QuantumScape (NYSE:QS) Posts Earnings Results

QuantumScape (NYSE:QS) released its quarterly earnings data on Wednesday. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.03), Briefing.com reports. During the same quarter in the previous year, the company earned ($0.26) EPS.

QuantumScape Price Performance

QuantumScape stock traded up $0.15 during mid-day trading on Friday, hitting $7.03. 9,094,787 shares of the company traded hands, compared to its average volume of 9,523,271. QuantumScape has a one year low of $4.67 and a one year high of $13.86. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of -7.27 and a beta of 4.62. The company has a debt-to-equity ratio of 0.03, a quick ratio of 10.38 and a current ratio of 10.38. The stock has a fifty day moving average price of $5.96 and a 200-day moving average price of $6.19.

Analysts Set New Price Targets

A number of research analysts recently weighed in on QS shares. UBS Group dropped their price target on shares of QuantumScape from $9.00 to $5.00 and set a “neutral” rating on the stock in a research report on Thursday, April 25th. Truist Financial decreased their price objective on shares of QuantumScape from $8.00 to $6.00 and set a “hold” rating for the company in a report on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $6.45.

Insider Transactions at QuantumScape

In related news, insider Michael O. Mccarthy III sold 22,554 shares of QuantumScape stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $5.72, for a total value of $129,008.88. Following the transaction, the insider now owns 1,207,500 shares in the company, valued at approximately $6,906,900. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other QuantumScape news, insider Michael O. Mccarthy III sold 22,554 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $5.72, for a total value of $129,008.88. Following the completion of the sale, the insider now owns 1,207,500 shares in the company, valued at $6,906,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jagdeep Singh sold 192,280 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $5.85, for a total transaction of $1,124,838.00. Following the completion of the transaction, the director now owns 2,809,253 shares in the company, valued at approximately $16,434,130.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 847,562 shares of company stock worth $4,869,703. 10.18% of the stock is currently owned by insiders.

About QuantumScape

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.