In yesterday’s Wall Street session, QuantumScape Corp (NYSE:QS) shares traded at $5.61, down -4.59% from the previous session.
As of this writing, 8 analysts cover QuantumScape Corp (NYSE:QS). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $10.00 and a low of $3.00, we find $7.50. Given the previous closing price of $5.88, this indicates a potential upside of 27.55 percent. QS stock price is now -15.46% away from the 50-day moving average and -26.72% away from the 200-day moving average. The market capitalization of the company currently stands at $2.72B.
There are 5 analysts who have given it a hold rating, whereas 1 have given it a buy rating. Brokers who have rated the stock have averaged $7.00 as their price target over the next twelve months.
With the price target of $10, Evercore ISI recently initiated with Outperform rating for QuantumScape Corp (NYSE: QS).
In other news, Straubel Jeffrey B, Director sold 69,309 shares of the company’s stock on Oct 04. The stock was sold for $451,139 at an average price of $6.51. Upon completion of the transaction, the Director now directly owns 292,644 shares in the company, valued at $1.64 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 04, Chief Financial Officer Hettrich Kevin sold 34,607 shares of the business’s stock. A total of $219,356 was realized by selling the stock at an average price of $6.34. This leaves the insider owning 606,087 shares of the company worth $3.4 million. Insiders disposed of 2,945,596 shares of company stock worth roughly $16.52 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 $5,738,000. HOLOCENE ADVISORS, LP invested $2,435,000 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 $1,772,000. GROUP ONE TRADING, L.P. acquired a new stake in QS for approximately $1,683,000. AMUNDI purchased a new stake in QS valued at around $1,652,000 in the second quarter. In total, there are 425 active investors with 21.28% ownership of the company’s stock.
Wednesday morning saw QuantumScape Corp (NYSE: QS) opened at $5.86. 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 $6.61 and a two-hundred day moving average price translates $7.65 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.
QuantumScape Corp(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. QuantumScape Corporation was founded in 2010 and is headquartered in San Jose, California.
