Knightscope (NASDAQ:KSCP) Rating Lowered to “Sell” at Wall Street Zen

Knightscope (NASDAQ:KSCP) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Several other brokerages have also recently weighed in on KSCP. Ascendiant Capital Markets dropped their price target on shares of Knightscope from $30.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, June 6th. Lake Street Capital dropped their price target 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. Finally, HC Wainwright reissued a “buy” rating and set a $12.00 price target on shares of Knightscope in a research report on Friday, May 16th.

Knightscope Price Performance

KSCP stock opened at $5.54 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.00 and a quick ratio of 0.75. Knightscope has a one year low of $2.45 and a one year high of $28.57. The stock has a market cap of $38.23 million, a PE ratio of -0.41 and a beta of 1.76. The firm has a 50 day simple moving average of $5.15 and a two-hundred day simple moving average of $8.22.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Knightscope stock. Geode Capital Management LLC increased its holdings in Knightscope, Inc. (NASDAQ:KSCP) by 13.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,111 shares of the company’s stock after acquiring an additional 3,486 shares during the quarter. Geode Capital Management LLC owned about 0.84% of Knightscope worth $367,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 14.61% of the company’s stock.

About Knightscope

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.