The stock of QuantumScape Corporation (NYSE:QS) last traded at $6.86, down -4.99% from the previous session.
Data from the available sources indicates that QuantumScape Corporation (NYSE:QS) is covered by 6 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $14.00 and a low of $4.00, we find $10.00. Given the previous closing price of $7.22, this indicates a potential upside of 38.5 percent. QS stock price is now -21.07% away from the 50-day moving average and -43.68% away from the 200-day moving average. The market capitalization of the company currently stands at $2.96B.
In total, 5 analysts have assigned it a hold rating, and 0 have given it a buy rating. Brokers who have rated the stock have averaged $9.57 as their price target over the next twelve months.
On September 29, 2022, Truist recently initiated its ‘Hold’ rating on the stock quoting a target price of $10, while ‘Deutsche Bank’ rates the stock as ‘Hold’.
In other news, MCCARTHY MICHAEL O III, Chief Legal Officer sold 20,000 shares of the company’s stock on Nov 17. The stock was sold for $143,012 at an average price of $7.15. Upon completion of the transaction, the Chief Legal Officer now directly owns 392,771 shares in the company, valued at $2.69 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 09, Chief Development Officer Singh Mohit sold 8,500 shares of the business’s stock. A total of $64,825 was realized by selling the stock at an average price of $7.63. This leaves the insider owning 302,157 shares of the company worth $2.07 million. Insiders disposed of 16,525,217 shares of company stock worth roughly $113.36 million over the past 1 year. A total of 1.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in QS stock. A new stake in QuantumScape Corporation shares was purchased by SCULPTOR CAPITAL LP during the first quarter worth $2,058,000. JUMP FINANCIAL, LLC invested $1,979,000 in shares of QS during the first quarter. In the first quarter, VOLORIDGE INVESTMENT MANAGEMENT, LLC acquired a new stake in QuantumScape Corporation valued at approximately $1,728,000. BNP PARIBAS ARBITRAGE, SNC acquired a new stake in QS for approximately $1,684,000. PARALLAX VOLATILITY ADVISERS, L.P. purchased a new stake in QS valued at around $963,000 in the second quarter. In total, there are 412 active investors with 36.70% ownership of the company’s stock.
With an opening price of $7.01 on Monday morning, QuantumScape Corporation (NYSE: QS) set off the trading day. During the past 12 months, QuantumScape Corporation has had a low of $6.73 and a high of $36.74. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 25.70, and a quick ratio of 25.70. The fifty day moving average price for QS is $8.69 and a two-hundred day moving average price translates $12.18 for the stock.
The latest earnings results from QuantumScape Corporation (NYSE: QS) was released for Sep, 2022. According to the Auto Parts Company, earnings per share came in at -$0.27, missing analysts’ expectations of -$0.21 by -0.06. This compares to $0.04 EPS in the same period last year. The company reported revenue of $120.65 million for the quarter, compared to $53.83 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 124.13 percent.
QuantumScape Corporation(QS) Company Profile
QuantumScape Corporation, a 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.