QuantumScape (QS) to Release Earnings on Wednesday

QuantumScape (NYSE:QS - Get Free Report) is expected to issue its Q2 2025 quarterly earnings data after the market closes on Wednesday, July 23rd. Analysts expect the company to announce earnings of ($0.20) per share for the quarter.

QuantumScape (NYSE:QS - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.02). During the same period last year, the company posted ($0.24) EPS. 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 7.6%

Shares of NYSE:QS traded up $1.03 during midday trading on Friday, reaching $14.63. The company had a trading volume of 148,128,926 shares, compared to its average volume of 15,940,246. The stock has a market capitalization of $8.18 billion, a P/E ratio of -16.08 and a beta of 4.42. The stock's fifty day moving average price is $5.82 and its 200-day moving average price is $5.03. The company has a debt-to-equity ratio of 0.03, a current ratio of 16.66 and a quick ratio of 16.66. QuantumScape has a one year low of $3.40 and a one year high of $15.03.

Analyst Upgrades and Downgrades

QS has been the subject of several analyst reports. Robert W. Baird reduced their price target on shares of QuantumScape from $8.00 to $6.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. The Goldman Sachs Group reduced their price target on shares of QuantumScape from $3.00 to $2.50 and set a "sell" rating for the company in a report on Monday, April 28th. UBS Group downgraded shares of QuantumScape from a "neutral" rating to a "sell" rating and reduced their price target for the company from $5.00 to $2.50 in a report on Thursday, April 10th. Finally, TD Cowen raised shares of QuantumScape to a "hold" rating in a report on Monday, July 7th. Three equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $5.19.

Insiders Place Their Bets

In other news, CTO Timothy Holme sold 358,330 shares of the stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $7.03, for a total transaction of $2,519,059.90. Following the sale, the chief technology officer owned 1,705,428 shares in the company, valued at approximately $11,989,158.84. This represents a 17.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mohit Singh sold 465,000 shares of the stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $8.21, for a total value of $3,817,650.00. Following the sale, the insider owned 1,641,711 shares in the company, valued at $13,478,447.31. The trade was a 22.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,589,468 shares of company stock worth $18,114,411 over the last three months. 12.03% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On QuantumScape

Several hedge funds have recently added to or reduced their stakes in QS. NewEdge Advisors LLC raised its position in shares of QuantumScape by 50.4% during the first quarter. NewEdge Advisors LLC now owns 21,224 shares of the company's stock worth $88,000 after purchasing an additional 7,111 shares during the period. AQR Capital Management LLC bought a new position in shares of QuantumScape during the 1st quarter worth approximately $321,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in QuantumScape by 456.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,759,334 shares of the company's stock valued at $19,799,000 after purchasing an additional 3,904,168 shares during the period. Institutional investors own 29.87% of the company's stock.

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.