Lake Street Capital Has Lowered Expectations for Knightscope (NASDAQ:KSCP) Stock Price

Knightscope (NASDAQ:KSCP) had its price objective dropped by Lake Street Capital from $17.00 to $9.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Lake Street Capital’s price objective would suggest a potential upside of 227.87% from the company’s previous close.

Separately, HC Wainwright assumed coverage on Knightscope in a report on Thursday, January 30th. They issued a “buy” rating and a $16.00 target price on the stock.

Knightscope Trading Down 2.7 %

KSCP stock traded down $0.08 during trading on Tuesday, reaching $2.75. The company had a trading volume of 74,222 shares, compared to its average volume of 170,406. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.00 and a quick ratio of 0.75. Knightscope has a 52 week low of $2.52 and a 52 week high of $31.50. The business has a 50 day moving average of $7.43 and a 200 day moving average of $11.17. The company has a market cap of $9.56 million, a P/E ratio of -0.20 and a beta of 1.58.

Knightscope (NASDAQ:KSCP) last posted its quarterly earnings data on Monday, April 7th. The company reported ($0.78) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.94) by $1.16. The firm had revenue of $2.81 million during the quarter, compared to the consensus estimate of $2.52 million. During the same quarter last year, the company posted ($16.77) EPS. As a group, sell-side analysts forecast that Knightscope will post -12.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Knightscope

A hedge fund recently raised its stake in Knightscope stock. Geode Capital Management LLC raised its stake in shares of Knightscope, Inc. (NASDAQ:KSCP) by 13.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 29,111 shares of the company’s stock after acquiring an additional 3,486 shares during the period. Geode Capital Management LLC owned approximately 0.84% of Knightscope worth $367,000 as of its most recent SEC filing. 14.61% of the stock is owned by institutional investors and hedge funds.

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.