Knightscope, Inc. (KSCP, Financial) has announced the successful acquisition of contracts worth over $1.2 million. These deals include substantial renewals and expansions of current services, alongside new deployments nationwide.
Building on recent developments, this achievement follows earlier announcements related to Knightscope's strategic growth initiatives. Earlier this month, the company revealed its plans for a new 33,000 square foot headquarters in Silicon Valley and an expansion of its manufacturing workforce, seeking additional staff for a second shift. Moreover, they reported sales, renewals, and expansions exceeding $2 million.
The recent contracts include major purchases from resellers and educational institutions. These involve over 70 Emergency Communication Devices and significant six-figure agreements for 11 Autonomous Security Robots, catering to both new and existing clients.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for Knightscope Inc (KSCP, Financial) is $17.67 with a high estimate of $32.00 and a low estimate of $9.00. The average target implies an upside of 252.66% from the current price of $5.01. More detailed estimate data can be found on the Knightscope Inc (KSCP) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, Knightscope Inc's (KSCP, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Knightscope Inc (KSCP, Financial) in one year is $13.06, suggesting a upside of 160.7% from the current price of $5.0096. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Knightscope Inc (KSCP) Summary page.
