QuantumScape Co. (NYSE:QS – Get Free Report) has been assigned a consensus rating of “Reduce” from the seven ratings firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $5.94.
Several brokerages have weighed in on QS. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $6.00 target price on shares of QuantumScape in a report on Tuesday, September 10th. Wolfe Research initiated coverage on shares of QuantumScape in a report on Thursday, September 5th. They set an “underperform” rating on the stock. Finally, Truist Financial lowered their price target on shares of QuantumScape from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Wednesday, October 16th.
View Our Latest Stock Report on QuantumScape
Insider Buying and Selling at QuantumScape
Hedge Funds Weigh In On QuantumScape
Several hedge funds have recently modified their holdings of the stock. Signaturefd LLC raised its stake in QuantumScape by 79.9% in the 3rd quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock worth $28,000 after acquiring an additional 2,148 shares during the last quarter. CWM LLC increased its holdings in shares of QuantumScape by 56.0% in the second quarter. CWM LLC now owns 7,124 shares of the company’s stock valued at $35,000 after purchasing an additional 2,556 shares during the period. Mather Group LLC. purchased a new position in shares of QuantumScape in the second quarter worth about $36,000. Alaska Wealth Advisors acquired a new stake in shares of QuantumScape during the second quarter worth about $49,000. Finally, Evergreen Wealth Solutions LLC purchased a new stake in QuantumScape in the first quarter valued at approximately $64,000. Institutional investors and hedge funds own 29.87% of the company’s stock.
QuantumScape Price Performance
QuantumScape stock opened at $5.20 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 8.66 and a quick ratio of 8.66. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of -5.41 and a beta of 4.58. The firm has a 50-day moving average of $5.69 and a two-hundred day moving average of $5.81. QuantumScape has a 1 year low of $4.67 and a 1 year high of $10.03.
QuantumScape (NYSE:QS – Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.03). During the same quarter in the previous year, the firm posted ($0.26) earnings per share. On average, research analysts forecast that QuantumScape will post -0.9 earnings per share for the current year.
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.
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