Knightscope (NASDAQ:KSCP) Stock Price Down 13.2% – What’s Next?

Knightscope, Inc. (NASDAQ:KSCP) traded down 13.2% during trading on Friday . The company traded as low as $19.50 and last traded at $19.97. 212,540 shares traded hands during mid-day trading, an increase of 114% from the average session volume of 99,418 shares. The stock had previously closed at $23.02.

Knightscope Stock Down 13.2 %

The stock’s 50 day moving average price is $12.03. 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 company has a market capitalization of $54.36 million, a price-to-earnings ratio of -1.47 and a beta of 1.48.

Knightscope (NASDAQ:KSCP) last issued its earnings results on Wednesday, August 14th. The company reported ($2.50) EPS for the quarter. The firm had revenue of $3.20 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Knightscope stock. Traynor Capital Management Inc. grew its holdings in Knightscope, Inc. (NASDAQ:KSCP) by 100.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 200,001 shares of the company’s stock after purchasing an additional 100,000 shares during the period. Traynor Capital Management Inc. owned approximately 0.18% of Knightscope worth $61,000 as of its most recent SEC filing. 14.61% of the stock is 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.