Why Knightscope (KSCP) Stock Is Rising During Wednesday's Session

Knightscope shares are trading higher by 16.7% during Wednesday's session. The company announced that it was granted an extension to regain compliance with the Nasdaq.

Knightscope Inc KSCP shares are trading higher by 16.7% to $0.33 during Wednesday’s session after the company announced that it was granted an extension to regain compliance with the Nasdaq.

Meanwhile, by August 16, Knightscope says the company must obtain shareholder approval for a reverse stock split. By September 20, they need to execute the reverse stock split and maintain a closing bid price of at least $1 for ten consecutive business days.

Finally, by October 4, Knightscope said it must demonstrate compliance by showing a closing bid price of $1 or more per share for ten consecutive trading sessions.

See Also: Nvidia Has ‘Multi-Year Lead’ On AMD, Intel: Bank Of America Analyst Expects Stock To Hit $1,500 Per Share

How To Buy KSCP Stock

By now you're likely curious about how to participate in the market for Knightscope – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the the case of Knightscope, which is trading at $0.33 as of publishing time, $100 would buy you 303.03 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, KSCP has a 52-week high of $2.24 and a 52-week low of $0.22.