Knightscope (NASDAQ:KSCP) Trading Up 7.1% – Time to Buy?

Shares of Knightscope, Inc. (NASDAQ:KSCP) rose 7.1% during trading on Thursday . The stock traded as high as $6.37 and last traded at $6.32. Approximately 93,876 shares traded hands during trading, an increase of 59% from the average daily volume of 59,189 shares. The stock had previously closed at $5.90.

Knightscope Stock Performance

The company has a market cap of $847.76 million, a price-to-earnings ratio of -21.82 and a beta of 1.85. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.84 and a current ratio of 1.21.

Knightscope (NASDAQ:KSCP) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.05) earnings per share for the quarter. The firm had revenue of $3.20 million during the quarter.

Institutional Investors Weigh In On Knightscope

A hedge fund recently raised its stake in Knightscope stock. Traynor Capital Management Inc. raised its stake in Knightscope, Inc. (NASDAQ:KSCP) by 100.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 as of its most recent SEC filing. 14.61% of the stock is owned by institutional investors and hedge funds.

About Knightscope

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.