Knightscope’s (KSCP) “Buy” Rating Reaffirmed at HC Wainwright

HC Wainwright reiterated their buy rating on shares of Knightscope (NASDAQ:KSCP) in a research report report published on Tuesday morning,Benzinga reports. HC Wainwright currently has a $12.00 target price on the stock.

Several other equities analysts also recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Knightscope in a report on Monday, December 29th. Ascendiant Capital Markets reduced their price target on shares of Knightscope from $27.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Knightscope Stock Performance

NASDAQ KSCP opened at $3.78 on Tuesday. The stock has a market capitalization of $42.22 million, a price-to-earnings ratio of -0.96 and a beta of 1.73. The stock has a 50-day moving average of $4.05 and a 200 day moving average of $5.06. The company has a current ratio of 3.62, a quick ratio of 3.37 and a debt-to-equity ratio of 0.15. Knightscope has a twelve month low of $2.45 and a twelve month high of $10.48.

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

Institutional Trading of Knightscope

Hedge funds have recently bought and sold shares of the business. Total Investment Management Inc. purchased a new position in Knightscope in the 2nd quarter worth approximately $25,000. Concurrent Investment Advisors LLC lifted its position in Knightscope by 42.3% during the fourth quarter. Concurrent Investment Advisors LLC now owns 18,500 shares of the company’s stock worth $69,000 after buying an additional 5,500 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Knightscope during the fourth quarter worth $26,000. Independent Advisor Alliance acquired a new position in Knightscope during the fourth quarter worth $37,000. Finally, Envestnet Asset Management Inc. purchased a new stake in Knightscope in the 3rd quarter valued at $71,000. Institutional investors and hedge funds own 14.61% of the company’s stock.

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.