Knightscope (NASDAQ:KSCP) Trading Up 9.4% – Here’s Why

by · The Markets Daily

Knightscope, Inc. (NASDAQ:KSCP – Get Free Report)’s share price shot up 9.4% on Friday . The company traded as high as $4.10 and last traded at $4.06. 413,795 shares changed hands during trading, a decline of 22% from the average session volume of 531,962 shares. The stock had previously closed at $3.71.

Analysts Set New Price Targets

KSCP has been the subject of several recent research reports. Ascendiant Capital Markets reduced their price target on Knightscope from $27.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Knightscope in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Knightscope currently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Read Our Latest Research Report on KSCP

Knightscope Stock Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.37 and a current ratio of 3.62. The stock has a market cap of $45.35 million, a PE ratio of -1.03 and a beta of 1.73. The firm has a fifty day moving average price of $4.57 and a 200 day moving average price of $5.56.

Knightscope (NASDAQ:KSCP – Get Free Report) last announced its earnings results on Wednesday, November 12th. The company reported ($0.98) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.72) by ($0.26). The business had revenue of $3.13 million for the quarter, compared to analyst estimates of $2.63 million. Knightscope had a negative net margin of 256.09% and a negative return on equity of 156.57%. Research analysts forecast that Knightscope, Inc. will post -12.15 earnings per share for the current fiscal year.

Institutional Trading of Knightscope

A number of institutional investors have recently bought and sold shares of KSCP. Kestra Private Wealth Services LLC acquired a new position in Knightscope during the 3rd quarter valued at approximately $151,000. Centiva Capital LP purchased a new stake in shares of Knightscope during the third quarter valued at $245,000. Vanguard Group Inc. grew its holdings in shares of Knightscope by 9.6% during the third quarter. Vanguard Group Inc. now owns 276,857 shares of the company’s stock valued at $1,597,000 after buying an additional 24,283 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of Knightscope in the 3rd quarter valued at $71,000. Finally, Concurrent Investment Advisors LLC purchased a new position in Knightscope in the 3rd quarter worth $75,000. 14.61% of the stock is currently owned by institutional investors and hedge funds.

Knightscope Company Profile

(Get Free Report)

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.

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