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

Knightscope logo with Business Services background

Knightscope, Inc. (NASDAQ:KSCP - Get Free Report) shares saw strong trading volume on Wednesday . 85,480 shares were traded during mid-day trading, an increase of 4% from the previous session's volume of 81,920 shares.The stock last traded at $16.34 and had previously closed at $15.49.

Knightscope Price Performance

The stock has a market cap of $1.59 billion, a price-to-earnings ratio of -41.09 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 issued its earnings results on Wednesday, August 14th. The company reported ($2.50) earnings per share for the quarter. The business had revenue of $3.20 million for the quarter.

Institutional Investors Weigh In On Knightscope

An institutional investor recently raised its position in Knightscope stock. Kingsview Wealth Management LLC grew its stake in shares of Knightscope, Inc. (NASDAQ:KSCP - Free Report) by 50.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 187,750 shares of the company's stock after purchasing 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 SEC. Hedge funds and other institutional investors own 14.61% of the company's stock.

Knightscope Company Profile

(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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