The price of QuantumScape Corp (NYSE:QS) shares last traded on Wall Street fell -1.23% to $5.64.
Based on available information, 8 analysts follow 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 $6.50. Given the previous closing price of $5.71, this indicates a potential upside of 13.84 percent. QS stock price is now -7.88% away from the 50-day moving average and -24.00% away from the 200-day moving average. The market capitalization of the company currently stands at $2.76B.
Among analysts, 5 rate the stock a hold while 1 rate it a buy. 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, Hettrich Kevin, Chief Financial Officer sold 45,981 shares of the company’s stock on Nov 20. The stock was sold for $279,486 at an average price of $6.08. Upon completion of the transaction, the Chief Financial Officer now directly owns 573,436 shares in the company, valued at $3.23 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 08, Chief Legal Officer MCCARTHY MICHAEL O III sold 43,476 shares of the business’s stock. A total of $250,830 was realized by selling the stock at an average price of $5.77. This leaves the insider owning 829,798 shares of the company worth $4.68 million. Insiders disposed of 2,645,222 shares of company stock worth roughly $14.92 million over the past 1 year. A total of 34.22% of the company’s stock is owned by insiders.
A candlestick chart of QuantumScape Corp (NYSE: QS) showed a price of $5.78 on Wednesday morning. 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 $6.12 and a two-hundred day moving average price translates $7.42 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 -$0.23, beating analysts’ expectations of -$0.3 by 0.07. 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.
