Is Knightscope Inc (NASDAQ: KSCP) Still A Hot Stock To Buy?

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Knightscope Inc (NASDAQ:KSCP) price closed lower on Tuesday, May 07, dropping -6.61% below its previous close.

A look at the daily price movement shows that the last close reads $0.46. 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 subtracted -29.51% on its value in the past month.

Knightscope Inc, which has a market valuation of $44.01 million, is expected to release its quarterly earnings report Apr 20, 2024 – Apr 26, 2024.

Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give KSCP a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% 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 -11.09% off the SMA20 and -12.40% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 41.30, with weekly volatility standing at 7.32%. The indicator jumps to 8.06% when calculated based on the past 30 days. Knightscope Inc (NASDAQ:KSCP)’s beta value is holding at 2.08, while the average true range (ATR) indicator is currently reading 0.04.

An analysis of the Knightscope Inc (NASDAQ:KSCP) stock in terms of its daily trading volume indicates that the 3-month average is 1.60 million.

Current records show that the company has 103.11M in outstanding shares. The insiders’ percentage holdings are 12.14% of outstanding shares while the percentage share held by institutions stands at 4.47%. But the -28.87% 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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