QuantumScape (QS) Scheduled to Announce Quarterly Earnings on Wednesday

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

QuantumScape (NYSE:QS) last issued its earnings results on Wednesday, February 14th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.04). During the same period in the previous year, the company posted ($0.25) EPS. On average, analysts expect QuantumScape to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

QuantumScape Price Performance

Shares of NYSE:QS opened at $5.39 on Tuesday. 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 fifty day moving average price of $6.08 and a 200 day moving average price of $6.44. 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 $2.67 billion, a price-to-earnings ratio of -5.61 and a beta of 4.76.

Insider Activity at QuantumScape

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on QS shares. Truist Financial dropped their target price on shares of QuantumScape from $8.00 to $6.00 and set a “hold” rating for the company in a research report on Monday. Robert W. Baird upped their target price on shares of QuantumScape from $5.00 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $6.46.

QuantumScape Company Profile

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.