QuantumScape (QS) Scheduled to Post Earnings on Wednesday

QuantumScape (NYSE:QS) is set to issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of ($0.20) per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

QuantumScape (NYSE:QS) last issued its quarterly earnings results on Wednesday, February 14th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.04). During the same period last year, the company posted ($0.25) earnings per share. On average, analysts expect QuantumScape to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

QuantumScape Stock Up 0.5 %

QS stock opened at $5.39 on Tuesday. QuantumScape has a 1-year low of $4.99 and a 1-year high of $13.86. The stock has a market cap of $2.67 billion, a P/E ratio of -5.61 and a beta of 4.76. The stock’s fifty day simple moving average is $6.08 and its two-hundred day simple moving average is $6.44. The company has a current ratio of 18.98, a quick ratio of 18.98 and a debt-to-equity ratio of 0.03.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on QS shares. Robert W. Baird raised their target price on QuantumScape from $5.00 to $8.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Truist Financial decreased their target price on QuantumScape from $8.00 to $6.00 and set a “hold” rating for the company in a research report on Monday. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, QuantumScape currently has a consensus rating of “Hold” and an average price target of $6.46.

Insider Buying and Selling

In related news, insider Michael O. Mccarthy III sold 21,840 shares of QuantumScape stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $6.17, for a total value of $134,752.80. Following the completion of the sale, the insider now owns 731,629 shares of the company’s stock, valued at approximately $4,514,150.93. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Kevin Hettrich sold 34,607 shares of QuantumScape stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $6.54, for a total value of $226,329.78. Following the completion of the sale, the chief financial officer now owns 554,553 shares of the company’s stock, valued at approximately $3,626,776.62. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Michael O. Mccarthy III sold 21,840 shares of QuantumScape stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $6.17, for a total value of $134,752.80. Following the transaction, the insider now directly owns 731,629 shares of the company’s stock, valued at approximately $4,514,150.93. The disclosure for this sale can be found here. In the last 90 days, insiders sold 194,970 shares of company stock valued at $1,250,775. 10.18% of the stock is owned by insiders.

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.