In yesterday’s Wall Street session, QuantumScape Corp (NYSE:QS) shares traded at $6.35, up 1.93% from the previous session.
QS stock price is now -20.46% away from the 50-day moving average and -16.76% away from the 200-day moving average. The market capitalization of the company currently stands at $3.08B.
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With the price target of $10, Evercore ISI recently initiated with Outperform rating for QuantumScape Corp (NYSE: QS).
In other news, Hettrich Kevin, Chief Financial Officer sold 34,607 shares of the company’s stock on Sep 12. The stock was sold for $244,422 at an average price of $7.06. Upon completion of the transaction, the Chief Financial Officer now directly owns 604,204 shares in the company, valued at $3.84 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 05, Director Straubel Jeffrey B sold 69,309 shares of the business’s stock. A total of $485,191 was realized by selling the stock at an average price of $7.00. This leaves the insider owning 292,644 shares of the company worth $1.86 million. Insiders disposed of 2,867,180 shares of company stock worth roughly $18.21 million over the past 1 year. A total of 35.09% 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 Corp shares was purchased by CITADEL ADVISORS LLC during the first quarter worth $6,495,000. HOLOCENE ADVISORS, LP invested $2,756,000 in shares of QS during the first quarter. In the first quarter, MILLENNIUM MANAGEMENT LLC acquired a new stake in QuantumScape Corp valued at approximately $2,006,000. GROUP ONE TRADING, L.P. acquired a new stake in QS for approximately $1,905,000. AMUNDI purchased a new stake in QS valued at around $1,870,000 in the second quarter. In total, there are 425 active investors with 21.24% ownership of the company’s stock.
Wednesday morning saw QuantumScape Corp (NYSE: QS) opened at $6.35. During the past 12 months, QuantumScape Corp has had a low of $5.11 and a high of $13.86. As of last week, the company has a debt-to-equity ratio of 0.09, a current ratio of 19.25, and a quick ratio of 19.25. The fifty day moving average price for QS is $7.90 and a two-hundred day moving average price translates $7.63 for the stock.
The latest earnings results from QuantumScape Corp (NYSE: QS) was released for Jun, 2023. According to the Auto Parts Company, earnings per share came in at -$0.26, missing analysts’ expectations of -$0.2 by -0.06. This compares to -$0.22 EPS in the same period last year. The company reported revenue of $123.54 million for the quarter, compared to $95.87 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 28.86 percent.
