Knightscope (NASDAQ:KSCP) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Knightscope (NASDAQ:KSCPFree Report) from a sell rating to a hold rating in a research note released on Thursday morning.

A number of other research analysts have also recently issued reports on the stock. Ascendiant Capital Markets decreased their price target on shares of Knightscope from $32.00 to $30.00 and set a “buy” rating for the company in a report on Monday, April 28th. HC Wainwright reaffirmed a “buy” rating and issued a $12.00 price target on shares of Knightscope in a report on Friday, May 16th. Finally, Lake Street Capital cut their price objective on shares of Knightscope from $17.00 to $9.00 and set a “buy” rating on the stock in a research note on Tuesday, April 1st.

Read Our Latest Research Report on KSCP

Knightscope Trading Up 5.8%

NASDAQ KSCP opened at $5.88 on Thursday. The company has a fifty day simple moving average of $4.38 and a two-hundred day simple moving average of $9.73. The stock has a market cap of $40.58 million, a P/E ratio of -0.43 and a beta of 1.72. Knightscope has a 12-month low of $2.45 and a 12-month high of $28.57. The company has a current ratio of 1.00, a quick ratio of 0.75 and a debt-to-equity ratio of 0.42.

Knightscope (NASDAQ:KSCPGet Free Report) last posted its quarterly earnings results on Thursday, May 15th. The company reported ($1.28) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.47) by $0.19. The company had revenue of $2.81 million during the quarter, compared to analysts’ expectations of $2.55 million. On average, analysts forecast that Knightscope will post -12.15 earnings per share for the current year.

Institutional Trading of Knightscope

An institutional investor recently raised its position in Knightscope stock. Geode Capital Management LLC lifted its holdings in Knightscope, Inc. (NASDAQ:KSCPFree Report) by 13.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,111 shares of the company’s stock after acquiring an additional 3,486 shares during the quarter. Geode Capital Management LLC owned 0.84% of Knightscope worth $367,000 as of its most recent SEC filing. 14.61% of the stock is currently owned by institutional investors.

Knightscope Company Profile

(Get Free Report)

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.

Further Reading

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