Knightscope (NASDAQ:KSCP) Stock Price Up 1.1% – Still a Buy?

Knightscope, Inc. (NASDAQ:KSCP)’s stock price shot up 1.1% during trading on Wednesday . The company traded as high as $1.8437 and last traded at $1.82. 470,600 shares traded hands during mid-day trading, a decline of 13% from the average daily volume of 538,014 shares. The stock had previously closed at $1.80.

Analyst Ratings Changes

Several analysts have recently weighed in on KSCP shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Knightscope in a report on Tuesday, June 9th. Wall Street Zen raised Knightscope from a “strong sell” rating to a “sell” rating in a report on Saturday, May 23rd. Ascendiant Capital Markets decreased their price target on Knightscope from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Monday, June 15th. Finally, HC Wainwright restated a “buy” rating and set a $12.00 price target on shares of Knightscope in a research report on Tuesday, March 31st. Three equities research 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 an average rating of “Moderate Buy” and an average price target of $14.33.

Knightscope Price Performance

The stock has a fifty day moving average of $2.47 and a 200-day moving average of $3.38. The company has a quick ratio of 1.34, a current ratio of 1.51 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $30.79 million, a P/E ratio of -0.51 and a beta of 1.27.

Knightscope (NASDAQ:KSCP) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.74) EPS for the quarter, missing analysts’ consensus estimates of ($0.52) by ($0.22). Knightscope had a negative return on equity of 143.53% and a negative net margin of 257.99%.The company had revenue of $6.02 million for the quarter, compared to the consensus estimate of $3.65 million. Equities analysts predict that Knightscope, Inc. will post -1.91 EPS for the current fiscal year.

Institutional Investors Weigh In On Knightscope

A number of institutional investors have recently made changes to their positions in KSCP. Welch Group LLC acquired a new stake in shares of Knightscope in the 1st quarter valued at approximately $83,000. Price T Rowe Associates Inc. MD acquired a new position in Knightscope during the fourth quarter valued at approximately $71,000. Jane Street Group LLC grew its holdings in Knightscope by 253.0% during the fourth quarter. Jane Street Group LLC now owns 56,004 shares of the company’s stock valued at $208,000 after purchasing an additional 40,141 shares during the period. LPL Financial LLC bought a new stake in Knightscope in the fourth quarter valued at approximately $53,000. Finally, Kestra Private Wealth Services LLC acquired a new stake in Knightscope in the third quarter worth $151,000. 14.61% of the stock is owned by institutional investors and hedge funds.

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.