Weiss Ratings Reiterates "Sell (E+)" Rating for Knightscope (NASDAQ:KSCP)

Key Points

• Weiss Ratings has reiterated a "Sell (E+)" rating for Knightscope (NASDAQ:KSCP), indicating caution for potential investors.
• Despite the negative rating from Weiss, other analysts like HC Wainwright and Lake Street Capital assigned "Buy" ratings with price targets of $12.00 and $8.00 respectively.
• Knightscope reported a quarterly EPS of ($0.90), beating analyst estimates, but indicated a negative net margin of 282.34% and revenues lower than projected.

Knightscope (NASDAQ:KSCP - Get Free Report)'s stock had its "sell (e+)" rating reissued by analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

KSCP has been the subject of a number of other reports. HC Wainwright reiterated a "buy" rating and issued a $12.00 price target on shares of Knightscope in a research note on Wednesday, September 3rd. Lake Street Capital set a $8.00 price target on shares of Knightscope and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Wall Street Zen lowered shares of Knightscope from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Finally, Ascendiant Capital Markets lifted their price target on shares of Knightscope from $26.00 to $27.00 and gave the stock a "buy" rating in a research note on Monday. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $15.67.

Knightscope Stock Up 0.6%

Shares of Knightscope stock opened at $6.94 on Wednesday. The company has a 50-day simple moving average of $5.86 and a two-hundred day simple moving average of $5.52. Knightscope has a 52-week low of $2.45 and a 52-week high of $28.57. The stock has a market capitalization of $68.34 million, a PE ratio of -1.06 and a beta of 1.73. 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 announced its quarterly 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. Knightscope had a negative net margin of 282.34% and a negative return on equity of 213.31%. The firm had revenue of $2.75 million during the quarter, compared to analyst estimates of $2.86 million. On average, analysts anticipate that Knightscope will post -12.15 EPS for the current fiscal year.

Institutional Trading of Knightscope

Several large investors have recently added to or reduced their stakes in KSCP. Jane Street Group LLC bought a new stake in Knightscope during the second quarter valued at approximately $77,000. Virtu Financial LLC bought a new stake in Knightscope during the first quarter valued at approximately $40,000. Geode Capital Management LLC lifted its holdings in 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 purchasing an additional 13,081 shares in the last quarter. Finally, Total Investment Management Inc. purchased a new position in Knightscope during the second quarter valued at approximately $25,000. 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.

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