Knightscope (NASDAQ:KSCP) Trading Down 6.5% – Should You Sell?

Knightscope, Inc. (NASDAQ:KSCP)’s share price dropped 6.5% on Monday . The company traded as low as $3.65 and last traded at $3.73. Approximately 478,768 shares changed hands during mid-day trading, an increase of 23% from the average daily volume of 387,857 shares. The stock had previously closed at $3.99.

Analyst Ratings Changes

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

Knightscope Stock Performance

The stock’s 50-day moving average is $4.33 and its 200-day moving average is $5.40. The stock has a market cap of $41.66 million, a price-to-earnings ratio of -0.95 and a beta of 1.73. The company has a current ratio of 3.62, a quick ratio of 3.37 and a debt-to-equity ratio of 0.15.

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

Institutional Investors Weigh In On Knightscope

Institutional investors have recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC bought a new position in shares of Knightscope during the 3rd quarter valued at about $151,000. Vanguard Group Inc. boosted its position in 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 purchasing an additional 24,283 shares during the last quarter. Geode Capital Management LLC grew its position in Knightscope by 32.5% in the second quarter. Geode Capital Management LLC now owns 53,372 shares of the company’s stock worth $264,000 after acquiring an additional 13,081 shares in the last quarter. Brave Asset Management Inc. bought a new stake in shares of Knightscope during the 4th quarter worth about $82,000. Finally, Centiva Capital LP bought a new stake in Knightscope during the third quarter valued at about $245,000. 14.61% of the stock is currently owned by institutional investors and hedge funds.

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.