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GM, Jeff here! It looks like the market is trying to stage a comeback on the final day of this week after several rough days.
In last night’s email, I told you I thought this was a likely scenario – just don’t get too comfortable!
The market is not going to magically zoom higher again from here without a lot of ups and downs along the way. Make sure you are prepared for this week’s volatility to continue.
Yesterday’s rocky trading session created many intriguing opportunities, but I want you to focus on one smaller momentum stock today.
I think this stock was headed for a breakout but then got knocked down with the market dip.
It’s now 18% lower from the peak just two days ago, and I think it looks amazing right here.
Go to your platform and pull up Knightscope Inc. (KSCP) right now, and I’ll show you why I like it so much.
Below is an hourly chart from the last few weeks.
Did you notice that when KSCP started to trade back above the hourly level (“Gamma Trigger” signal), it regained momentum and rallied higher?
In fact, both of those moves led to 40% gains in a few days’ time.
As I was watching KSCP yesterday, it looked like it was about to retest the $.33 level, and then shoot higher.
Unfortunately, the market chaos sent shares lower, and the breakout faltered again.
Also, look at the increasing trading volume on the lower indicator. That tells me that there is increasing interest in the stock right now.
I don’t expect that to die down, in fact, I think it could bring a lot of dip buyers to the party, especially with the 18% drop we just saw.
I think today is a very important time for KSCP, and you need to watch it right away.
First, I am watching to make sure the $.26 level (low from yesterday), holds up. If that gets taken out, then I think this trend will remain broken for a while.
On the upside, however, I think that a re-test of the $.33 level is entirely possible.
That would be a 25% move higher from the price right now.
KSCP has had trouble breaking through that resistance level. The stock has been rejected at that level many times since June.
If it manages to break this time (and with the recent volume surge, it might!), there is a lot of open range above it.
I don’t want to speculate too much about that. It would be a nice gift if it does, and I’ll send you an update with my thoughts if it does happen.
No matter what, today is a pivotal day for KSCP.
If you like low-priced, fast-moving smaller stocks like I do, then this one absolutely needs to be on your watchlist right now.
Do your homework on this right away and see if you agree with me.
Here are some notes I made while I was looking into it myself.
Knightscope Inc. is a Silicon Valley-based robotics and AI company with a vision to transform the security industry in the U.S.
In fact, it is already doing so, with nearly 10,000 security robots deployed across the country in venues such as airports, casinos, college campuses, public parks, and hospitals.
Established in 2013 in the wake of the Sandy Hook school shooting, the company is widely considered the “first mover” in security robots, and over the years its clients have included Dulles and LaGuardia airports, Microsoft, NBC Universal, Uber, the Veterans Department and Border Patrol, the U.S. Air Force, and many more.
To date, its robots have operated nearly 3 million hours, working 24 hours a day and 365 days a year. It turns out robots don’t care much about holidays!
A January 2024 article in Forbes describes KSCP as the “current market leader” in security bots and notes that it “has been securing larger and larger orders throughout 2023.”
In September, New York City mayor Eric Adams joined the NYPD to unveil a Knightscope robot that would be patrolling the Times Square subway station, as reported by CNBC.
NYC Mayor Eric Adams with a Knightscope security robot
According to KSCP, the goal of its robots is not to replace police officers or security guards, but to augment them with “superhuman capabilities” such as facial recognition, thermal scanning, hidden weapons detection, and license plate recognition.
The company offers a variety of robots, including stationary towers, entry scanners, and mobile robots for indoor and outdoor use.
Knightscope robots
Just last month, it announced a partnership with drone manufacturer Draganfly to integrate its security-robot technologies with Draganfly’s drones “to form a unified autonomous offering committed to reimagining public safety.”
KSCP is a dynamic company, and almost as impressive as what it has accomplished is where it sees itself going…
Its vision includes “millions” of networked machines — including “autonomous security robots, blue light emergency towers, e-phones, call boxes, aerial drones, autonomous patrol vehicles, quadrupeds, humanoids, and other future technologies” — leveraging Artificial Intelligence to transform the security landscape.
The company has an impressive marketing program that includes a “robot roadshow” that “has made over 100 stops nationwide to allow prospective clients to experience Knightscope’s technologies up close.”
Here’s a quick video showing a roadshow stop in Los Angeles.
