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Knightscope (NASDAQ:KSCP) Sees Large Volume Increase - Should You Buy?

Knightscope logo with Business Services background

Knightscope, Inc. (NASDAQ:KSCP - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 95,522 shares changed hands during trading, an increase of 54% from the previous session's volume of 62,228 shares.The stock last traded at $8.69 and had previously closed at $7.79.

Knightscope Stock Up 15.5 %

The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.84 and a current ratio of 1.21. The firm has a market cap of $1.03 billion, a P/E ratio of -24.21 and a beta of 1.85.

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

Hedge Funds Weigh In On Knightscope

An institutional investor recently raised its position in Knightscope stock. Traynor Capital Management Inc. increased its holdings in Knightscope, Inc. (NASDAQ:KSCP - Free Report) by 100.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 200,001 shares of the company's stock after acquiring an additional 100,000 shares during the period. Traynor Capital Management Inc. owned approximately 0.18% of Knightscope worth $61,000 at the end of the most recent quarter. Institutional investors and hedge funds own 14.61% of the company's stock.

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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