Knightscope (NASDAQ:KSCP) Stock Price Up 9.4% – What’s Next?

Knightscope, Inc. (NASDAQ:KSCP) rose 9.4% during mid-day trading on Friday . The stock traded as high as $4.10 and last traded at $4.06. Approximately 413,795 shares traded hands during mid-day trading, a decline of 22% from the average daily volume of 531,962 shares. The stock had previously closed at $3.71.

Analysts Set New Price Targets

KSCP has been the topic of several analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Knightscope in a report on Monday. Ascendiant Capital Markets dropped their target price on shares of Knightscope from $27.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Knightscope Price Performance

The firm has a market cap of $45.35 million, a PE ratio of -1.03 and a beta of 1.73. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.62 and a quick ratio of 3.37. The business’s fifty day moving average is $4.57 and its 200-day moving average is $5.56.

Knightscope (NASDAQ:KSCP) last released its earnings results on Wednesday, November 12th. The company reported ($0.98) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.26). Knightscope had a negative net margin of 256.09% and a negative return on equity of 156.57%. The company had revenue of $3.13 million for the quarter, compared to the consensus estimate of $2.63 million. On average, research analysts predict that Knightscope, Inc. will post -12.15 earnings per share for the current fiscal year.

Institutional Trading of Knightscope

Hedge funds have recently made changes to their positions in the company. Centiva Capital LP purchased a new position in shares of Knightscope during the 3rd quarter valued at $245,000. Kestra Private Wealth Services LLC purchased a new stake in Knightscope during the third quarter valued at about $151,000. Vanguard Group Inc. boosted its position in Knightscope by 9.6% during the third quarter. Vanguard Group Inc. now owns 276,857 shares of the company’s stock worth $1,597,000 after purchasing an additional 24,283 shares during the period. Jane Street Group LLC purchased a new position in shares of Knightscope in the second quarter worth about $77,000. Finally, Geode Capital Management LLC raised its position in shares of Knightscope by 32.5% in the second 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. 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.