Knightscope, Inc. [NASDAQ: KSCP] noticed its shares fight their way into positive reading Monday. The company, a leading developer of autonomous security robots and blue light emergency communication systems, today announced that Ascendiant Capital Markets LLC has initiated coverage on the company's stock with a buy rating and a price target of $3.50 per share.
Ascendiant is an investment banking and equity research firm focusing on high-growth sectors, with expertise in technology, healthcare, and other emerging industries. It has not received compensation for advisory or investment banking services from the Company in the past 12 months.
Ascendiant has conducted extensive research and analysis on Knightscope's business model, technological advancements, and market potential. Following their comprehensive evaluation, Ascendiant has expressed a positive outlook on Knightscope's growth prospects and sees substantial upside potential for the company's stock.
"This recognition from Ascendiant reflects their confidence in our innovative autonomous security solutions, our strong market position, and our ability to deliver long-term value to our shareholders with a buy rating,” said William Santana Li, chairman and CEO of Knightscope, Inc.
“The Rise of the Robots continues, and Wall Street is now taking notice that Knightscope has a unique set of disruptive technologies combining artificial intelligence, autonomy, robotics and electric vehicle technology,” continued Li.
KSCP shares grabbed a penny, or 2.6%, to 40 cents.
