In yesterday’s Wall Street session, QuantumScape Corp (NYSE:QS) shares traded at $6.26, up 4.33% 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 $6.00, this indicates a potential upside of 8.33 percent. QS stock price is now 0.65% away from the 50-day moving average and -16.52% away from the 200-day moving average. The market capitalization of the company currently stands at $3.06B.
Elon Musk just Triggered a BOOM in These Stocks
Something strange is happening in the stock market…. This select group of stocks are going absolutely bananas. And it's all because of Elon Musk. Get your copy of "Top 5 Tech Stocks to Buy in 2024"
Click Here to Download the FREE Report.
Sponsored
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 $5.19 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 $1.83 million. Insiders disposed of 2,937,096 shares of company stock worth roughly $18.39 million over the past 1 year. A total of 34.19% of the company’s stock is owned by insiders.
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 $6.22 and a two-hundred day moving average price translates $7.50 for the stock.
The latest earnings results from QuantumScape Corp (NYSE: QS) was released for Sep, 2023. 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.
