Knightscope (NASDAQ:KSCP) Trading 44.2% Higher – Here’s What Happened

Knightscope, Inc. (NASDAQ:KSCP)’s stock price was up 44.2% during mid-day trading on Thursday . The company traded as high as $2.09 and last traded at $1.99. Approximately 4,514,124 shares were traded during trading, an increase of 132% from the average daily volume of 1,942,889 shares. The stock had previously closed at $1.38.

Wall Street Analysts Forecast Growth

Several research analysts have commented on KSCP shares. Wall Street Zen upgraded Knightscope from a “strong sell” rating to a “sell” rating in a research note 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, Weiss Ratings reissued a “sell (e+)” rating on shares of Knightscope in a report on Tuesday, June 9th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Knightscope currently has an average rating of “Moderate Buy” and a consensus target price of $14.33.

Knightscope Stock Down 17.6%

The company has a 50 day moving average of $2.01 and a 200-day moving average of $3.11. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.51 and a quick ratio of 1.34. The company has a market cap of $32.57 million, a P/E ratio of -0.46 and a beta of 1.27.

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

Institutional Investors Weigh In On Knightscope

Hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC bought a new position in shares of Knightscope in the 4th quarter worth $26,000. Independent Advisor Alliance purchased a new position in Knightscope in the fourth quarter worth $37,000. Integrated Advisors Network LLC purchased a new position in Knightscope in the first quarter worth $43,000. Envestnet Asset Management Inc. bought a new position in Knightscope in the third quarter valued at $71,000. Finally, LPL Financial LLC bought a new position in Knightscope in the fourth quarter valued at $53,000. 14.61% of the stock is currently owned by institutional investors.

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.