QuantumScape Corp (NYSE:QS) shares traded -1.20% lower at $5.75 on Wall Street last session.
QS stock price is now -12.10% away from the 50-day moving average and -18.82% away from the 200-day moving average. The market capitalization of the company currently stands at $2.85B.
On December 04, 2023, HSBC Securities recently initiated its ‘Reduce’ rating on the stock quoting a target price of $4.70, while ‘Evercore ISI’ rates the stock as ‘Outperform’
In other news, Hettrich Kevin, CHIEF FINANCIAL OFFICER sold 34,607 shares of the company’s stock on Mar 11 ’24. The stock was sold for $211,383 at an average price of $6.11. Upon completion of the transaction, the CHIEF FINANCIAL OFFICER now directly owns 556,302 shares in the company, valued at $3.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 05 ’24, CHIEF LEGAL OFFICER MCCARTHY MICHAEL O III sold 9,937 shares of the business’s stock. A total of $59,641 was realized by selling the stock at an average price of $6.00. This leaves the insider owning 711,756 shares of the company worth $4.09 million. A total of 32.28% 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 0.08, a current ratio of 18.98, and a quick ratio of 18.98. The fifty day moving average price for QS is $6.51 and a two-hundred day moving average price translates $7.08 for the stock.
The latest earnings results from QuantumScape Corp (NYSE: QS) was released for Dec, 2023. According to the Auto Parts Company, earnings per share came in at -$0.23, beating analysts’ expectations of -$0.34 by 0.11. This compares to -$0.25 EPS in the same period last year. The company reported revenue of $124.64 million for the quarter, compared to $113.43 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.88 percent.
