QuantumScape (QS) to Release Earnings on Wednesday

QuantumScape (NYSE:QS) will issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of ($0.20) per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

QuantumScape (NYSE:QS) last issued its quarterly earnings data on Wednesday, February 14th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.04). During the same quarter last year, the business earned ($0.25) 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 Performance

Shares of NYSE QS opened at $5.45 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 18.98 and a current ratio of 18.98. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of -5.68 and a beta of 4.77. The business’s 50-day simple moving average is $6.25 and its 200-day simple moving average is $6.47. QuantumScape has a 52 week low of $4.99 and a 52 week high of $13.86.

Insider Buying and Selling at QuantumScape

In other QuantumScape news, CFO Kevin Hettrich sold 34,607 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $6.14, for a total value of $212,486.98. Following the completion of the sale, the chief financial officer now owns 1,178,512 shares in the company, valued at approximately $7,236,063.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other QuantumScape news, CFO Kevin Hettrich sold 34,607 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $6.14, for a total value of $212,486.98. Following the completion of the sale, the chief financial officer now owns 1,178,512 shares in the company, valued at approximately $7,236,063.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael O. Mccarthy III sold 21,840 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $6.17, for a total value of $134,752.80. Following the completion of the sale, the insider now owns 731,629 shares of the company’s stock, valued at approximately $4,514,150.93. The disclosure for this sale can be found here. Insiders have sold 194,970 shares of company stock valued at $1,250,775 in the last 90 days. 10.18% of the stock is currently owned by insiders.

Institutional Trading of QuantumScape

A number of hedge funds have recently modified their holdings of QS. Clear Street Markets LLC bought a new position in shares of QuantumScape during the 4th quarter worth approximately $32,000. Tower Research Capital LLC TRC increased its holdings in QuantumScape by 49.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,142 shares of the company’s stock valued at $34,000 after purchasing an additional 1,704 shares in the last quarter. International Assets Investment Management LLC increased its holdings in QuantumScape by 595.1% during the 4th quarter. International Assets Investment Management LLC now owns 6,186 shares of the company’s stock valued at $43,000 after purchasing an additional 5,296 shares in the last quarter. Money Concepts Capital Corp increased its holdings in QuantumScape by 19,462.0% during the 4th quarter. Money Concepts Capital Corp now owns 9,781 shares of the company’s stock valued at $55,000 after purchasing an additional 9,731 shares in the last quarter. Finally, Equitable Holdings Inc. acquired a new stake in QuantumScape during the 4th quarter valued at $58,000. Institutional investors own 29.87% of the company’s stock.

Analyst Ratings Changes

QS has been the topic of a number of analyst reports. Truist Financial increased their price objective on QuantumScape from $7.00 to $8.00 and gave the company a “hold” rating in a report on Friday, February 16th. Robert W. Baird raised their target price on QuantumScape from $5.00 to $8.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $6.71.

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.