Knightscope (NASDAQ:KSCP) Earns “Buy” Rating from HC Wainwright

Knightscope (NASDAQ:KSCP)‘s stock had its “buy” rating reissued by equities research analysts at HC Wainwright in a report issued on Friday,Benzinga reports. They currently have a $12.00 price target on the stock. HC Wainwright’s price target would suggest a potential upside of 88.09% from the company’s current price.

A number of other research analysts have also commented on KSCP. Ascendiant Capital Markets cut their price target on Knightscope from $32.00 to $30.00 and set a “buy” rating for the company in a report on Monday, April 28th. Lake Street Capital dropped their target price on shares of Knightscope from $17.00 to $9.00 and set a “buy” rating on the stock in a research report on Tuesday, April 1st.

Knightscope Price Performance

Shares of Knightscope stock opened at $6.38 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.75 and a debt-to-equity ratio of 0.42. The firm has a fifty day simple moving average of $4.27 and a 200-day simple moving average of $10.02. The stock has a market capitalization of $44.03 million, a price-to-earnings ratio of -0.47 and a beta of 1.72. Knightscope has a 1-year low of $2.45 and a 1-year high of $28.57.

Knightscope (NASDAQ:KSCP) last issued its quarterly earnings results on Thursday, May 15th. The company reported ($1.28) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.47) by $0.19. The business had revenue of $2.81 million during the quarter, compared to analyst estimates of $2.55 million. On average, sell-side analysts expect that Knightscope will post -12.15 earnings per share for the current year.

Institutional Trading of Knightscope

An institutional investor recently bought a new position in Knightscope stock. Virtu Financial LLC purchased a new position in shares of Knightscope, Inc. (NASDAQ:KSCP) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,248 shares of the company’s stock, valued at approximately $40,000. Virtu Financial LLC owned approximately 0.21% of Knightscope at the end of the most recent reporting period. Institutional investors and hedge funds own 14.61% of the company’s stock.

About Knightscope

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.