Knightscope (NASDAQ:KSCP) Rating Increased to Hold at Wall Street Zen

Knightscope (NASDAQ:KSCP - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Saturday.

Several other equities research analysts have also recently weighed in on KSCP. HC Wainwright reiterated a "buy" rating and set a $12.00 price target on shares of Knightscope in a research report on Friday, May 16th. Lake Street Capital decreased their price objective on shares of Knightscope from $17.00 to $9.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Finally, Ascendiant Capital Markets reduced their price target on shares of Knightscope from $30.00 to $26.00 and set a "buy" rating on the stock in a research report on Friday, June 6th.

Knightscope Stock Down 4.9%

KSCP traded down $0.40 during trading hours on Friday, hitting $7.61. 388,838 shares of the company's stock were exchanged, compared to its average volume of 256,797. The company has a quick ratio of 2.06, a current ratio of 2.27 and a debt-to-equity ratio of 0.22. The stock's 50-day moving average is $5.70 and its two-hundred day moving average is $6.83. Knightscope has a 1-year low of $2.45 and a 1-year high of $28.57. The stock has a market cap of $52.48 million, a price-to-earnings ratio of -0.94 and a beta of 1.70.

Knightscope (NASDAQ:KSCP - Get Free Report) last released its quarterly 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. Knightscope had a negative net margin of 270.66% and a negative return on equity of 228.33%. The firm had revenue of $2.81 million during the quarter, compared to analyst estimates of $2.55 million. Sell-side analysts predict that Knightscope will post -12.15 earnings per share for the current fiscal year.

Institutional Trading of Knightscope

A hedge fund recently bought a new stake in Knightscope stock. Virtu Financial LLC purchased a new position in Knightscope, Inc. (NASDAQ:KSCP - Free Report) in the first quarter, according to the company in its most recent disclosure 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 0.21% of Knightscope as of its most recent SEC filing. 14.61% of the stock is currently owned by institutional investors.

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.