In yesterday’s Wall Street session, QuantumScape Corp (NYSE:QS) shares traded at $6.97, up 6.09% from the previous session.
As of this writing, 9 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 $6.57, this indicates a potential upside of 6.54 percent. QS stock price is now 15.07% away from the 50-day moving average and -3.36% away from the 200-day moving average. The market capitalization of the company currently stands at $3.41B.
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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 $6.47 as their price target over the next twelve months.
With the price target of $4.70, HSBC Securities recently initiated with Reduce rating for QuantumScape Corp (NYSE: QS).
In other news, MCCARTHY MICHAEL O III, Chief Legal Officer sold 44,848 shares of the company’s stock on Dec 06. The stock was sold for $315,802 at an average price of $7.04. Upon completion of the transaction, the Chief Legal Officer now directly owns 748,854 shares in the company, valued at $5.22 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 04, Director Straubel Jeffrey B sold 138,618 shares of the business’s stock. A total of $960,262 was realized by selling the stock at an average price of $6.93. This leaves the insider owning 292,644 shares of the company worth $2.04 million. Insiders disposed of 2,767,114 shares of company stock worth roughly $19.29 million over the past 1 year. A total of 33.70% of the company’s stock is owned by insiders.
Wednesday morning saw QuantumScape Corp (NYSE: QS) opened at $6.57. 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 $6.06 and a two-hundred day moving average price translates $7.21 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.
