QuantumScape Co. (NYSE:QS – Get Free Report) Director Jeffrey B. Straubel sold 69,309 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $7.00, for a total transaction of $485,163.00. Following the completion of the sale, the director now owns 292,644 shares of the company’s stock, valued at $2,048,508. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
QuantumScape Trading Down 1.4 %
NYSE QS opened at $6.87 on Friday. The company has a fifty day simple moving average of $8.57 and a two-hundred day simple moving average of $7.78. The stock has a market cap of $3.07 billion, a P/E ratio of -6.73 and a beta of 5.28. QuantumScape Co. has a 12-month low of $5.11 and a 12-month high of $13.86. The company has a current ratio of 19.25, a quick ratio of 19.25 and a debt-to-equity ratio of 0.03.
QuantumScape (NYSE:QS – Get Free Report) last posted its quarterly earnings results on Wednesday, July 26th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.04). During the same period last year, the firm earned ($0.22) EPS. On average, analysts forecast that QuantumScape Co. will post -0.98 earnings per share for the current year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on QS shares. Wolfe Research downgraded shares of QuantumScape from a “peer perform” rating to an “underperform” rating and set a $2.00 target price for the company. in a research note on Thursday, June 8th. TD Cowen downgraded shares of QuantumScape from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $14.00 to $8.00 in a research note on Wednesday, July 19th. The Goldman Sachs Group raised their target price on shares of QuantumScape from $4.00 to $6.00 and gave the company a “sell” rating in a research note on Tuesday, August 1st. Finally, Truist Financial raised their target price on shares of QuantumScape from $8.00 to $10.00 and gave the company a “hold” rating in a research note on Tuesday, July 25th. Three analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to MarketBeat.com, QuantumScape has an average rating of “Reduce” and an average target price of $6.17.
QuantumScape Corporation, a development stage company, focuses on the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications. QuantumScape Corporation was founded in 2010 and is headquartered in San Jose, California.
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