Knightscope (NASDAQ:KSCP) Shares Up 1.1% – Here’s What Happened

Knightscope, Inc. (NASDAQ:KSCP)’s stock price rose 1.1% on Wednesday . The company traded as high as $1.8437 and last traded at $1.82. Approximately 470,600 shares were traded during mid-day trading, a decline of 13% from the average session volume of 538,014 shares. The stock had previously closed at $1.80.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. HC Wainwright reissued a “buy” rating and issued a $12.00 price target on shares of Knightscope in a research note on Tuesday, March 31st. Weiss Ratings reiterated a “sell (e+)” rating on shares of Knightscope in a report on Tuesday, June 9th. Ascendiant Capital Markets dropped their target price on shares of Knightscope from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Monday, June 15th. Finally, Wall Street Zen upgraded shares of Knightscope from a “strong sell” rating to a “sell” rating in a report on Saturday, May 23rd. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $14.33.

Knightscope Trading Down 4.9%

The company has a quick ratio of 1.34, a current ratio of 1.51 and a debt-to-equity ratio of 0.12. The firm has a market cap of $29.27 million, a price-to-earnings ratio of -0.49 and a beta of 1.27. The company has a 50-day moving average price of $2.41 and a 200 day moving average price of $3.35.

Knightscope (NASDAQ:KSCP) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.74) earnings per share for the quarter, missing the consensus estimate of ($0.52) by ($0.22). The business had revenue of $6.02 million for the quarter, compared to analyst estimates of $3.65 million. Knightscope had a negative net margin of 257.99% and a negative return on equity of 143.53%. As a group, research analysts anticipate that Knightscope, Inc. will post -1.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Knightscope

A number of large investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its holdings in shares of Knightscope by 32.5% during the second quarter. Geode Capital Management LLC now owns 53,372 shares of the company’s stock worth $264,000 after purchasing an additional 13,081 shares during the period. Jane Street Group LLC acquired a new position in Knightscope in the 2nd quarter valued at approximately $77,000. Envestnet Asset Management Inc. acquired a new position in Knightscope in the 3rd quarter valued at approximately $71,000. Vanguard Group Inc. lifted its position in Knightscope by 9.6% in the 3rd quarter. Vanguard Group Inc. now owns 276,857 shares of the company’s stock worth $1,597,000 after buying an additional 24,283 shares in the last quarter. Finally, Centiva Capital LP acquired a new stake in shares of Knightscope during the 3rd quarter valued at $245,000. Institutional investors and hedge funds own 14.61% of the company’s stock.

About Knightscope

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.