Knightscope (NASDAQ:KSCP) Shares Set to Reverse Split on Friday, September 13th

Shares of Knightscope, Inc. (NASDAQ:KSCP) are scheduled to reverse split on Friday, September 13th. The 1-50 reverse split was announced on Wednesday, September 11th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, September 12th.

Knightscope Price Performance

KSCP traded down $0.03 on Wednesday, hitting $0.20. 3,816,925 shares of the company’s stock were exchanged, compared to its average volume of 1,959,639. Knightscope has a fifty-two week low of $0.18 and a fifty-two week high of $1.09. The company has a current ratio of 1.21, a quick ratio of 0.84 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average price of $0.24 and a 200-day moving average price of $0.36. The stock has a market cap of $23.19 million, a price-to-earnings ratio of -0.68 and a beta of 1.90.

Knightscope (NASDAQ:KSCP) last announced its earnings results on Wednesday, August 14th. The company reported ($0.05) earnings per share (EPS) for the quarter. The business had revenue of $3.20 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Knightscope stock. Kingsview Wealth Management LLC increased its position in shares of Knightscope, Inc. (NASDAQ:KSCP) by 32.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 124,900 shares of the company’s stock after acquiring an additional 30,600 shares during the quarter. Kingsview Wealth Management LLC owned approximately 0.17% of Knightscope worth $75,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 14.61% of the company’s stock.

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.