QuantumScape (QS) Scheduled to Post Quarterly Earnings on Wednesday

QuantumScape (NYSE:QSGet Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, February 14th. Analysts expect QuantumScape to post earnings of ($0.23) per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

QuantumScape Price Performance

QuantumScape stock opened at $7.88 on Tuesday. QuantumScape has a 52-week low of $4.99 and a 52-week high of $13.86. The firm has a fifty day moving average of $7.25 and a 200-day moving average of $6.92. The firm has a market capitalization of $3.86 billion, a P/E ratio of -8.04 and a beta of 4.94. The company has a quick ratio of 24.57, a current ratio of 24.57 and a debt-to-equity ratio of 0.03.

Insiders Place Their Bets

In other QuantumScape news, CFO Kevin Hettrich sold 45,981 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $6.08, for a total transaction of $279,564.48. Following the completion of the transaction, the chief financial officer now directly owns 573,436 shares of the company’s stock, valued at approximately $3,486,490.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Jeffrey B. Straubel sold 138,618 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $6.93, for a total value of $960,622.74. Following the transaction, the director now directly owns 292,644 shares in the company, valued at approximately $2,028,022.92. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Kevin Hettrich sold 45,981 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $6.08, for a total transaction of $279,564.48. Following the completion of the transaction, the chief financial officer now owns 573,436 shares in the company, valued at $3,486,490.88. The disclosure for this sale can be found here. Insiders sold a total of 667,478 shares of company stock valued at $4,932,098 in the last ninety days. Corporate insiders own 10.18% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. US Bancorp DE lifted its position in QuantumScape by 14.1% in the 4th quarter. US Bancorp DE now owns 45,784 shares of the company’s stock valued at $318,000 after purchasing an additional 5,652 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in QuantumScape by 22.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 105,865 shares of the company’s stock valued at $736,000 after purchasing an additional 19,436 shares during the last quarter. UBS Group AG lifted its position in QuantumScape by 6.3% in the 4th quarter. UBS Group AG now owns 130,585 shares of the company’s stock valued at $908,000 after purchasing an additional 7,745 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of QuantumScape by 595.1% during the 4th quarter. International Assets Investment Management LLC now owns 6,186 shares of the company’s stock worth $43,000 after buying an additional 5,296 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of QuantumScape by 28.0% during the 3rd quarter. American Century Companies Inc. now owns 32,381 shares of the company’s stock worth $217,000 after buying an additional 7,084 shares in the last quarter. 27.22% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on QS. HSBC began coverage on shares of QuantumScape in a report on Monday, December 4th. They set a “reduce” rating and a $4.70 price target for the company. Truist Financial raised their price target on shares of QuantumScape from $6.00 to $7.00 and gave the company a “hold” rating in a report on Thursday, November 30th. Finally, William Blair began coverage on shares of QuantumScape in a report on Monday, December 18th. They set a “market perform” rating for the company. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $6.39.

Get Our Latest Stock Analysis on QuantumScape

QuantumScape Company Profile

(Get Free Report)

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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Earnings History for QuantumScape (NYSE:QS)

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