QuantumScape (QS) Expected to Announce Quarterly Earnings on Wednesday

QuantumScape (NYSE:QS - Get Free Report) will likely be releasing its Q1 2025 earnings data after the market closes on Wednesday, April 23rd. Analysts expect the company to announce earnings of ($0.21) per share for the quarter.

QuantumScape (NYSE:QS - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported ($0.22) earnings per share 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 0.3 %

Shares of QS traded up $0.01 during trading hours on Monday, hitting $3.80. The company had a trading volume of 6,194,556 shares, compared to its average volume of 10,677,263. The firm has a market cap of $2.08 billion, a P/E ratio of -4.04 and a beta of 4.37. QuantumScape has a 52-week low of $3.40 and a 52-week high of $9.52. The stock's 50 day moving average price is $4.37 and its 200 day moving average price is $4.95. The company has a quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.03.

Insider Buying and Selling at QuantumScape

In other QuantumScape news, 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 transaction of $399,127.45. Following the completion of the transaction, the insider now owns 1,010,523 shares in the company, valued at $5,285,035.29. This trade represents a 7.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 of the company's stock, 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 180,147 shares of company stock valued at $935,758 in the last 90 days. Insiders own 12.03% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Evercore ISI reaffirmed a "hold" rating on shares of QuantumScape in a research report on Tuesday, February 25th. UBS Group downgraded QuantumScape from a "neutral" rating to a "sell" rating and cut their price target for the stock from $5.00 to $2.50 in a research note on Thursday, April 10th. Truist Financial cut their target price on QuantumScape from $7.00 to $6.00 and set a "hold" rating on the stock in a research note on Friday, February 14th. Finally, The Goldman Sachs Group cut 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. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $5.13.

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.