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

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

A number of other equities analysts have also commented on the stock. Ascendiant Capital Markets cut their price objective on shares of Knightscope from $27.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. Wall Street Zen downgraded Knightscope from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Knightscope in a research note on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Knightscope Trading Up 23.0%

KSCP opened at $4.17 on Tuesday. The firm has a market capitalization of $46.58 million, a P/E ratio of -1.02 and a beta of 1.68. The firm’s 50 day moving average is $3.94 and its 200-day moving average is $4.64. Knightscope has a 52-week low of $2.45 and a 52-week high of $10.14. The company has a quick ratio of 3.37, a current ratio of 3.99 and a debt-to-equity ratio of 0.14.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in KSCP. Vanguard Group Inc. increased its position in shares of Knightscope by 9.6% in the 3rd 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 last quarter. Geode Capital Management LLC lifted its position in shares of Knightscope by 16.0% during the fourth quarter. Geode Capital Management LLC now owns 115,924 shares of the company’s stock worth $430,000 after purchasing an additional 16,004 shares during the last quarter. Kestra Private Wealth Services LLC bought a new position in shares of Knightscope during the third quarter worth about $151,000. Jane Street Group LLC acquired a new position in Knightscope in the second quarter worth about $77,000. Finally, Price T Rowe Associates Inc. MD acquired a new position in Knightscope in the fourth quarter worth about $71,000. 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.