QuantumScape (QS) Projected to Post Quarterly Earnings on Wednesday

QuantumScape (NYSE:QS - Get Free Report) is anticipated to announce its earnings results after the market closes on Wednesday, April 23rd. Analysts expect the company to announce earnings of ($0.21) 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 - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported ($0.22) earnings per share 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 Performance

Shares of QS stock traded up $0.12 on Friday, hitting $3.81. The company had a trading volume of 5,705,309 shares, compared to its average volume of 10,695,212. QuantumScape has a twelve month low of $3.40 and a twelve month high of $9.52. The company has a quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.03. The firm has a market cap of $2.08 billion, a P/E ratio of -4.05 and a beta of 4.37. The company has a 50-day moving average price of $4.39 and a 200-day moving average price of $4.96.

Insider Buying and Selling

In related news, CFO Kevin Hettrich sold 36,949 shares of the business's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $5.06, for a total transaction of $186,961.94. Following the transaction, the chief financial officer now directly owns 1,024,325 shares in the company, valued at approximately $5,183,084.50. The trade was a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Michael O. Mccarthy III sold 76,315 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $5.23, for a total transaction of $399,127.45. Following the completion of the sale, the insider now owns 1,010,523 shares of the company's stock, valued at approximately $5,285,035.29. The trade was a 7.02 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 180,147 shares of company stock worth $935,758. Insiders own 12.03% of the company's stock.

Wall Street Analysts Forecast Growth

QS has been the topic of several recent research reports. Evercore ISI restated a "hold" rating on shares of QuantumScape in a research report on Tuesday, February 25th. UBS Group downgraded shares of QuantumScape from a "neutral" rating to a "sell" rating and lowered their price target for the stock from $5.00 to $2.50 in a report on Thursday, April 10th. Truist Financial cut their price objective on shares of QuantumScape from $7.00 to $6.00 and set a "hold" rating for the company in a report on Friday, February 14th. Finally, The Goldman Sachs Group dropped their target price on QuantumScape from $4.00 to $3.00 and set a "sell" rating on the stock in a research report on Thursday, April 10th. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $5.13.

About QuantumScape

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.