QuantumScape (QS) to Release Earnings on Wednesday

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

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

QuantumScape Stock Performance

Shares of QS opened at $5.45 on Wednesday. The stock has a 50 day moving average price of $6.25 and a 200 day moving average price of $6.47. The company has a quick ratio of 18.98, a current ratio of 18.98 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of -5.68 and a beta of 4.77. QuantumScape has a 52-week low of $4.99 and a 52-week high of $13.86.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Robert W. Baird increased their price objective on QuantumScape from $5.00 to $8.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Truist Financial increased their price objective on QuantumScape from $7.00 to $8.00 and gave the company a “hold” rating in a report on Friday, February 16th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.71.

Insider Activity

In other news, Director Jeffrey B. Straubel sold 69,309 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $6.72, for a total value of $465,756.48. Following the completion of the transaction, the director now owns 292,644 shares in the company, valued at $1,966,567.68. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Jeffrey B. Straubel sold 69,309 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $6.72, for a total value of $465,756.48. Following the completion of the transaction, the director now owns 292,644 shares in the company, valued at $1,966,567.68. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Kevin Hettrich sold 34,607 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $6.54, for a total value of $226,329.78. Following the sale, the chief financial officer now directly owns 554,553 shares in the company, valued at approximately $3,626,776.62. The disclosure for this sale can be found here. Insiders sold a total of 194,970 shares of company stock worth $1,250,775 over the last 90 days. 10.18% of the stock is currently owned by corporate insiders.

Institutional Trading of QuantumScape

A number of large investors have recently made changes to their positions in QS. Kingsview Wealth Management LLC lifted its stake in shares of QuantumScape by 14.6% in the 4th quarter. Kingsview Wealth Management LLC now owns 17,140 shares of the company’s stock valued at $97,000 after purchasing an additional 2,189 shares in the last quarter. CI Private Wealth LLC acquired a new position in shares of QuantumScape in the 4th quarter valued at about $95,000. IHT Wealth Management LLC acquired a new position in shares of QuantumScape in the 3rd quarter valued at about $87,000. Baird Financial Group Inc. acquired a new position in shares of QuantumScape in the 2nd quarter valued at about $84,000. Finally, Bleakley Financial Group LLC acquired a new position in shares of QuantumScape in the 1st quarter valued at about $82,000. Institutional investors and hedge funds own 29.87% of the company’s stock.

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.