The stock of Knightscope Inc. (NASDAQ:KSCP) decreased by -$0.11 on Tuesday to $1.30, down -7.45 percent. The last five days have seen an average of 2,392,678 shares of common stock traded. 6 times new highs were reached in the current year, with a fall of -$0.5893. The average number of shares traded over the last 20 days was 3,917,240, while the average volume over the last 50 days totaled 5,901,870.
KSCP stock dropped -21.39% since last month. On 08/08/23, the company’s shares reached a one-month low of $1.0400. The stock touched a high of $3.87 on 07/17/23, after rallying from a low of $0.36 in 52 weeks. The price of KSCP stock has declined by -30.95% or -$0.5893 this year, reaching a new high 6 times. Still, the stock price is down -66.28% from the 52-week high.
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Insider Transactions
KSCP stock investors should be aware that Knightscope Inc. (KSCP) stock had its last reported insider trading activity 74 days ago on Jun 02. On Jun 02, Chief Design Officer Lehnhardt Aaron J sold 238,000 shares at $0.41 each. This transaction resulted in the insider making $98,603.
Financial Health
For the recent quarter, Knightscope Inc.’s quick ratio was 0.60, while its current ratio was 0.90, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is -39.30% percent. Based on annual data, it had gross profit of -$3.32 million and revenue of $5.63 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. KSCP’s return on assets (ROA) during the last 12 months has been -87.20%. There was a 91.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 50.40%.
Earnings Surprise
A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.3 million, while revenues rose by 40.0% to $1.04 million. EBITDA was -$5.96 million for the quarter. Equity owned by shareholders amounts to $43.92 million.
Technical Picture
Here’s a quick look at Knightscope Inc.’s (KSCP) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 46.87%, suggesting the stock is Neutral, with a 130.32% historical volatility rate.
The stochastic %K and %D were 47.84% and 49.13% respectively, while the average true range (ATR) was 0.2067. Based on the 14-day stochastic reading of 34.30%, the RSI (14) reading is 50.34%. On the 9-day MACD Oscillator, the stock is at 0.0902, and the 14-day reading is at 0.0407.
Analyst Ratings
In its analyst report released on June 23, 2023, Ascendiant Capital Markets began covering Knightscope Inc. (NASDAQ: KSCP). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Knightscope Inc. (KSCP) an Buy rating. KSCP is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is KSCP’s price target for the next 12 months?
The current consensus forecast for the stock is between $3.50 and $3.50, with a median target price of $3.50. In analyzing these forecasts, the average price target given by analysts for Knightscope Inc. (KSCP) is $3.50.
