Knightscope Inc. [KSCP] Investment Appeal on the Rise

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Knightscope Inc.’s recent filing unveils that its Chief Design Officer Lehnhardt Aaron J unloaded Company’s shares for reported $98603.0 on Jun 02. In the deal valued at $0.41 per share,238,000 shares were sold. As a result of this transaction, Lehnhardt Aaron J now holds 0 shares worth roughly $ 0.0.

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Ascendiant Capital Markets initiated its Knightscope Inc. [KSCP] rating to a Buy in a research note published on Tuesday.

Price Performance Review of KSCP

On Tuesday, Knightscope Inc. [NASDAQ:KSCP] saw its stock fall -0.91% to $1.09. On the same session, the stock had its day’s lowest price of $1.06, but rose to a high of $1.13. Over the last five days, the stock has gained 0.93%. Knightscope Inc. shares have fallen nearly -42.33% since the year began. Nevertheless, the stocks have fallen -58.87% over the past one year. While a 52-week high of $3.65 was reached on 07/17/23, a 52-week low of $0.36 was recorded on 05/31/23. SMA at 50 days reached $1.2173, while 200 days put it at $1.1694. A total of 0.71 million shares were traded, compared to the trading of 0.57 million shares in the previous session.

Levels Of Support And Resistance For KSCP Stock

The 24-hour chart illustrates a support level at 1.0567, which if violated will result in even more drops to 1.0233. On the upside, there is a resistance level at 1.1267. A further resistance level may holdings at 1.1633. The Relative Strength Index (RSI) on the 14-day chart is 43.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0683, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.18%. Stochastics %K at 10.78% indicates the stock is a buying.

How much short interest is there in Knightscope Inc.?

A steep rise in short interest was recorded in Knightscope Inc. stocks on Aug 14, 2023, growing by 1.09 million shares to a total of 5.04 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 3.95 million shares. There was a rise of 21.63%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.50% of the overall stock float, the days-to-cover ratio (short ratio) rose to 0.95.

Knightscope Inc. [KSCP] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 1,490,391 shares, or roughly 3.39% of the outstanding KSCP shares. At present, Cornerstone Wealth Group LLC is holding 83,630 shares valued at $0.12 million. SSgA Funds Management, Inc. owned 65,609 shares of the company at the time of its most recent 13F filing, worth $93821.0.

However, 1 analyst have rated KSCP stock as a Buy in their predictions for 2023.

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