Even a brief look at the stock markets today is enough to show that technology is in the driver’s seat. Of the ten largest publicly traded companies on Wall Street, the mega-cap firms that dominate the headlines and the trading, the top eight are all technology companies – and all of them are valued at over $1 trillion.
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But the tech giants are not the only plays in town. A savvy investor can find plenty of opportunities among the smaller companies on Wall Street, it just takes a look beyond the obvious. Plenty of micro-cap and small-cap tech companies live there, and each brings its own suite of attributes and advantages to vie for attention.
Robotics is a field that investors should expect to show gains going forward – in a way, it’s just the physical embodiment of the artificial intelligence that has been generating so much hype in recent years. And the companies that specialize in applied robotics, putting mobile AI to work for all of us, will find themselves in a strong position to realize those gains.
Against this backdrop, we’ve used the TipRanks database to pinpoint two of these under-the-radar stocks, each a robotics company that features recent positive endorsements from the analysts. Let’s dive in.
Knightscope (KSCP)
The first stock we’ll look at is Knightscope, a company that has created a line of autonomous security robots. The company’s product lines feature autonomous patrolling robots, capable of providing mobile audio and video surveillance for public spaces and commercial properties around the clock; stationary remote-controlled monitoring devices, capable of providing 360-degree observation around a fixed point; automated audio gunshot detection devices, capable of pinpointing gunshots in time and place, and then alerting the police; and a range of emergency contact devices – callboxes and e-phones designed to put the public in contact with first responders when cell phones are not available.
Taken together, Knightscope’s robots put modern technology – networking, remote access and control, audio/visual surveillance, and autonomous movement – at the service of first responders, property owners, and the public. The company’s robots are designed to provide effective monitoring of sensitive areas, and rapid contact with appropriate authorities, when a 24-hour human presence is not practicable.
