QuantumScape (QS) to Release Earnings on Wednesday

QuantumScape (NYSE:QS - Get Free Report) is projected to post its Q4 2024 quarterly earnings results after the market closes on Wednesday, February 12th. Analysts expect QuantumScape to post earnings of ($0.21) per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.

QuantumScape (NYSE:QS - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates 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 Trading Up 6.9 %

Shares of NYSE QS traded up $0.34 during trading on Thursday, reaching $5.17. The stock had a trading volume of 30,874,825 shares, compared to its average volume of 15,973,816. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07. The company has a market cap of $2.65 billion, a P/E ratio of -5.44 and a beta of 4.45. QuantumScape has a fifty-two week low of $4.65 and a fifty-two week high of $9.52. The business's 50-day moving average price is $5.26 and its 200-day moving average price is $5.45.

Analyst Upgrades and Downgrades

Several equities analysts have commented on QS shares. HSBC upgraded shares of QuantumScape from a "reduce" rating to a "hold" rating and set a $5.30 price target for the company in a research note on Tuesday, November 19th. Truist Financial restated a "hold" rating and set a $7.00 price target (up previously from $6.00) on shares of QuantumScape in a report on Friday, October 25th. Finally, Hsbc Global Res upgraded shares of QuantumScape to a "hold" rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $6.26.

Insider Buying and Selling at QuantumScape

In related news, Director Fritz Prinz sold 12,908 shares of the firm's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $5.04, for a total transaction of $65,056.32. Following the transaction, the director now owns 241,195 shares of the company's stock, valued at $1,215,622.80. This trade represents a 5.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael O. Mccarthy III sold 27,305 shares of the business's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $5.07, for a total transaction of $138,436.35. Following the completion of the transaction, the insider now directly owns 1,129,167 shares in the company, valued at $5,724,876.69. This represents a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 567,878 shares of company stock worth $3,062,871 over the last three months. Insiders own 12.03% of the company's stock.

About QuantumScape

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.