QuantumScape (QS) Expected to Announce Earnings on Wednesday

QuantumScape (NYSE:QS) will likely be posting its quarterly earnings results after the market closes on Wednesday, April 23rd. Analysts expect QuantumScape to post earnings of ($0.21) per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

QuantumScape (NYSE:QS) last announced its quarterly earnings results on Wednesday, February 12th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.01). On average, analysts expect QuantumScape to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

QuantumScape Stock Up 3.1 %

Shares of QuantumScape stock opened at $3.81 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of -4.05 and a beta of 4.37. The firm’s 50-day moving average is $4.39 and its two-hundred day moving average is $4.96. QuantumScape has a 1 year low of $3.40 and a 1 year high of $9.52.

Insider Activity at QuantumScape

In related news, Director Fritz Prinz sold 12,908 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $5.22, for a total value of $67,379.76. Following the transaction, the director now directly owns 228,287 shares of the company’s stock, valued at $1,191,658.14. This represents a 5.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kevin Hettrich sold 36,949 shares of QuantumScape stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $5.06, for a total value of $186,961.94. Following the sale, the chief financial officer now directly owns 1,024,325 shares of the company’s stock, valued at approximately $5,183,084.50. This represents a 3.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 180,147 shares of company stock valued at $935,758 in the last ninety days. Corporate insiders own 12.03% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on QS. UBS Group lowered shares of QuantumScape from a “neutral” rating to a “sell” rating and cut their price objective for the company from $5.00 to $2.50 in a report on Thursday, April 10th. Truist Financial reduced their price target on QuantumScape from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Evercore ISI reaffirmed a “hold” rating on shares of QuantumScape in a research report on Tuesday, February 25th. Finally, The Goldman Sachs Group reduced their target price on shares of QuantumScape from $4.00 to $3.00 and set a “sell” rating for the company in a report on Thursday, April 10th. Three analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat.com, QuantumScape presently has a consensus rating of “Hold” and an average target price of $5.13.

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.