Shares of QuantumScape Co. (NYSE:QS – Get Free Report) have been given an average rating of “Reduce” by the seven brokerages that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $6.14.
Several research analysts have commented on QS shares. Truist Financial restated a “hold” rating and set a $7.00 price objective (up from $6.00) on shares of QuantumScape in a report on Friday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $6.00 price objective on shares of QuantumScape in a report on Tuesday, September 10th. Finally, Wolfe Research started coverage on QuantumScape in a report on Thursday, September 5th. They set an “underperform” rating on the stock.
Read Our Latest Stock Report on QS
Insider Transactions at QuantumScape
Hedge Funds Weigh In On QuantumScape
A number of institutional investors have recently modified their holdings of QS. Vanguard Group Inc. raised its stake in shares of QuantumScape by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 29,828,269 shares of the company’s stock valued at $207,306,000 after buying an additional 796,723 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of QuantumScape by 40.2% in the 1st quarter. Principal Financial Group Inc. now owns 28,278 shares of the company’s stock valued at $178,000 after purchasing an additional 8,106 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of QuantumScape by 1.7% in the 1st quarter. Commonwealth Equity Services LLC now owns 358,597 shares of the company’s stock valued at $2,256,000 after purchasing an additional 6,006 shares in the last quarter. SpiderRock Advisors LLC purchased a new position in shares of QuantumScape in the 1st quarter valued at about $66,000. Finally, Baillie Gifford & Co. increased its stake in shares of QuantumScape by 10.3% in the 1st quarter. Baillie Gifford & Co. now owns 2,679,518 shares of the company’s stock valued at $16,854,000 after purchasing an additional 251,186 shares in the last quarter. Hedge funds and other institutional investors own 29.87% of the company’s stock.
QuantumScape Price Performance
NYSE:QS opened at $6.19 on Tuesday. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of -6.45 and a beta of 4.58. QuantumScape has a 1 year low of $4.67 and a 1 year high of $10.03. The business has a 50 day simple moving average of $5.69 and a 200-day simple moving average of $5.81. The company has a debt-to-equity ratio of 0.03, a current ratio of 8.66 and a quick ratio of 8.66.
QuantumScape (NYSE:QS – Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.02). During the same period in the previous year, the firm posted ($0.23) earnings per share. Equities analysts forecast that QuantumScape will post -0.9 EPS 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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