As of Wednesday close, Knightscope Inc.’s (NASDAQ:KSCP) stock was down -$0.07, moving down -6.09 percent to $1.08. The average number of shares traded per day over the past five days has been 1,198,340 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.1100 fall in that time frame. In the last twenty days, the average volume was 2,066,025, while in the previous 50 days, it was 5,942,164.
Since last month, KSCP stock retreated -24.48%. Shares of the company fell to $1.0400 on 08/08/23, the lowest level in the past month. A 52-week high of $3.65 was reached on 07/17/23 after having rallying from a 52-week low of $0.36. Since the beginning of this year, KSCP’s stock price has dropped by -42.86% or -$0.8100, and marked a new high 6 times. However, the stock has declined by -70.41% since its 52-week high.
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KSCP stock investors should be aware that Knightscope Inc. (KSCP) stock had its last reported insider trading activity 90 days ago on Jun 02. Lehnhardt Aaron J, the Chief Design Officer of the company, disposed of 238,000 shares for $0.41 on Jun 02. It resulted in a $98,603 divestment by the insider.
Financial Health
In the three months ended June 29, Knightscope Inc.’s quick ratio stood at 1.00, while its current ratio was 1.30, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is -39.30% percent. Based on annual data, KSCP earned -$3.32 million in gross profit and brought in $5.63 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 91.60%. Return on equity (ROE) for the past 12 months was 69.50%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. KSCP’s revenue rose 89.7% to $2.79 million during the quarter, while net income inched up to $3.01 million. While analysts expected Knightscope Inc. to report -$0.11 quarterly earnings, the actual figure was -$0.08 per share, beating the consensus estimate by 27.30%. During the quarter, the company generated -$5.35 million in EBITDA. The liabilities of Knightscope Inc. were 50.48 million at the end of its most recent quarter ended June 29, and its total debt was $2.33 million. The value of shareholders’ equity is $67.27 million.
Technical Picture
This quick technical analysis looks at Knightscope Inc.’s (KSCP) price momentum. With a historical volatility rate of 92.02%, the RSI 9-day stood at 37.47% on 30 August.
With respect to its five-day moving average, the current Knightscope Inc. price is down by -9.24% percent or -$0.1100. At present, KSCP shares trade -24.48% below its 20-day simple moving average and +77.63% percent above its 100-day simple moving average. However, the stock is currently trading approximately +129.79% above its SMA50 and -63.76% below its SMA200.
Stochastic coefficient K was 7.31% and Stochastic coefficient D was 12.83%, while ATR was 0.1406. Given the Stochastic reading of 3.92% for the 14-day period, the RSI (14) reading has been calculated as 42.95%. As of today, the MACD Oscillator reading stands at -0.0678, while the 14-day reading stands at -0.1288.
Analyst Ratings
Ascendiant Capital Markets launched its rating on Knightscope Inc. (NASDAQ: KSCP) to a Buy in a note to investors on June 23, 2023. Knightscope Inc. (KSCP) has been rated Buy by analysts. According to 0 brokerage firms, KSCP is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Knightscope Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $3.50, the current consensus forecast for the stock is $3.50 – $3.50. Based on these forecasts, analysts predict Knightscope Inc. (KSCP) will achieve an average price target of $3.50.
