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

Knightscope (NASDAQ:KSCP)‘s stock had its “buy” rating reaffirmed by analysts at HC Wainwright in a report released on Tuesday,Benzinga reports. They presently have a $12.00 target price on the stock. HC Wainwright’s price target would indicate a potential upside of 253.98% from the company’s current price.

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

Knightscope Stock Performance

Knightscope stock opened at $3.39 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.62 and a quick ratio of 3.37. Knightscope has a 1-year low of $2.45 and a 1-year high of $10.14. The firm has a market capitalization of $37.87 million, a P/E ratio of -0.83 and a beta of 1.68. The company’s 50-day moving average is $3.94 and its 200 day moving average is $4.66.

Knightscope (NASDAQ:KSCP) last announced its earnings results on Friday, March 27th. The company reported ($0.92) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.73) by ($0.19). The business had revenue of $2.54 million for 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 168.58%. Research analysts forecast that Knightscope will post -12.15 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Knightscope by 9.6% in the 3rd quarter. Vanguard Group Inc. now owns 276,857 shares of the company’s stock valued at $1,597,000 after acquiring an additional 24,283 shares during the period. Geode Capital Management LLC lifted its stake in shares of Knightscope by 16.0% during the 4th 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. AlphaCentric Advisors LLC bought a new stake in Knightscope during the fourth quarter valued at about $278,000. Jane Street Group LLC grew its stake in Knightscope by 253.0% in the fourth quarter. Jane Street Group LLC now owns 56,004 shares of the company’s stock valued at $208,000 after purchasing an additional 40,141 shares during the last quarter. Finally, Centiva Capital LP purchased a new position in Knightscope in the third quarter valued at about $245,000. Institutional investors own 14.61% of the company’s stock.

Knightscope Company Profile

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.