QuantumScape (QS) Expected to Announce Quarterly Earnings on Wednesday

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

QuantumScape Stock Performance

NYSE:QS opened at $5.02 on Tuesday. The company has a market cap of $2.57 billion, a P/E ratio of -5.28 and a beta of 4.45. The firm’s 50 day moving average is $5.26 and its two-hundred day moving average is $5.47. QuantumScape has a fifty-two week low of $4.65 and a fifty-two week high of $9.52. The company has a quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.03.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on QS shares. HSBC raised QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 target price on the stock in a research report on Tuesday, November 19th. Hsbc Global Res upgraded QuantumScape to a “hold” rating in a report on Tuesday, November 19th. Finally, Truist Financial reiterated 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. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $6.26.

Insiders Place Their Bets

In related news, insider Mohit Singh sold 97,305 shares of QuantumScape stock in a transaction on Friday, December 27th. The shares were sold at an average price of $6.24, for a total transaction of $607,183.20. Following the sale, the insider now owns 1,092,020 shares of the company’s stock, valued at $6,814,204.80. The trade was a 8.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Kevin Hettrich sold 55,647 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $5.05, for a total transaction of $281,017.35. Following the completion of the transaction, the chief financial officer now owns 1,022,743 shares in the company, valued at $5,164,852.15. This represents a 5.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 573,409 shares of company stock worth $3,090,581 over the last quarter. 12.03% of the stock is owned by corporate 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.