QuantumScape (NYSE:QS - Get Free Report) issued its quarterly earnings results on Wednesday. The company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.01), Zacks reports.
QuantumScape Stock Performance
Shares of QuantumScape stock traded up $0.09 during trading hours on Friday, reaching $5.26. The company had a trading volume of 15,380,043 shares, compared to its average volume of 12,386,714. QuantumScape has a one year low of $4.65 and a one year high of $9.52. The business has a fifty day simple moving average of $5.27 and a 200 day simple moving average of $5.43. The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07. The firm has a market cap of $2.69 billion, a PE ratio of -5.53 and a beta of 4.45.
Insider Transactions at QuantumScape
In other news, insider Mohit Singh sold 97,305 shares of QuantumScape stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $6.24, for a total value of $607,183.20. Following the transaction, the insider now owns 1,092,020 shares in the company, valued at approximately $6,814,204.80. The trade was a 8.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kevin Hettrich sold 36,949 shares of QuantumScape stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $5.06, for a total value of $186,961.94. Following the completion of the transaction, the chief financial officer now owns 1,024,325 shares in the company, valued at approximately $5,183,084.50. This represents a 3.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 567,878 shares of company stock valued at $3,062,871 over the last three months. Company insiders own 12.03% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently commented on QS. Hsbc Global Res raised QuantumScape to a "hold" rating in a research report on Tuesday, November 19th. Truist Financial decreased their target price on QuantumScape from $7.00 to $6.00 and set a "hold" rating for the company in a research report on Friday. Finally, HSBC raised QuantumScape from a "reduce" rating to a "hold" rating and set a $5.30 target price for the company in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $6.06.
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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