On the financial front, the company’s yearly revenues have been growing rapidly. Its 2023 revenues were $12.8 million — up 128% from 2022 and 276% from 2021.
In April, it reported 18 contracts for new businesses and 5 renewal agreements valued at $1 million. In May, it added 7 new contracts and 2 renewals valued at $700,000.
Those are just a few of the announced contracts that have dollar values attached to them. Check out the company’s press releases here for a full breakdown of their new sales across an impressive variety of sectors.
In particular, the company seems to be angling for increased government contracts…
In late April, it presented to members of Congress at the Hart Senate Office Building and announced compliance with the Buy America and the Buy American Act, which will open the company to considerable federal funding.
The next week, KSCPrevealed that one of its robots “is patrolling on a U.S. Department of Veterans Affairs property. …. opening the door for new stakeholders to begin evaluating the use of Knightscope technologies among other federal departments and agencies.”
The company’s very impressive investor deck (which I highly recommend checking out), says it has a “stretch target is to achieve profitability for the 4th quarter 2024” which it elaborated on in this press release.
Spend time right now doing your own research on the stock, and of course, always approach your trading in a responsible manner. Trading is very risky, and nothing is ever guaranteed, so never trade with more than you can afford to lose. Please read the full disclaimer at the bottom of this email as well so you are aware of additional risks and considerations. Always have a well-thought-out game plan that takes your personal risk tolerance into consideration.
Bottom line: The market rebound today could re-ignite KSCP today, and we might see the uptrend continue if that happens.
There is a lot of momentum behind this stock right now, and I encourage you to get KSCP on your watchlist right away.
This could be a big day for the company!
To Your Success,
P.S. Make sure you join me and over 1000 traders in the Market Master’s trading roomtoday for live trading signals and education. You can access it at no cost right now.
*Just so you know, what you’re reading is curated content for which we have received a monetary fee (detailed below) to create and distribute. Let’s be clear that investing can be quite the roller coaster as stock prices can have wild swings up and down, so consider those crucial risks before you ever consider trading anything we discuss. Make sure you check out our full disclosure down below for the details on how we were paid, the risks, and why these results aren’t what you’d call “typical.”
Just a quick heads up about this ad you’re reading—as we’ve said, even though we like the company referenced above, and all the facts we discussed above are true to the best of our knowledge, we are running a business here. To distribute this information and help offset the costs of maintaining our large digital audience, in advance of writing the content above, we received twenty five thousand dollars (cash) from Sica Media for advertising Knightscope, Inc for a one day marketing program starting on July 19, 2024. Before that, we received seventeen thousand five hundred dollars from Shore Thing Media for advertising Knightscope on April 24, 2024. These amounts were paid by someone else not connected to Knightscope, Inc. It might be obvious, but whoever paid for this might own shares and is likely looking to sell some or all of them at any time after we send out this information, which might affect the stock price. We may also buy or sell shares in the company at some point in the future, although neither RagingBull nor its owners own any shares of the company at this time. Also, keep in mind that due to the sheer size of our audience, if even a small percentage of people decide they want to buy this stock, it could potentially boost interest enough to hike up those share prices and cause a temporary spike, and the opposite is possible as our program ends, though that is not always the case.
Now, diving right into Knightscope, Inc might sound exciting. But remember, it’s like venturing into the wilderness—be aware that there’s exceptional risk involved in trading. This isn’t small potatoes we’re talking about; you could lose every dime you put in, so always carefully think about what you’re doing. That’s why they call this trading, after all. We’re shining a light on the good stuff about the company here, but it’s on you to do your homework, make your own calls, and determine a plan for your own trading, hopefully with the help of your professional 1nvestment advis0r.
Oh, that brings us to another crucial point—we’re not here to tell you (or even recommend) what you should do with your hard-earned money. We’re simply sharing our non-expert thoughts by highlighting some companies we like that could use some help telling their story to more people. We’re obviously biased in our writing. We’re not here to dig into anything that may be negative about the company; this is advertising, after all! Also, keep in mind that if we make some predictions about the future, these are technically known as “forward-L00king statements” under the securities acts, so take those with a grain of salt. As with all forecasts, they’re not set in stone, often wrong, and we certainly can’t know where the Company’s earnings, business, or share price will be tomorrow or a year from now.
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