Knightscope (NASDAQ:KSCP) Stock Price Down 1.2% – Here’s What Happened

Knightscope, Inc. (NASDAQ:KSCPGet Free Report) shares traded down 1.2% during trading on Tuesday . The company traded as low as $3.78 and last traded at $4.05. 297,825 shares traded hands during trading, an increase of 80% from the average session volume of 165,650 shares. The stock had previously closed at $4.10.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on KSCP shares. Lake Street Capital assumed coverage on Knightscope in a report on Wednesday, February 5th. They issued a “buy” rating and a $17.00 price objective for the company. HC Wainwright started coverage on shares of Knightscope in a report on Thursday, January 30th. They issued a “buy” rating and a $16.00 price target on the stock.

Get Our Latest Analysis on Knightscope

Knightscope Stock Performance

The company has a debt-to-equity ratio of 0.42, a current ratio of 1.00 and a quick ratio of 0.75. The stock’s 50-day moving average price is $7.96. The firm has a market capitalization of $14.28 million, a P/E ratio of -0.30 and a beta of 1.58.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Knightscope stock. Geode Capital Management LLC grew its stake in shares of Knightscope, Inc. (NASDAQ:KSCPFree Report) by 13.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,111 shares of the company’s stock after acquiring an additional 3,486 shares during the quarter. Geode Capital Management LLC owned about 0.84% of Knightscope worth $367,000 as of its most recent SEC filing. 14.61% of the stock is owned by hedge funds and other institutional investors.

About Knightscope

(Get Free Report)

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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