Knightscope (NASDAQ:KSCP) Shares Down 3.4% – Time to Sell?

Knightscope, Inc. (NASDAQ:KSCP) dropped 3.4% during trading on Thursday . The company traded as low as $6.52 and last traded at $6.57. Approximately 88,260 shares were traded during trading, a decline of 67% from the average daily volume of 264,676 shares. The stock had previously closed at $6.80.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on KSCP shares. Lake Street Capital began coverage on Knightscope in a report on Wednesday, February 5th. They issued a “buy” rating and a $17.00 target price on the stock. HC Wainwright assumed coverage on shares of Knightscope in a research note on Thursday, January 30th. They issued a “buy” rating and a $16.00 price objective on the stock.

Knightscope Stock Performance

The stock has a market capitalization of $21.95 million, a price-to-earnings ratio of -0.46 and a beta of 1.50. The company’s 50 day moving average is $11.15. The company has a current ratio of 1.00, a quick ratio of 0.75 and a debt-to-equity ratio of 0.42.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Knightscope stock. Geode Capital Management LLC grew its stake in Knightscope, Inc. (NASDAQ:KSCP) by 13.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,111 shares of the company’s stock after buying 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 currently 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.