Knightscope (NASDAQ:KSCP) Earns “Buy” Rating from HC Wainwright

Knightscope (NASDAQ:KSCP)‘s stock had its “buy” rating reiterated by research analysts at HC Wainwright in a research report issued on Tuesday,Benzinga reports. They presently have a $12.00 target price on the stock. HC Wainwright’s target price indicates a potential upside of 209.28% from the company’s current price.

Other analysts also recently issued research reports about the company. Wall Street Zen downgraded Knightscope from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Knightscope in a research note on Monday, December 29th. Finally, Ascendiant Capital Markets dropped their target price on Knightscope from $27.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $15.00.

Knightscope Price Performance

KSCP opened at $3.88 on Tuesday. The company has a quick ratio of 3.37, a current ratio of 3.99 and a debt-to-equity ratio of 0.14. The company’s 50-day moving average price is $3.93 and its 200 day moving average price is $4.64. Knightscope has a fifty-two week low of $2.45 and a fifty-two week high of $10.14. The firm has a market cap of $43.34 million, a price-to-earnings ratio of -0.95 and a beta of 1.56.

Knightscope (NASDAQ:KSCP) last issued its earnings results on Friday, March 27th. The company reported ($0.92) EPS for the quarter, missing analysts’ consensus estimates of ($0.73) by ($0.19). The company had revenue of $2.54 million during the quarter, compared to analyst estimates of $2.50 million. Knightscope had a negative net margin of 298.32% and a negative return on equity of 153.81%. As a group, sell-side analysts expect that Knightscope will post -12.15 earnings per share for the current year.

Institutional Investors Weigh In On Knightscope

A number of hedge funds have recently made changes to their positions in the business. Total Investment Management Inc. acquired a new position in shares of Knightscope during the second quarter worth approximately $25,000. Concurrent Investment Advisors LLC increased its position in Knightscope by 42.3% in the 4th quarter. Concurrent Investment Advisors LLC now owns 18,500 shares of the company’s stock valued at $69,000 after acquiring an additional 5,500 shares during the period. International Assets Investment Management LLC bought a new stake in Knightscope during the 4th quarter valued at $26,000. Independent Advisor Alliance bought a new stake in Knightscope during the 4th quarter valued at $37,000. Finally, Envestnet Asset Management Inc. acquired a new position in Knightscope during the 3rd quarter worth $71,000. Institutional investors own 14.61% of the company’s stock.

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.