Knightscope (NASDAQ:KSCP) Given “Buy” Rating at HC Wainwright

HC Wainwright reissued their buy rating on shares of Knightscope (NASDAQ:KSCP) in a report issued on Friday morning,Benzinga reports. HC Wainwright currently has a $12.00 price objective on the stock.

Other equities research analysts have also recently issued reports about the company. Ascendiant Capital Markets reduced their target price on Knightscope from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, April 28th. Lake Street Capital reduced their target price on Knightscope from $17.00 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, April 1st.

Knightscope Price Performance

NASDAQ:KSCP opened at $6.38 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.00 and a debt-to-equity ratio of 0.42. The business’s 50-day simple moving average is $4.27 and its two-hundred day simple moving average is $10.07. The stock has a market cap of $44.03 million, a PE ratio of -0.47 and a beta of 1.72. Knightscope has a 52 week low of $2.45 and a 52 week high of $28.57.

Knightscope (NASDAQ:KSCP) last issued its earnings results on Thursday, May 15th. The company reported ($1.28) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.47) by $0.19. The firm had revenue of $2.81 million during the quarter, compared to the consensus estimate of $2.55 million. As a group, analysts forecast that Knightscope will post -12.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Knightscope stock. Virtu Financial LLC purchased a new position in Knightscope, Inc. (NASDAQ:KSCP) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 14,248 shares of the company’s stock, valued at approximately $40,000. Virtu Financial LLC owned approximately 0.21% of Knightscope at the end of the most recent quarter. Hedge funds and other institutional investors own 14.61% of the company’s stock.

Knightscope Company Profile

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.