HC Wainwright Reiterates Buy Rating for Knightscope (NASDAQ:KSCP)

Knightscope (NASDAQ:KSCP)‘s stock had its “buy” rating reaffirmed by equities research analysts at HC Wainwright in a note issued to investors on Friday,Benzinga reports. They currently have a $12.00 price objective on the stock. HC Wainwright’s price objective would suggest a potential upside of 88.09% from the stock’s current price.

Other analysts have also recently issued research reports about the company. Ascendiant Capital Markets decreased their target price on Knightscope from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, April 28th. Lake Street Capital lowered their price objective on shares of Knightscope from $17.00 to $9.00 and set a “buy” rating for the company in a research report on Tuesday, April 1st.

Knightscope Stock Up 8.3%

Shares of NASDAQ:KSCP opened at $6.38 on Friday. The company’s fifty day moving average is $4.27 and its 200-day moving average is $10.02. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.75 and a current ratio of 1.00. Knightscope has a 52 week low of $2.45 and a 52 week high of $28.57. The company has a market capitalization of $44.03 million, a PE ratio of -0.47 and a beta of 1.72.

Knightscope (NASDAQ:KSCP) last released its quarterly earnings results on Thursday, May 15th. The company reported ($1.28) EPS for the quarter, beating analysts’ consensus estimates of ($1.47) by $0.19. The firm had revenue of $2.81 million during the quarter, compared to analyst estimates of $2.55 million. Equities research analysts predict that Knightscope will post -12.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Knightscope

An institutional investor recently bought a new position in Knightscope stock. Virtu Financial LLC acquired a new position in Knightscope, Inc. (NASDAQ:KSCP) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 14,248 shares of the company’s stock, valued at approximately $40,000. Virtu Financial LLC owned 0.21% of Knightscope as of its most recent SEC filing. Institutional investors own 14.61% of the company’s stock.

Knightscope Company Profile

Knightscope, Inc designs, develops, manufactures, markets, deploys, and supports autonomous security robots (ASR) in the United States. Its products include K3 and K5 ASRs designed to roam a geo-fenced area autonomously by utilizing numerous sensors and lasers, either on a random basis or based on a particular patrolling algorithm to navigate around people, vehicles, and objects in dynamic indoor or outdoor environments; K1, an ASR for used in indoors or outdoors and at ingress/egress points for both people and vehicles; and K7, a multi-terrain ASR.