Knightscope (NASDAQ:KSCP) Rating Lowered to "Sell" at Wall Street Zen

Knightscope (NASDAQ:KSCP - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Sunday.

KSCP has been the subject of a number of other research reports. HC Wainwright reiterated a "buy" rating and issued a $12.00 target price on shares of Knightscope in a report on Friday, May 16th. Lake Street Capital dropped their target price on Knightscope from $17.00 to $9.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Finally, Ascendiant Capital Markets dropped their target price on Knightscope from $30.00 to $26.00 and set a "buy" rating for the company in a report on Friday, June 6th.

Knightscope Price Performance

NASDAQ KSCP traded up $0.09 during trading on Friday, hitting $7.60. 1,239,639 shares of the stock traded hands, compared to its average volume of 297,714. The company has a market capitalization of $62.24 million, a P/E ratio of -0.93 and a beta of 1.70. The firm has a 50-day simple moving average of $6.19 and a 200-day simple moving average of $6.65. The company has a quick ratio of 2.06, a current ratio of 2.27 and a debt-to-equity ratio of 0.22. Knightscope has a 12-month low of $2.45 and a 12-month high of $28.57.

Knightscope (NASDAQ:KSCP - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported ($1.28) earnings per share for the quarter, beating the consensus estimate of ($1.47) by $0.19. The business had revenue of $2.81 million during the quarter, compared to analysts' expectations of $2.55 million. Knightscope had a negative return on equity of 228.33% and a negative net margin of 270.66%. As a group, analysts predict that Knightscope will post -12.15 EPS for the current year.

Hedge Funds Weigh In On Knightscope

A hedge fund recently bought a new stake in Knightscope stock. Virtu Financial LLC acquired a new stake in Knightscope, Inc. (NASDAQ:KSCP - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,248 shares of the company's stock, valued at approximately $40,000. Virtu Financial LLC owned about 0.21% of Knightscope 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.