QuantumScape (QS) Projected to Post Earnings on Wednesday

QuantumScape (NYSE:QS) is expected to be issuing its quarterly earnings data after the market closes on Wednesday, February 12th. Analysts expect the company to announce earnings of ($0.21) per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

QuantumScape Stock Performance

Shares of QuantumScape stock opened at $5.02 on Tuesday. The firm has a market cap of $2.57 billion, a PE ratio of -5.28 and a beta of 4.45. QuantumScape has a 1 year low of $4.65 and a 1 year high of $9.52. The firm’s 50-day simple moving average is $5.26 and its 200-day simple moving average is $5.47. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07.

Analyst Ratings Changes

A number of research analysts have commented on QS shares. Truist Financial reaffirmed a “hold” rating and set a $7.00 target price (up previously from $6.00) on shares of QuantumScape in a report on Friday, October 25th. Hsbc Global Res upgraded QuantumScape to a “hold” rating in a research note on Tuesday, November 19th. Finally, HSBC upgraded shares of QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 target price for the company in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $6.26.

Insider Buying and Selling

In related news, Director Jagdeep Singh sold 5,531 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $5.01, for a total value of $27,710.31. Following the completion of the transaction, the director now directly owns 2,590,583 shares of the company’s stock, valued at $12,978,820.83. This represents a 0.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Fritz Prinz sold 12,908 shares of QuantumScape stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $5.04, for a total value of $65,056.32. Following the sale, the director now directly owns 241,195 shares in the company, valued at $1,215,622.80. The trade was a 5.08 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 573,409 shares of company stock valued at $3,090,581. Insiders own 12.03% of the company’s stock.

QuantumScape Company Profile

QuantumScape Corporation, a research and development stage company, focuses on the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications. The company was founded in 2010 and is headquartered in San Jose, California.