QuantumScape Corp (QS) Holding Strong: What’s pushing it?

In yesterday’s Wall Street session, QuantumScape Corp (NYSE:QS) shares traded at $5.46, down -5.04% 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 $5.75, this indicates a potential upside of 13.04 percent. QS stock price is now -13.85% away from the 50-day moving average and -27.69% away from the 200-day moving average. The market capitalization of the company currently stands at $2.67B.

The stock has received a hold rating from 5 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $6.69 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, MCCARTHY MICHAEL O III, Chief Legal Officer sold 43,476 shares of the company’s stock on Nov 08. The stock was sold for $250,830 at an average price of $5.77. Upon completion of the transaction, the Chief Legal Officer now directly owns 829,798 shares in the company, valued at $4.53 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 04, Director Straubel Jeffrey B sold 69,309 shares of the business’s stock. A total of $451,139 was realized by selling the stock at an average price of $6.51. This leaves the insider owning 292,644 shares of the company worth $1.6 million. Insiders disposed of 2,937,096 shares of company stock worth roughly $16.04 million over the past 1 year. A total of 34.20% of the company’s stock is owned by insiders.

On Thursday morning QuantumScape Corp (NYSE: QS) stock kicked off with the opening price of $5.77. During the past 12 months, QuantumScape Corp has had a low of $4.99 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 $6.34 and a two-hundred day moving average price translates $7.55 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.

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