QuantumScape Corporation (NYSE:QS) Receives $9.47 Average Price Target from Brokerages

Shares of QuantumScape Corporation (NYSE:QS) have been given a consensus recommendation of “Reduce” by the six analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $9.4667.

Separately, TD Cowen cut their price objective on QuantumScape from $8.00 to $6.00 and set a “hold” rating for the company in a research note on Friday, July 24th.

QuantumScape Stock Performance

NYSE:QS opened at $5.72 on Tuesday. The stock has a 50-day simple moving average of $6.33 and a two-hundred day simple moving average of $7.00. QuantumScape has a 52-week low of $4.77 and a 52-week high of $19.07. The company has a debt-to-equity ratio of 0.02, a quick ratio of 21.14 and a current ratio of 21.14. The firm has a market capitalization of $3.54 billion, a PE ratio of -7.06 and a beta of 2.66.

QuantumScape (NYSE:QS) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. During the same period in the previous year, the firm posted ($0.20) earnings per share. QuantumScape’s quarterly revenue was up .0% compared to the same quarter last year. Analysts forecast that QuantumScape will post -0.82 EPS for the current year.

Insider Activity at QuantumScape

In other news, CTO Timothy Holme sold 150,320 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $9.30, for a total value of $1,397,976.00. Following the completion of the sale, the chief technology officer directly owned 1,712,506 shares of the company’s stock, valued at $15,926,305.80. This represents a 8.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kevin Hettrich sold 9,800 shares of the stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $7.28, for a total transaction of $71,344.00. Following the completion of the sale, the chief financial officer directly owned 1,816,257 shares of the company’s stock, valued at approximately $13,222,350.96. This trade represents a 0.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 389,656 shares of company stock worth $3,165,201 in the last ninety days. Insiders own 3.93% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC bought a new stake in QuantumScape during the fourth quarter valued at about $25,000. Russell Investments Group Ltd. lifted its position in shares of QuantumScape by 685.5% in the second quarter. Russell Investments Group Ltd. now owns 3,794 shares of the company’s stock valued at $25,000 after acquiring an additional 3,311 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in shares of QuantumScape by 101.5% in the second quarter. TD Waterhouse Canada Inc. now owns 5,361 shares of the company’s stock worth $41,000 after acquiring an additional 2,700 shares during the period. Danske Bank A S bought a new position in shares of QuantumScape in the fourth quarter worth about $48,000. Finally, Vestor Capital LLC grew its position in shares of QuantumScape by 255.2% during the first quarter. Vestor Capital LLC now owns 8,000 shares of the company’s stock worth $51,000 after purchasing an additional 5,748 shares in the last quarter. Institutional investors own 29.87% of the company’s stock.

QuantumScape Company Profile

QuantumScape Corporation is a development-stage company specializing in the research and commercialization of next-generation solid-state lithium-metal batteries for electric vehicles. The company’s core technology replaces the traditional liquid electrolyte with a solid ceramic separator, aiming to deliver higher energy density, faster charging times and enhanced safety compared to conventional lithium-ion cells. QuantumScape’s product roadmap focuses on enabling electric vehicle manufacturers to extend driving range and reduce charging downtime, addressing key barriers to widespread EV adoption.

Founded in 2010 and headquartered in San Jose, California, QuantumScape has attracted significant strategic investment and formed partnerships with leading automotive OEMs.