QuantumScape (QS) Scheduled to Post Quarterly Earnings on Wednesday

QuantumScape (NYSE:QSGet Free Report) will announce its earnings results after the market closes on Wednesday, February 14th. Analysts expect the company to announce earnings of ($0.23) per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

QuantumScape Trading Up 4.6 %

Shares of QS opened at $7.88 on Tuesday. The business has a 50-day moving average of $7.25 and a 200 day moving average of $6.92. QuantumScape has a fifty-two week low of $4.99 and a fifty-two week high of $13.86. The firm has a market cap of $3.86 billion, a P/E ratio of -8.04 and a beta of 4.94. The company has a debt-to-equity ratio of 0.03, a quick ratio of 24.57 and a current ratio of 24.57.

Insiders Place Their Bets

In other news, CFO Kevin Hettrich sold 45,981 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $6.08, for a total transaction of $279,564.48. Following the transaction, the chief financial officer now directly owns 573,436 shares of the company’s stock, valued at $3,486,490.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Kevin Hettrich sold 45,981 shares of QuantumScape stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $6.08, for a total transaction of $279,564.48. Following the sale, the chief financial officer now directly owns 573,436 shares in the company, valued at $3,486,490.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jurgen Leohold sold 40,000 shares of QuantumScape stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $9.01, for a total value of $360,400.00. Following the sale, the director now owns 185,717 shares in the company, valued at $1,673,310.17. The disclosure for this sale can be found here. Insiders have sold 667,478 shares of company stock valued at $4,932,098 in the last ninety days. Company insiders own 10.18% of the company’s stock.

Institutional Investors Weigh In On QuantumScape

Several hedge funds have recently added to or reduced their stakes in QS. Bank of New York Mellon Corp lifted its holdings in shares of QuantumScape by 10.3% during the first quarter. Bank of New York Mellon Corp now owns 778,770 shares of the company’s stock valued at $15,569,000 after purchasing an additional 72,570 shares in the last quarter. US Bancorp DE increased its position in QuantumScape by 78.5% in the first quarter. US Bancorp DE now owns 11,310 shares of the company’s stock worth $226,000 after buying an additional 4,975 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of QuantumScape by 14.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 65,502 shares of the company’s stock worth $1,309,000 after acquiring an additional 8,253 shares during the period. Cetera Advisor Networks LLC boosted its stake in shares of QuantumScape by 18.7% in the first quarter. Cetera Advisor Networks LLC now owns 20,611 shares of the company’s stock worth $412,000 after acquiring an additional 3,253 shares during the period. Finally, Citigroup Inc. boosted its stake in shares of QuantumScape by 10.4% in the first quarter. Citigroup Inc. now owns 88,582 shares of the company’s stock worth $1,771,000 after acquiring an additional 8,342 shares during the period. 27.22% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Check Out Our Latest 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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