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Knightscope (NASDAQ:KSCP) Sees Unusually-High Trading Volume - Here's Why

Knightscope logo with Business Services background

Knightscope, Inc. (NASDAQ:KSCP - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 117,313 shares were traded during mid-day trading, an increase of 101% from the previous session's volume of 58,414 shares.The stock last traded at $5.50 and had previously closed at $5.80.

Knightscope Price Performance

The stock has a market capitalization of $653.53 million, a PE ratio of -16.82 and a beta of 1.85. The company has a quick ratio of 0.84, a current ratio of 1.21 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 ($0.05) earnings per share (EPS) for the quarter. The business had revenue of $3.20 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Knightscope stock. Traynor Capital Management Inc. acquired a new stake in shares of Knightscope, Inc. (NASDAQ:KSCP - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 100,001 shares of the company's stock, valued at approximately $50,000. Traynor Capital Management Inc. owned approximately 0.11% of Knightscope as of its most recent SEC filing. 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.

Further Reading

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