Knightscope (NASDAQ:KSCP) Trading Down 1.8% - Time to Sell?

Key Points

• Knightscope, Inc. (NASDAQ:KSCP) saw its stock price drop by 1.8% to $5.46, with trading volume significantly down to 144,381 shares compared to its average of 239,019 shares.
• Analysts have mixed opinions on Knightscope, with ratings ranging from "buy" with a target of $12.00 to "sell," resulting in an average price target of $15.33.
• In its latest earnings report, Knightscope posted an earnings per share of ($0.90), surpassing estimates but experiencing a negative net margin of 282.34%.

Knightscope, Inc. (NASDAQ:KSCP - Get Free Report) fell 1.8% during trading on Friday . The stock traded as low as $5.43 and last traded at $5.46. 144,381 shares were traded during mid-day trading, a decline of 40% from the average session volume of 239,019 shares. The stock had previously closed at $5.56.

Analysts Set New Price Targets

Several brokerages have commented on KSCP. Lake Street Capital set a $8.00 price objective on shares of Knightscope and gave the stock a "buy" rating in a report on Wednesday, August 13th. Wall Street Zen lowered shares of Knightscope from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. HC Wainwright restated a "buy" rating and issued a $12.00 price objective on shares of Knightscope in a report on Wednesday, September 3rd. Finally, Ascendiant Capital Markets decreased their price target on shares of Knightscope from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Friday, June 6th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $15.33.

Knightscope Stock Performance

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 company's 50 day moving average is $5.95 and its 200-day moving average is $5.41. The company has a market capitalization of $53.76 million, a P/E ratio of -0.83 and a beta of 1.74.

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

Institutional Trading of Knightscope

Institutional investors and hedge funds have recently bought and sold shares of the company. Total Investment Management Inc. bought a new stake in Knightscope during the 2nd quarter valued at about $25,000. Virtu Financial LLC bought a new stake in Knightscope during the 1st quarter valued at about $40,000. Jane Street Group LLC bought a new stake in Knightscope during the 2nd quarter valued at about $77,000. Finally, Geode Capital Management LLC increased its stake in Knightscope by 32.5% during the 2nd quarter. Geode Capital Management LLC now owns 53,372 shares of the company's stock valued at $264,000 after purchasing an additional 13,081 shares in the last quarter. 14.61% of the stock is currently owned by institutional investors.

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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