Stocks of QuantumScape Corp (NYSE:QS) traded higher last session on Wall Street, down -5.26% to $5.94.
QS stock price is now -7.11% away from the 50-day moving average and -15.50% away from the 200-day moving average. The market capitalization of the company currently stands at $2.95B.
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 Apr 08 ’24. The stock was sold for $212,618 at an average price of $6.14. Upon completion of the transaction, the CHIEF FINANCIAL OFFICER now directly owns 1,178,512 shares in the company, valued at $7.0 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 11 ’24, CHIEF FINANCIAL OFFICER Hettrich Kevin sold 34,607 shares of the business’s stock. A total of $211,383 was realized by selling the stock at an average price of $6.11. This leaves the insider owning 556,302 shares of the company worth $3.3 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 $6.39 and a two-hundred day moving average price translates $7.03 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.
