Knightscope Inc (NASDAQ: KSCP) Stock: Bulls Need To See This

Knightscope Inc (NASDAQ:KSCP) price closed lower on Monday, April 15, dropping -5.68% below its previous close.

A look at the daily price movement shows that the last close reads $0.54. The company’s 5Y monthly beta was ticking 2.09. Taking into account the 52-week price action we note that the stock hit a 52-week high of $2.24 and 52-week low of $0.36. The stock added 20.48% on its value in the past month.

Knightscope Inc, which has a market valuation of $51.95 million, is expected to release its quarterly earnings report Apr 20, 2024 – Apr 26, 2024.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give KSCP a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.

The overview shows that KSCP’s price is at present -1.44% off the SMA20 and 0.06% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 48.22, with weekly volatility standing at 7.94%. The indicator jumps to 11.60% when calculated based on the past 30 days. Knightscope Inc (NASDAQ:KSCP)’s beta value is holding at 2.01, while the average true range (ATR) indicator is currently reading 0.06.

An analysis of the Knightscope Inc (NASDAQ:KSCP) stock in terms of its daily trading volume indicates that the 3-month average is 1.56 million.

Current records show that the company has 102.67M in outstanding shares. The insiders’ percentage holdings are 12.17% of outstanding shares while the percentage share held by institutions stands at 4.48%. But the -15.67% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.

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