7 hours Ago By Defense World Staff
QuantumScape (NYSE:QS – Get Free Report) had its target price reduced by Robert W. Baird from $8.00 to $6.
00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Robert W.
Baird’s price target suggests a potential upside of 52.28% from the stock’s current price.Other equities research analysts also recently issued reports about the stock.
Truist Financial cut their target price on shares of QuantumScape from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Friday, February 14th.
The Goldman Sachs Group cut their price target on shares of QuantumScape from $4.00 to $3.00 and set a “sell” rating on the stock in a report on Thursday, April 10th.
UBS Group downgraded QuantumScape from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $5.00 to $2.50 in a report on Thursday, April 10th.
Finally, Evercore ISI reaffirmed a “hold” rating on shares of QuantumScape in a report on Tuesday, February 25th. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $5.
26.Check Out Our Latest Research Report on QuantumScapeQuantumScape Stock PerformanceShares of NYSE:QS opened at $3.94 on Thursday.
The company has a quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.
03. QuantumScape has a 12-month low of $3.40 and a 12-month high of $9.
52. The company’s 50 day moving average price is $4.26 and its two-hundred day moving average price is $4.
91. The firm has a market cap of $2.15 billion, a PE ratio of -4.
19 and a beta of 4.37. QuantumScape (NYSE:QS – Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd.
The company reported ($0.21) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.21).
During the same quarter in the prior year, the firm earned ($0.24) earnings per share. Equities research analysts predict that QuantumScape will post -0.
82 earnings per share for the current year. Insiders Place Their BetsIn other QuantumScape news, insider Michael O. Mccarthy III sold 76,315 shares of QuantumScape stock in a transaction that occurred on Friday, February 21st.
The stock was sold at an average price of $5.23, for a total value of $399,127.45.
Following the transaction, the insider now directly owns 1,010,523 shares of the company’s stock, valued at $5,285,035.29. The trade was a 7.
02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevin Hettrich sold 53,975 shares of the company’s stock in a transaction on Friday, February 21st.
The shares were sold at an average price of $5.23, for a total transaction of $282,289.25.
Following the sale, the chief financial officer now owns 930,800 shares of the company’s stock, valued at $4,868,084. This represents a 5.48 % decrease in their ownership of the stock.
The disclosure for this sale can be found here. Insiders sold a total of 180,147 shares of company stock valued at $935,758 in the last quarter. Corporate insiders own 12.
03% of the company’s stock. Institutional Inflows and OutflowsSeveral institutional investors have recently made changes to their positions in the company. Heck Capital Advisors LLC purchased a new stake in shares of QuantumScape in the 4th quarter worth approximately $26,000.
Raiffeisen Bank International AG bought a new stake in QuantumScape in the fourth quarter worth $29,000. Blue Trust Inc. grew its stake in shares of QuantumScape by 208.
8% in the fourth quarter. Blue Trust Inc. now owns 6,738 shares of the company’s stock worth $39,000 after acquiring an additional 4,556 shares during the last quarter.
Atlas Legacy Advisors LLC purchased a new stake in shares of QuantumScape in the fourth quarter worth $53,000. Finally, Empowered Funds LLC bought a new position in shares of QuantumScape during the fourth quarter valued at $53,000. Institutional investors own 29.
87% of the company’s stock. About QuantumScape (Get Free Report)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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