Ascendiant Capital Markets Forecasts Strong Price Appreciation for Knightscope (NASDAQ:KSCP) Stock

Knightscope (NASDAQ:KSCP) had its price objective hoisted by Ascendiant Capital Markets from $25.00 to $26.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock.

A number of other brokerages have also commented on KSCP. Weiss Ratings reissued a “sell (d-)” rating on shares of Knightscope in a research note on Monday, December 29th. HC Wainwright reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Knightscope in a research note on Tuesday, March 31st. Finally, Wall Street Zen lowered Knightscope from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Three 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, Knightscope has an average rating of “Moderate Buy” and a consensus price target of $15.33.

Knightscope Stock Performance

Shares of KSCP stock opened at $3.58 on Wednesday. The business’s 50-day moving average price is $3.94 and its 200-day moving average price is $4.48. Knightscope has a 12 month low of $2.92 and a 12 month high of $10.14. The firm has a market capitalization of $58.28 million, a price-to-earnings ratio of -0.88 and a beta of 1.57. The company has a current ratio of 3.99, a quick ratio of 3.64 and a debt-to-equity ratio of 0.14.

Knightscope (NASDAQ:KSCP) last announced its quarterly earnings results on Friday, March 27th. The company reported ($0.92) EPS for the quarter, missing analysts’ consensus estimates of ($0.73) by ($0.19). Knightscope had a negative net margin of 298.32% and a negative return on equity of 153.81%. The firm had revenue of $2.54 million for the quarter, compared to analyst estimates of $2.50 million. Equities research analysts forecast that Knightscope will post -12.15 EPS for the current year.

Hedge Funds Weigh In On Knightscope

A number of hedge funds and other institutional investors have recently made changes to their positions in KSCP. International Assets Investment Management LLC bought a new stake in Knightscope in the fourth quarter worth approximately $26,000. Independent Advisor Alliance bought a new stake in Knightscope in the fourth quarter worth approximately $37,000. LPL Financial LLC bought a new stake in Knightscope in the fourth quarter worth approximately $53,000. Concurrent Investment Advisors LLC increased its holdings in Knightscope by 42.3% in the fourth quarter. Concurrent Investment Advisors LLC now owns 18,500 shares of the company’s stock worth $69,000 after purchasing an additional 5,500 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD bought a new stake in Knightscope in the fourth quarter worth approximately $71,000. 14.61% of the stock is owned by institutional investors and hedge funds.

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.