Knightscope Inc (NASDAQ: KSCP): What’s Next In 2024?

Knightscope Inc (NASDAQ:KSCP) shares, rose in value, with the stock price up by 1.41% to the previous day’s close as strong demand from buyers drove the stock to $0.49.

Actively observing the price movement in the last trading, the stock closed the session at $0.48. The value of beta (5-year monthly) was 2.10. Referring to stock’s 52-week performance, its high was $2.24, and the low was $0.36. On the whole, KSCP has fluctuated by 0.45% over the past month.

With the market capitalization of Knightscope Inc currently standing at about $46.59 million, investors are eagerly awaiting this quarter’s results, scheduled for Apr 20, 2024 – Apr 26, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.06, which is expected to increase to -$0.06 for fiscal year -$0.32 and then to about -$0.23 by fiscal year 2024.

Analysts have estimated the company’s revenue for the quarter at $2.9 million, with a low estimate of $2.9 million and a high estimate of $2.9 million.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that KSCP’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of KSCP currently trading nearly 3.22% and -4.01% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.23, while the 7-day volatility ratio is showing 13.38% which for the 30-day chart, stands at 9.54%. Furthermore, Knightscope Inc (KSCP)’s beta value is 2.08, and its average true range (ATR) is 0.05.

A comparison of Knightscope Inc (KSCP) with its peers suggests the former has fared considerably weaker in the market. KSCP showed an intraday change of 1.41% in last session, and over the past year, it shrunk by -45.02%%.

Data on historical trading for Knightscope Inc (NASDAQ:KSCP) indicates that the trading volumes over the past 10 days have averaged 2.24 million and over the past 3 months, they’ve averaged 1.52 million. According to company’s latest data on outstanding shares, there are 95.13 million shares outstanding.

Nearly 12.87% of Knightscope Inc’s shares belong to company insiders and institutional investors own 4.73% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.07 million shares as on Mar 15, 2024, resulting in a short ratio of 4.43. According to the data, the short interest in Knightscope Inc (KSCP) stood at 7.44% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 6.64 million. The stock has fallen by -18.37% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KSCP stock heading into the next quarter.

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