a group, research analysts predict that Knightscope will post -2.19 earnings per share for the current fiscal year.
Knightscope Company Profile
Knightscope, Inc (NASDAQ: KSCP) is a technology company specializing in the design and deployment of autonomous security robots. The firm offers a robotics-as-a-service platform that integrates self-driving devices with artificial intelligence and machine learning capabilities to enhance perimeter security, detect anomalies and deliver real-time incident reporting.
Since its founding in 2013 and headquartered in Mountain View, California, Knightscope has developed a series of fully autonomous models—designated K1 through K7—suited for indoor and outdoor environments.