Knightscope (NASDAQ:KSCP) Rating Lowered to Sell at Wall Street Zen

Knightscope (NASDAQ:KSCP) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

A number of other research firms have also issued reports on KSCP. HC Wainwright reiterated a “buy” rating and set a $12.00 price objective on shares of Knightscope in a research note on Friday, May 16th. Ascendiant Capital Markets reduced their target price on Knightscope from $30.00 to $26.00 and set a “buy” rating for the company in a report on Friday, June 6th. Finally, Lake Street Capital lowered their price target on shares of Knightscope from $17.00 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, April 1st.

Knightscope Price Performance

NASDAQ KSCP opened at $5.54 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.00 and a debt-to-equity ratio of 0.42. The company has a market cap of $38.23 million, a PE ratio of -0.41 and a beta of 1.76. Knightscope has a 52 week low of $2.45 and a 52 week high of $28.57. The firm’s 50-day simple moving average is $5.15 and its two-hundred day simple moving average is $8.09.

Knightscope (NASDAQ:KSCP) last released its quarterly earnings data on Thursday, May 15th. The company reported ($1.28) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.47) by $0.19. The business had revenue of $2.81 million during the quarter, compared to analysts’ expectations of $2.55 million. Research analysts predict that Knightscope will post -12.15 earnings per share for the current year.

Institutional Investors Weigh In On Knightscope

A hedge fund recently bought a new stake in Knightscope stock. Virtu Financial LLC purchased a new stake in Knightscope, Inc. (NASDAQ:KSCP) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 14,248 shares of the company’s stock, valued at approximately $40,000. Virtu Financial LLC owned approximately 0.21% of Knightscope as of its most recent SEC filing. 14.61% of the stock is currently owned by hedge funds and other 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.