In yesterday’s Wall Street session, QuantumScape Corp (NYSE:QS) shares traded at $6.83, up 7.73% 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 $7.00. Given the previous closing price of $6.34, this indicates a potential upside of 10.41 percent. QS stock price is now 14.00% away from the 50-day moving average and -6.89% away from the 200-day moving average. The market capitalization of the company currently stands at $3.34B.
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 $6.81 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 16,199 shares of the company’s stock on Nov 29. The stock was sold for $100,207 at an average price of $6.19. Upon completion of the transaction, the Chief Legal Officer now directly owns 793,702 shares in the company, valued at $5.42 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 20, Chief Financial Officer Hettrich Kevin sold 45,981 shares of the business’s stock. A total of $279,486 was realized by selling the stock at an average price of $6.08. This leaves the insider owning 573,436 shares of the company worth $3.92 million. Insiders disposed of 2,775,614 shares of company stock worth roughly $18.96 million over the past 1 year. A total of 34.19% of the company’s stock is owned by insiders.
Friday morning saw QuantumScape Corp (NYSE: QS) opened at $6.30. 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 $6.00 and a two-hundred day moving average price translates $7.31 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.
