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Knightscope (NASDAQ:KSCP) Shares Gap Down - Here's What Happened

Knightscope logo with Business Services background

Knightscope, Inc. (NASDAQ:KSCP - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $13.25, but opened at $12.82. Knightscope shares last traded at $15.10, with a volume of 268,996 shares traded.

Knightscope Trading Up 16.9 %

The stock has a market capitalization of $1.77 billion, a PE ratio of -45.56 and a beta of 1.85. The company has a current ratio of 1.21, a quick ratio of 0.84 and a debt-to-equity ratio of 0.35.

Knightscope (NASDAQ:KSCP - Get Free Report) last announced its earnings results on Wednesday, August 14th. The company reported ($2.50) earnings per share (EPS) for the quarter. The business had revenue of $3.20 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Knightscope stock. Kingsview Wealth Management LLC increased its position in shares of Knightscope, Inc. (NASDAQ:KSCP - Free Report) by 50.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 187,750 shares of the company's stock after acquiring an additional 62,850 shares during the period. Kingsview Wealth Management LLC owned about 0.20% of Knightscope worth $94,000 as of its most recent filing with the Securities and Exchange Commission. 14.61% of the stock is currently owned by hedge funds and other institutional investors.

About Knightscope

(Get Free Report)

Knightscope, Inc designs, develops, manufactures, markets, deploys, and supports autonomous security robots (ASR) in the United States. Its products include K3 and K5 ASRs designed to roam a geo-fenced area autonomously by utilizing numerous sensors and lasers, either on a random basis or based on a particular patrolling algorithm to navigate around people, vehicles, and objects in dynamic indoor or outdoor environments; K1, an ASR for used in indoors or outdoors and at ingress/egress points for both people and vehicles; and K7, a multi-terrain ASR.

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