Knightscope (NASDAQ:KSCP) Stock Price Expected to Rise, Ascendiant Capital Markets Analyst Says

Knightscope (NASDAQ:KSCP) had its target price lifted by research analysts at Ascendiant Capital Markets from $26.00 to $27.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Ascendiant Capital Markets’ target price would indicate a potential upside of 291.30% from the company’s current price.

A number of other research firms have also weighed in on KSCP. Lake Street Capital set a $8.00 price objective on shares of Knightscope and gave the stock a “buy” rating in a research report on Wednesday, August 13th. HC Wainwright reissued a “buy” rating and issued a $12.00 price objective on shares of Knightscope in a research report on Wednesday, September 3rd. Weiss Ratings reissued a “sell (e+)” rating on shares of Knightscope in a research report on Saturday, September 27th. Finally, Wall Street Zen lowered shares of Knightscope from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.67.

Knightscope Stock Down 6.8%

Shares of NASDAQ KSCP opened at $6.90 on Monday. The firm’s 50-day moving average price is $5.83 and its 200-day moving average price is $5.51. The company has a current ratio of 1.90, a quick ratio of 1.65 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $67.97 million, a price-to-earnings ratio of -1.06 and a beta of 1.73. Knightscope has a 12-month low of $2.45 and a 12-month high of $28.57.

Knightscope (NASDAQ:KSCP) last posted its quarterly earnings data on Tuesday, August 12th. The company reported ($0.90) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.09) by $0.19. Knightscope had a negative net margin of 282.34% and a negative return on equity of 213.31%. The company had revenue of $2.75 million for the quarter, compared to analyst estimates of $2.86 million. On average, equities research analysts anticipate that Knightscope will post -12.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Total Investment Management Inc. purchased a new stake in shares of Knightscope in the 2nd quarter worth approximately $25,000. Jane Street Group LLC bought a new position in Knightscope in the second quarter worth approximately $77,000. Geode Capital Management LLC lifted its holdings in Knightscope by 32.5% during the second quarter. Geode Capital Management LLC now owns 53,372 shares of the company’s stock worth $264,000 after buying an additional 13,081 shares during the period. Finally, Virtu Financial LLC bought a new stake in Knightscope during the 1st quarter valued at $40,000. 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.