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

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

Analyst Upgrades and Downgrades

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

Knightscope Trading Down 1.2 %

The firm’s fifty day moving average price is $8.14. The stock has a market capitalization of $14.10 million, a P/E ratio of -0.30 and a beta of 1.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.00 and a quick ratio of 0.75.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Knightscope stock. Geode Capital Management LLC lifted its holdings in shares of Knightscope, Inc. (NASDAQ:KSCP) by 13.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 29,111 shares of the company’s stock after purchasing an additional 3,486 shares during the period. Geode Capital Management LLC owned about 0.84% of Knightscope worth $367,000 as of its most recent filing with the SEC. 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.