QuantumScape (NYSE:QS) Upgraded at William Blair

QuantumScape (NYSE:QS) was upgraded by William Blair to a “hold” rating in a report issued on Thursday, Zacks reports.

Several other equities analysts have also issued reports on QS. TD Cowen decreased their price target on shares of QuantumScape from $8.00 to $6.00 and set a “hold” rating for the company in a report on Friday, July 24th. Morgan Stanley dropped their price objective on QuantumScape from $8.50 to $4.50 and set an “equal weight” rating on the stock in a research note on Thursday, October 15th. Finally, Robert W. Baird reduced their target price on QuantumScape from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Thursday. Six investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $7.36.

QuantumScape Price Performance

Shares of QS opened at $4.03 on Thursday. The company has a current ratio of 21.14, a quick ratio of 21.14 and a debt-to-equity ratio of 0.02. The stock has a market cap of $2.50 billion, a P/E ratio of -4.98 and a beta of 2.83. The stock’s 50-day moving average price is $4.99 and its two-hundred day moving average price is $6.32. QuantumScape has a 1 year low of $3.80 and a 1 year high of $18.56.

QuantumScape (NYSE:QS) last released its quarterly earnings data on Wednesday, October 21st. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.03. During the same quarter in the prior year, the business posted ($0.18) EPS. The company’s revenue for the quarter was up .0% compared to the same quarter last year. On average, equities analysts predict that QuantumScape will post -0.82 earnings per share for the current year.

Insider Transactions at QuantumScape

In other QuantumScape news, CTO Timothy Holme sold 75,000 shares of QuantumScape stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $5.09, for a total value of $381,750.00. Following the sale, the chief technology officer owned 1,583,075 shares of the company’s stock, valued at $8,057,851.75. This trade represents a 4.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last three months, insiders sold 294,599 shares of company stock worth $1,473,271. 3.93% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its position in QuantumScape by 134.6% in the first quarter. Dimensional Fund Advisors LP now owns 5,735,035 shares of the company’s stock valued at $36,570,000 after purchasing an additional 3,290,942 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in QuantumScape during the 2nd quarter worth about $9,619,000. California State Teachers Retirement System lifted its position in QuantumScape by 23.3% during the 1st quarter. California State Teachers Retirement System now owns 491,725 shares of the company’s stock worth $3,137,000 after buying an additional 93,079 shares in the last quarter. AXQ Capital LP boosted its stake in shares of QuantumScape by 313.2% during the 2nd quarter. AXQ Capital LP now owns 463,653 shares of the company’s stock worth $3,505,000 after buying an additional 351,451 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in shares of QuantumScape by 145.5% during the 2nd quarter. Handelsbanken Fonder AB now owns 308,800 shares of the company’s stock worth $2,335,000 after buying an additional 183,000 shares during the last quarter. Institutional investors and hedge funds own 29.87% of the company’s stock.

Key QuantumScape News

Here are the key news stories impacting QuantumScape this week:

• Positive Sentiment: QuantumScape reported a third-quarter loss of $84.5 million, or $0.14 per share, narrower than both the prior-year loss and analysts’ $0.17-per-share estimate. Lower operating expenses helped improve results. QuantumScape’s Q3 Loss Narrows on Lower Operating Costs
• Positive Sentiment: The company announced plans for a 100-megawatt-hour solid-state battery production line, targeted to begin production in 2028, with applications in AI data centers, aerospace and defense. QuantumScape will work with Muehlbauer Group on manufacturing automation equipment. QuantumScape Announces Plans for 100 MWh Solid-State Battery Production Line
• Positive Sentiment: Management said potential AI data-center customers are seeking battery supply at volume, while QuantumScape recorded its first customer billings from Honda. These developments support the company’s effort to move beyond prototype production and toward commercial demand. QuantumScape: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: The production-line plan is strategically significant but remains a 2028 target; investors still need evidence of customer commitments, financing and successful manufacturing scale-up before assigning substantial commercial value.
• Negative Sentiment: Robert W. Baird lowered its price target from $8 to $6 and maintained a neutral rating, reflecting continued uncertainty despite the potential upside. Robert W. Baird QuantumScape Rating
• Negative Sentiment: Shares remain well below their 50-day and 200-day moving averages and have fallen sharply over the past year, while commentary suggests the stock may already reflect considerable future battery-expansion optimism.

QuantumScape Company Profile

QuantumScape Corporation is a development-stage battery technology company focused on solid-state lithium-metal batteries. Its technology is designed to replace the liquid or gel electrolytes used in conventional lithium-ion batteries with a solid-state separator, with the goal of improving energy density, charging performance, safety and operating range for electric vehicles.

The company is developing prototype battery cells and related manufacturing processes for automotive applications.