Shares of QuantumScape Corporation (NYSE:QS – Get Free Report) have been given a consensus recommendation of “Hold” by the six brokerages that are currently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $7.36.
Several research firms recently weighed in on QS. William Blair upgraded shares of QuantumScape to a “hold” rating in a research note on Thursday, October 22nd. TD Cowen decreased their target price on QuantumScape from $8.00 to $6.00 and set a “hold” rating on the stock in a research report on Friday, July 24th. Robert W. Baird lowered their price target on QuantumScape from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, October 22nd. Finally, Morgan Stanley cut their price target on QuantumScape from $8.50 to $4.50 and set an “equal weight” rating for the company in a report on Thursday, October 15th.
Read Our Latest Stock Analysis on QS
Insider Buying and Selling at QuantumScape
In other news, CTO Timothy Holme sold 45,000 shares of the business’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $4.54, for a total transaction of $204,300.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last quarter, insiders sold 294,599 shares of company stock worth $1,473,271. 3.93% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On QuantumScape
Institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in shares of QuantumScape by 134.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,735,035 shares of the company’s stock valued at $36,570,000 after buying an additional 3,290,942 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of QuantumScape during the 2nd quarter valued at about $9,619,000. Russell Investments Group Ltd. increased its stake in QuantumScape by 181.0% in the third quarter. Russell Investments Group Ltd. now owns 854,135 shares of the company’s stock valued at $3,967,000 after acquiring an additional 550,221 shares during the period. AXQ Capital LP increased its stake in QuantumScape by 313.2% in the second quarter. AXQ Capital LP now owns 463,653 shares of the company’s stock valued at $3,505,000 after acquiring an additional 351,451 shares during the period. Finally, California State Teachers Retirement System increased its stake in QuantumScape by 23.3% in the first quarter. California State Teachers Retirement System now owns 491,725 shares of the company’s stock valued at $3,137,000 after acquiring an additional 93,079 shares during the period. Institutional investors and hedge funds own 29.87% of the company’s stock.
QuantumScape Price Performance
Shares of QuantumScape stock opened at $4.28 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 21.14 and a quick ratio of 21.14. QuantumScape has a fifty-two week low of $3.80 and a fifty-two week high of $17.58. The firm has a fifty day moving average price of $4.65 and a two-hundred day moving average price of $6.53. The company has a market cap of $2.66 billion, a PE ratio of -5.28 and a beta of 2.83.
QuantumScape (NYSE:QS – Get Free Report) last posted its quarterly earnings results on Wednesday, October 21st. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.03. During the same quarter last year, the business earned ($0.18) earnings per share. The business’s revenue for the quarter was up .0% compared to the same quarter last year. Analysts expect that QuantumScape will post -0.82 EPS for the current year.
About QuantumScape
QuantumScape Corporation is a development-stage battery technology company focused on solid-state lithium-metal batteries. Its technology is designed to replace the liquid or gel electrolytes used in conventional lithium-ion batteries with a solid-state separator, with the goal of improving energy density, charging performance, safety and operating range for electric vehicles.
The company is developing prototype battery cells and related manufacturing processes for automotive applications.
Further Reading
- Five stocks we like better than QuantumScape
- Dutch Bros Gave Wall Street What It Wanted, So Why Did the Stock Crater?
- Astera Labs Just Crushed Earnings—So Why Are Analysts Cutting Price Targets?
- Sandisk Shares Are Oversold: Bargain or Value Trap?
- IonQ’s Record Revenue Includes a Big SkyWater Boost: Does That Change the Story?
Receive News & Ratings for QuantumScape Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QuantumScape and related companies with MarketBeat.com's FREE daily email newsletter.
