Knightscope’s (KSCP) Buy Rating Reiterated at HC Wainwright

HC Wainwright restated their buy rating on shares of Knightscope (NASDAQ:KSCP) in a research note released on Tuesday,Benzinga reports. The brokerage currently has a $12.00 price target on the stock.

Other equities analysts also recently issued research reports about the company. Ascendiant Capital Markets decreased their price objective on Knightscope from $27.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, December 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Knightscope in a research note on Monday, December 29th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Knightscope Stock Performance

Knightscope stock opened at $3.55 on Tuesday. Knightscope has a fifty-two week low of $2.45 and a fifty-two week high of $10.14. The stock’s 50 day simple moving average is $4.00 and its two-hundred day simple moving average is $5.04. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.37 and a current ratio of 3.62. The stock has a market cap of $39.65 million, a price-to-earnings ratio of -0.90 and a beta of 1.73.

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 the consensus estimate of ($0.72) by ($0.26). Knightscope had a negative return on equity of 156.57% and a negative net margin of 256.09%.The firm had revenue of $3.13 million during the quarter, compared to the consensus estimate of $2.63 million. As a group, analysts expect that Knightscope will post -12.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Knightscope

Institutional investors and hedge funds have recently made changes to their positions in the business. Total Investment Management Inc. purchased a new stake in Knightscope during the second quarter valued at approximately $25,000. Concurrent Investment Advisors LLC grew its position in shares of Knightscope by 42.3% during 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 purchased a new stake in shares of Knightscope in the 4th quarter worth $26,000. Independent Advisor Alliance purchased a new stake in shares of Knightscope in the 4th quarter worth $37,000. Finally, Envestnet Asset Management Inc. bought a new position in Knightscope in the 3rd quarter worth $71,000. Hedge funds and other institutional investors 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.