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

Key Points

• Ascendiant Capital Markets has increased its price target for Knightscope (NASDAQ:KSCP) from $26.00 to $27.00, indicating a potential upside of 334.08% from the current stock price.
• Knightscope's current consensus rating is a "Moderate Buy" with an average target price of $15.67, despite mixed ratings from other analysts.
• The company reported a quarterly earnings per share (EPS) of ($0.90), beating expectations but still reflecting a challenging financial position with a negative net margin.

Knightscope (NASDAQ:KSCP - Get Free Report) had its price objective boosted by Ascendiant Capital Markets from $26.00 to $27.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Ascendiant Capital Markets' price target points to a potential upside of 334.08% from the stock's current price.

Other analysts have also issued reports about the company. Wall Street Zen lowered Knightscope from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Lake Street Capital set a $8.00 target price on shares of Knightscope and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Knightscope in a research report on Saturday, September 27th. Finally, HC Wainwright reaffirmed a "buy" rating and set a $12.00 price target on shares of Knightscope in a research note on Wednesday, September 3rd. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $15.67.

Knightscope Stock Performance

Shares of NASDAQ KSCP opened at $6.22 on Monday. The company has a market cap of $61.25 million, a PE ratio of -0.95 and a beta of 1.73. Knightscope has a 12 month low of $2.45 and a 12 month high of $28.57. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.65. The company has a 50-day simple moving average of $5.80 and a 200-day simple moving average of $5.48.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in shares of Knightscope by 32.5% during the second quarter. Geode Capital Management LLC now owns 53,372 shares of the company's stock valued at $264,000 after buying an additional 13,081 shares during the last quarter. Jane Street Group LLC acquired a new position in Knightscope during the 2nd quarter worth $77,000. Virtu Financial LLC bought a new position in shares of Knightscope in the first quarter worth $40,000. Finally, Total Investment Management Inc. acquired a new position in shares of Knightscope during the second quarter valued at $25,000. 14.61% of the stock is owned by institutional investors and hedge funds.

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.

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