The trading price of Knightscope Inc. (NASDAQ:KSCP) closed lower on Tuesday, May 23, closing at $0.45, -1.00% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $0.4242 and $0.4699. In examining the 52-week price action we see that the stock hit a 52-week high of $4.52 and a 52-week low of $0.44. Over the past month, the stock has lost -22.17% in value.
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Knightscope Inc., whose market valuation is $23.67 million at the time of this writing, is expected to release its quarterly earnings report May 15, 2023. Investors’ optimism about the company’s current quarter earnings report is understandable.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Knightscope Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest KSCP has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that KSCP’s price is currently -16.46% off the SMA20 and -31.53% off the SMA50. The RSI metric on the 14-day chart is currently showing 33.48, and weekly volatility stands at 9.96%. When measured over the past 30 days, the indicator reaches 8.55%. Knightscope Inc. (NASDAQ:KSCP)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.05.
To see how Knightscope Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: KSCP stock’s performance was -1.00% in the latest trading, and -86.03% in the past year. Also in last trading session, the S&P 500 Index has plunged -1.12%, while the Dow Jones Industrial also saw a negative session, down -0.69% on the day.
An evaluation of the daily trading volume of Knightscope Inc. (NASDAQ:KSCP) indicates that the 3-month average is 876.82K. However, this figure has increased over the past 10 days to an average of 1.12 million.
Currently, records show that 54.28 million of the company’s shares remain outstanding. The insiders hold 6.52% of outstanding shares, whereas institutions hold 9.10%. The stats also highlight that short interest as of Apr 27, 2023, stood at 2.75 million shares, resulting in a short ratio of 2.59 at that time. From this, we can conclude that short interest is 5.84% of the company’s total outstanding shares. It is noteworthy that short shares in April were up slightly from the previous month’s figure, which was 1.92 million. However, since the stock’s price has seen -76.43% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.