QuantumScape (NYSE:QS - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Wednesday, October 23rd. Analysts expect QuantumScape to post earnings of ($0.21) per share for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.
QuantumScape (NYSE:QS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.03). During the same quarter in the previous year, the firm earned ($0.26) earnings per share. On average, analysts expect QuantumScape to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
QuantumScape Stock Performance
Shares of QS stock traded up $0.02 during midday trading on Wednesday, hitting $5.52. The company had a trading volume of 3,885,775 shares, compared to its average volume of 8,310,839. QuantumScape has a 52-week low of $4.67 and a 52-week high of $10.03. The company has a debt-to-equity ratio of 0.03, a current ratio of 8.66 and a quick ratio of 8.66. The company's 50 day simple moving average is $5.71 and its 200 day simple moving average is $5.83. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of -5.74 and a beta of 4.58.
Insider Activity
In other news, insider Michael O. Mccarthy III sold 222,476 shares of QuantumScape stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $6.58, for a total transaction of $1,463,892.08. Following the completion of the sale, the insider now directly owns 1,283,847 shares in the company, valued at approximately $8,447,713.26. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Michael O. Mccarthy III sold 222,476 shares of the company's stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $6.58, for a total value of $1,463,892.08. Following the sale, the insider now owns 1,283,847 shares of the company's stock, valued at approximately $8,447,713.26. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Timothy Holme sold 44,306 shares of the firm's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $6.11, for a total value of $270,709.66. Following the transaction, the chief technology officer now directly owns 1,168,496 shares of the company's stock, valued at $7,139,510.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,126,067 shares of company stock worth $6,659,475 in the last 90 days. 10.18% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several brokerages have issued reports on QS. Truist Financial dropped their price objective on shares of QuantumScape from $7.00 to $6.00 and set a "hold" rating on the stock in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $6.00 price target on shares of QuantumScape in a research note on Tuesday, September 10th. Finally, Wolfe Research began coverage on shares of QuantumScape in a research report on Thursday, September 5th. They issued an "underperform" rating for the company. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $5.94.
Check Out Our Latest Analysis on QS
QuantumScape Company Profile
(
Get Free Report)
QuantumScape Corporation, a research and development stage company, focuses on the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications. The company was founded in 2010 and is headquartered in San Jose, California.
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