Short Interest in Knightscope, Inc. (NASDAQ:KSCP) Increases By 28.3%

Knightscope, Inc. (NASDAQ:KSCP) was the target of a large increase in short interest in March. As of March 31st, there was short interest totaling 1,924,271 shares, an increase of 28.3% from the March 15th total of 1,499,934 shares. Based on an average trading volume of 1,023,218 shares, the short-interest ratio is currently 1.9 days. Approximately 12.3% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Ascendiant Capital Markets lifted their target price on shares of Knightscope from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday. Wall Street Zen lowered shares of Knightscope from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. HC Wainwright reissued a “buy” rating and set a $12.00 price target on shares of Knightscope in a report on Tuesday, March 31st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Knightscope in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $15.33.

Hedge Funds Weigh In On Knightscope

Institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC bought a new position in shares of Knightscope in the fourth quarter worth about $26,000. Independent Advisor Alliance bought a new position in shares of Knightscope in the fourth quarter worth about $37,000. LPL Financial LLC bought a new position in shares of Knightscope in the fourth quarter worth about $53,000. Concurrent Investment Advisors LLC raised its stake in shares of Knightscope by 42.3% in the fourth quarter. Concurrent Investment Advisors LLC now owns 18,500 shares of the company’s stock worth $69,000 after acquiring an additional 5,500 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD bought a new position in shares of Knightscope in the fourth quarter worth about $71,000. 14.61% of the stock is owned by institutional investors.

Knightscope Trading Up 1.5%

Shares of KSCP stock opened at $3.45 on Thursday. Knightscope has a 12-month low of $2.92 and a 12-month high of $10.14. The company has a market capitalization of $56.18 million, a P/E ratio of -0.85 and a beta of 1.57. The firm has a 50-day moving average price of $3.93 and a 200 day moving average price of $4.48. The company has a quick ratio of 3.64, a current ratio of 3.99 and a debt-to-equity ratio of 0.14.

Knightscope (NASDAQ:KSCP) last announced its quarterly earnings results on Friday, March 27th. The company reported ($0.92) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.73) by ($0.19). Knightscope had a negative net margin of 298.32% and a negative return on equity of 153.81%. The firm had revenue of $2.54 million for the quarter, compared to the consensus estimate of $2.50 million. Research analysts forecast that Knightscope will post -12.15 earnings per share for the current fiscal year.

Knightscope Company Profile

Knightscope, Inc (NASDAQ: KSCP) is a technology company specializing in the design and deployment of autonomous security robots. The firm offers a robotics-as-a-service platform that integrates self-driving devices with artificial intelligence and machine learning capabilities to enhance perimeter security, detect anomalies and deliver real-time incident reporting.

Since its founding in 2013 and headquartered in Mountain View, California, Knightscope has developed a series of fully autonomous models—designated K1 through K7—suited for indoor and outdoor environments.