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

HC Wainwright restated their buy rating on shares of Knightscope (NASDAQ:KSCP) in a research note released on Friday morning,Benzinga reports. The firm currently has a $12.00 price objective on the stock.

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

Knightscope Trading Up 8.3%

NASDAQ:KSCP opened at $6.38 on Friday. The stock has a fifty day moving average price of $4.27 and a two-hundred day moving average price of $9.96. The stock has a market capitalization of $44.03 million, a price-to-earnings ratio of -0.47 and a beta of 1.72. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.75 and a current ratio of 1.00. Knightscope has a 1 year low of $2.45 and a 1 year high of $28.57.

Knightscope (NASDAQ:KSCP) last posted its quarterly earnings data on Thursday, May 15th. The company reported ($1.28) EPS for the quarter, beating analysts’ consensus estimates of ($1.47) by $0.19. The company had revenue of $2.81 million for the quarter, compared to analyst estimates of $2.55 million. As a group, sell-side analysts anticipate that Knightscope will post -12.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Knightscope

A hedge fund recently raised its stake in Knightscope stock. Geode Capital Management LLC boosted its stake in shares of Knightscope, Inc. (NASDAQ:KSCP) by 13.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,111 shares of the company’s stock after acquiring an additional 3,486 shares during the quarter. Geode Capital Management LLC owned 0.84% of Knightscope worth $367,000 as of its most recent SEC filing. Hedge funds and other institutional investors 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.