QuantumScape (QS) Projected to Post Earnings on Wednesday

QuantumScape (NYSE:QS - Get Free Report) is expected to release its earnings data after the market closes on Wednesday, April 23rd. Analysts expect QuantumScape to post earnings of ($0.21) per share for the quarter. Persons that wish to listen 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, February 12th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.01). 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 QuantumScape stock traded up $0.12 during trading on Friday, reaching $3.81. The company's stock had a trading volume of 5,705,309 shares, compared to its average volume of 10,677,303. The firm has a market cap of $2.08 billion, a PE ratio of -4.05 and a beta of 4.37. The company has a 50-day moving average price of $4.39 and a two-hundred day moving average price of $4.97. The company has a current ratio of 14.07, a quick ratio of 14.07 and a debt-to-equity ratio of 0.03. QuantumScape has a fifty-two week low of $3.40 and a fifty-two week high of $9.52.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. UBS Group lowered QuantumScape from a "neutral" rating to a "sell" rating and lowered their price target for the stock from $5.00 to $2.50 in a report on Thursday, April 10th. Truist Financial cut their price target on QuantumScape from $7.00 to $6.00 and set a "hold" rating for the company in a research note on Friday, February 14th. The Goldman Sachs Group lowered their price objective on shares of QuantumScape from $4.00 to $3.00 and set a "sell" rating on the stock in a research report on Thursday, April 10th. Finally, Evercore ISI restated a "hold" rating on shares of QuantumScape in a research note on Tuesday, February 25th. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $5.13.

Insider Buying and Selling

In other QuantumScape news, CFO Kevin Hettrich sold 53,975 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $5.23, for a total value of $282,289.25. Following the sale, the chief financial officer now owns 930,800 shares of the company's stock, valued at $4,868,084. This represents a 5.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael O. Mccarthy III sold 76,315 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $5.23, for a total value of $399,127.45. Following the sale, the insider now owns 1,010,523 shares in the company, valued at approximately $5,285,035.29. This trade represents a 7.02 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 180,147 shares of company stock valued at $935,758. Corporate insiders own 12.03% of the company's stock.

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.