Knightscope (NASDAQ:KSCP) Releases Earnings Results, Misses Expectations By $0.26 EPS

Knightscope (NASDAQ:KSCP) posted its earnings results on Wednesday. The company reported ($0.98) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.26), FiscalAI reports. Knightscope had a negative return on equity of 213.31% and a negative net margin of 282.34%.The firm had revenue of $3.13 million for the quarter.

Knightscope Trading Down 7.9%

Shares of Knightscope stock traded down $0.42 on Thursday, reaching $4.91. The company had a trading volume of 248,974 shares, compared to its average volume of 395,718. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.65 and a current ratio of 1.90. The firm has a market cap of $48.36 million, a PE ratio of -0.76 and a beta of 1.71. The firm’s 50 day moving average price is $5.72 and its two-hundred day moving average price is $5.86. Knightscope has a 52-week low of $2.45 and a 52-week high of $23.50.

Wall Street Analyst Weigh In

KSCP has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Knightscope in a research note on Wednesday, October 8th. Lake Street Capital set a $8.00 price target on shares of Knightscope and gave the company a “buy” rating in a research report on Wednesday, August 13th. Wall Street Zen lowered shares of Knightscope from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Ascendiant Capital Markets increased their price target on shares of Knightscope from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Finally, HC Wainwright reiterated a “buy” rating and set a $12.00 target price on shares of Knightscope in a research report on Wednesday, September 3rd. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $15.67.

Hedge Funds Weigh In On Knightscope

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Knightscope by 9.6% in the third quarter. Vanguard Group Inc. now owns 276,857 shares of the company’s stock valued at $1,597,000 after acquiring an additional 24,283 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Knightscope by 32.5% in the 2nd quarter. Geode Capital Management LLC now owns 53,372 shares of the company’s stock valued at $264,000 after purchasing an additional 13,081 shares during the period. Jane Street Group LLC purchased a new position in shares of Knightscope in the second quarter worth approximately $77,000. Finally, Envestnet Asset Management Inc. purchased a new position in Knightscope during the 3rd quarter worth approximately $71,000. Institutional investors and hedge funds own 14.61% of the company’s stock.

Knightscope Company Profile

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.