Knightscope's (KSCP) "Buy" Rating Reiterated at HC Wainwright

Key Points

• Knightscope's stock (NASDAQ:KSCP) received a reiteration of its "buy" rating from HC Wainwright, with a price target of $12.00, suggesting a potential upside of 114.67% from its current price.
• The company reported a quarterly EPS of ($0.90), surpassing analysts' expectations of ($1.09), although revenue fell short at $2.75 million compared to the projected $2.86 million.
• Knightscope has received mixed ratings from analysts, with a consensus target price of $15.33 and several firms switching their recommendations between buy and sell over recent months.

Knightscope (NASDAQ:KSCP - Get Free Report)'s stock had its "buy" rating restated by analysts at HC Wainwright in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $12.00 price target on the stock. HC Wainwright's price objective would suggest a potential upside of 114.67% from the stock's current price.

KSCP has been the topic of several other research reports. Lake Street Capital set a $8.00 target price on shares of Knightscope and gave the company a "buy" rating in a research note on Wednesday, August 13th. Wall Street Zen cut Knightscope from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, Ascendiant Capital Markets cut their price objective on Knightscope from $30.00 to $26.00 and set a "buy" rating for the company in a report on Friday, June 6th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Knightscope presently has an average rating of "Buy" and a consensus target price of $15.33.

Knightscope Price Performance

KSCP stock opened at $5.59 on Wednesday. The firm has a 50 day moving average price of $6.24 and a 200-day moving average price of $5.52. The firm has a market capitalization of $55.06 million, a price-to-earnings ratio of -0.85 and a beta of 1.74. Knightscope has a 52-week low of $2.45 and a 52-week high of $28.57. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.65 and a current ratio of 1.90.

Knightscope (NASDAQ:KSCP - Get Free Report) last released its earnings results on Tuesday, August 12th. The company reported ($0.90) EPS for the quarter, topping analysts' consensus estimates of ($1.09) by $0.19. The firm had revenue of $2.75 million for the quarter, compared to analysts' expectations of $2.86 million. Knightscope had a negative return on equity of 213.31% and a negative net margin of 282.34%. Equities research analysts forecast that Knightscope will post -12.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Knightscope

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Total Investment Management Inc. purchased a new position in Knightscope during the second quarter valued at approximately $25,000. Jane Street Group LLC bought a new stake in shares of Knightscope during the 2nd quarter valued at $77,000. Geode Capital Management LLC lifted its stake in shares of 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 buying an additional 13,081 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in Knightscope in the 1st quarter worth $40,000. 14.61% of the stock is owned by hedge funds and other 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.

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