The trading price of Knightscope Inc (NASDAQ:KSCP) closed lower on Friday, May 23, and closing at $5.82, -1.02% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $28.57 and a 52-week low of $2.45. Over the past month, the stock has gained 10.23% in value.
Knightscope Inc, whose market valuation is $40.17 million at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -1.35 per share this quarter, however they have predicted annual earnings per share of -5.34 for current year and -3.93 for next year.
Analysts have forecast the company to bring in revenue of 3.03M for the current quarter, with the likely lows of 2.93M and highs of 3.14M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 12.96M.
On the technical side, indicators suggest KSCP has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% 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 7.95% off the SMA20 and 29.94% off the SMA50. The RSI metric on the 14-day chart is currently showing 57.11, and weekly volatility stands at 6.22%. When measured over the past 30 days, the indicator reaches 6.24%. Knightscope Inc (NASDAQ:KSCP)’s beta value is currently sitting at 1.82, while the Average True Range indicator is currently displaying 0.55. With analysts defining $32-$32 as the low and high price targets, we arrive at a consensus price target of $32 for the trailing 12-month period. The current price is about -449.83% off the estimated low and -449.83% off the forecast high, based on this estimate. Investors will be thrilled if KSCP’s share price rises to $32, which is the median consensus price. At that level, KSCP’s share price would be -449.83% below current price.
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 -1.02% in the latest trading, and -68.63% in the past year.
An evaluation of the daily trading volume of Knightscope Inc (NASDAQ:KSCP) indicates that the 3-month average is 297.51K.
Currently, records show that 6.56 million of the company’s shares remain outstanding. The insiders hold 5.67% of outstanding shares, whereas institutions hold 12.57%. However, since the stock’s price has seen -53.88% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
