In yesterday’s Wall Street session, QuantumScape Corp (NYSE:QS) shares traded at $5.22, down -1.32% from the previous session.
8 analysts cover QuantumScape Corp (NYSE:QS), according to research data. 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 $6.50. Given the previous closing price of $5.29, this indicates a potential upside of 22.87 percent. QS stock price is now -19.83% away from the 50-day moving average and -31.53% away from the 200-day moving average. The market capitalization of the company currently stands at $2.51B.
The stock has received a hold rating from 5 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $6.75 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 $1.53 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 $3.16 million. Insiders disposed of 2,945,596 shares of company stock worth roughly $15.38 million over the past 1 year. A total of 34.38% of the company’s stock is owned by insiders.
On Tuesday morning QuantumScape Corp (NYSE: QS) stock kicked off with the opening price of $5.26. 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 0.07, a current ratio of 24.57, and a quick ratio of 24.57. The fifty day moving average price for QS is $6.48 and a two-hundred day moving average price translates $7.61 for the stock.
The latest earnings results from QuantumScape Corp (NYSE: QS) was released for Sep, 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 -$0.27 EPS in the same period last year. The company reported revenue of $120.87 million for the quarter, compared to $120.65 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.18 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.
