Reasons why Knightscope Inc.’s (NASDAQ:KSCP) fundamentals are futile

In yesterday’s Wall Street session, Knightscope Inc. (NASDAQ:KSCP) shares traded at $2.16, up 37.58% from the previous session.

1 analysts cover Knightscope Inc. (NASDAQ:KSCP), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $3.50 and a low of $3.50, we find $3.50. Given the previous closing price of $1.57, this indicates a potential upside of 122.93 percent. KSCP stock price is now 287.92% away from the 50-day moving average and 51.36% away from the 200-day moving average. The market capitalization of the company currently stands at $93.01M.

The stock has received a hold rating from 0 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $3.50 as their price target over the next twelve months.

In other news, Lehnhardt Aaron J, Chief Design Officer sold 238,000 shares of the company’s stock on Jun 02. The stock was sold for $98,603 at an average price of $0.41. Upon completion of the transaction, the Chief Design Officer now directly owns 0 shares in the company, valued at $0.0. A total of 6.52% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in KSCP stock. A new stake in Knightscope Inc. shares was purchased by CIBC ASSET MANAGEMENT INC during the first quarter worth $137,000. CREATIVE PLANNING invested $47,000 in shares of KSCP during the first quarter. In the first quarter, WEALTH ENHANCEMENT ADVISORY SERVICES, LLC acquired a new stake in Knightscope Inc. valued at approximately $33,000. DOVER ADVISORS, LLC acquired a new stake in KSCP for approximately $27,000. IFP ADVISORS, INC purchased a new stake in KSCP valued at around $4,000 in the second quarter. In total, there are 29 active investors with 9.10% ownership of the company’s stock.

On Friday morning Knightscope Inc. (NASDAQ: KSCP) stock kicked off with the opening price of $1.5600. During the past 12 months, Knightscope Inc. has had a low of $0.36 and a high of $3.87. The fifty day moving average price for KSCP is $0.5891 and a two-hundred day moving average price translates $1.4251 for the stock.

The latest earnings results from Knightscope Inc. (NASDAQ: KSCP) was released for Mar, 2023. The company reported revenue of $2.9 million for the quarter, compared to $0.94 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 206.89 percent. For the current quarter, analysts expect KSCP to generate $2.7M in revenue.

Knightscope Inc.(KSCP) 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. The company also develops and operates the Knightscope security operations center (KSOC), a browser-based interface, which allows real-time data access service to its clients for alert of an abnormal event; and Knightscope network operations center (KNOC), a custom set of tools that enables it to manage and monitor the network of ASRs with alerts related to critical indicators and statistics, including charging, software, navigation, and temperatures, as well as to execute over-the-air software upgrades, patches, and other related items. In addition, it offers Knightscope+ remote monitoring, an optional service for clients that operate without a fully staffed 24/7 security operations center. The company serves universities, municipalities, rail, healthcare, parks, casinos, corporations, law enforcement, county agencies, and property management companies, as well as the U.S. federal government. Knightscope, Inc. was incorporated in 2013 and is headquartered in Mountain View, California.

Related Posts