QuantumScape (QS) to Release Earnings on Wednesday

QuantumScape (NYSE:QS - Get Free Report) is expected to be releasing its earnings data after the market closes on Wednesday, February 12th. Analysts expect QuantumScape to post earnings of ($0.21) per share for the quarter. Parties that wish to register for the company's conference call can do so using this link.

QuantumScape Price Performance

QS traded down $0.09 during trading on Friday, hitting $4.93. 12,372,276 shares of the stock traded hands, compared to its average volume of 12,386,714. QuantumScape has a twelve month low of $4.65 and a twelve month high of $9.52. The business has a 50 day moving average price of $5.27 and a 200 day moving average price of $5.50. 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 company has a market cap of $2.52 billion, a price-to-earnings ratio of -5.18 and a beta of 4.45.

Insider Activity at QuantumScape

In other QuantumScape news, Director Jagdeep Singh sold 5,531 shares of the business's stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $5.01, for a total value of $27,710.31. Following the transaction, the director now directly owns 2,590,583 shares of the company's stock, valued at approximately $12,978,820.83. The trade was a 0.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Fritz Prinz sold 12,908 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $5.04, for a total transaction of $65,056.32. Following the sale, the director now directly owns 241,195 shares of the company's stock, valued at approximately $1,215,622.80. This trade represents a 5.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 573,409 shares of company stock worth $3,090,581 over the last ninety days. Insiders own 12.03% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. HSBC upgraded shares of QuantumScape from a "reduce" rating to a "hold" rating and set a $5.30 price objective for the company in a research report on Tuesday, November 19th. Hsbc Global Res raised QuantumScape to a "hold" rating in a report on Tuesday, November 19th. Finally, Truist Financial restated a "hold" rating and set a $7.00 price target (up from $6.00) on shares of QuantumScape in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $6.26.

QuantumScape Company Profile

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.