QuantumScape (QS) Set to Announce Quarterly Earnings on Tuesday

QuantumScape (NYSE:QSGet Rating) will issue its quarterly earnings data after the market closes on Tuesday, April 26th. Analysts expect the company to announce earnings of ($0.17) per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

QuantumScape (NYSE:QSGet Rating) last released its quarterly earnings data on Wednesday, February 16th. The company reported ($0.16) earnings per share (EPS) for the quarter. During the same quarter in the prior year, the business earned ($0.15) 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 opened at $17.17 on Tuesday. The business has a 50 day moving average of $16.94 and a 200-day moving average of $22.03. QuantumScape has a 1 year low of $13.21 and a 1 year high of $43.08. The company has a debt-to-equity ratio of 0.02, a current ratio of 47.81 and a quick ratio of 47.81. The company has a market capitalization of $7.38 billion, a P/E ratio of -28.15 and a beta of 9.08.

In other QuantumScape news, insider Mohit Singh sold 5,360 shares of the firm’s stock in a transaction on Tuesday, February 22nd. The stock was sold at an average price of $15.32, for a total transaction of $82,115.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CTO Timothy Holme sold 288,519 shares of the firm’s stock in a transaction on Wednesday, February 23rd. The shares were sold at an average price of $14.37, for a total value of $4,146,018.03. The disclosure for this sale can be found here. Over the last quarter, insiders sold 957,174 shares of company stock worth $15,845,314. 16.22% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in the company. American International Group Inc. increased its position in shares of QuantumScape by 63.0% during the 3rd quarter. American International Group Inc. now owns 3,539 shares of the company’s stock valued at $87,000 after purchasing an additional 1,368 shares during the last quarter. NEXT Financial Group Inc increased its position in shares of QuantumScape by 54.6% during the 4th quarter. NEXT Financial Group Inc now owns 7,920 shares of the company’s stock valued at $176,000 after purchasing an additional 2,798 shares during the last quarter. Metropolitan Life Insurance Co NY increased its holdings in QuantumScape by 32.0% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 12,998 shares of the company’s stock worth $288,000 after acquiring an additional 3,150 shares during the last quarter. MML Investors Services LLC increased its holdings in QuantumScape by 39.1% in the 4th quarter. MML Investors Services LLC now owns 13,676 shares of the company’s stock worth $303,000 after acquiring an additional 3,847 shares during the last quarter. Finally, Belpointe Asset Management LLC increased its holdings in QuantumScape by 63.8% in the 4th quarter. Belpointe Asset Management LLC now owns 13,968 shares of the company’s stock worth $259,000 after acquiring an additional 5,438 shares during the last quarter. 20.03% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have weighed in on QS shares. UBS Group started coverage on shares of QuantumScape in a research report on Friday, January 28th. They set a “neutral” rating and a $18.00 target price for the company. Morgan Stanley decreased their target price on shares of QuantumScape from $40.00 to $30.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 23rd. JPMorgan Chase & Co. decreased their target price on shares of QuantumScape from $40.00 to $27.00 and set a “neutral” rating for the company in a research report on Tuesday, February 22nd. Zacks Investment Research downgraded shares of QuantumScape from a “hold” rating to a “strong sell” rating in a research report on Friday, February 25th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of QuantumScape in a research report on Tuesday, April 12th. They set a “hold” rating and a $20.00 target price for the company. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $23.33.

QuantumScape Company Profile (Get Rating)

QuantumScape Corporation, a 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.

See Also

Earnings History for QuantumScape (NYSE:QS)

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