QuantumScape Corp (NYSE:QS) shares traded -6.28% lower at $5.22 on Wall Street last session.
QS stock price is now -8.20% away from the 50-day moving average and -17.65% away from the 200-day moving average. The market capitalization of the company currently stands at $2.61B.
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On December 04, 2023, HSBC Securities recently initiated its ‘Reduce’ rating on the stock quoting a target price of $4.70, while ‘Evercore ISI’ rates the stock as ‘Outperform’
In other news, Singh Jagdeep, Director sold 192,280 shares of the company’s stock on May 31 ’24. The stock was sold for $1,124,992 at an average price of $5.85. Upon completion of the transaction, the Director now directly owns 2,809,253 shares in the company, valued at $14.66 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 31 ’24, Director Singh Jagdeep sold 57,720 shares of the business’s stock. A total of $337,708 was realized by selling the stock at an average price of $5.85. This leaves the insider owning 6,004,688 shares of the company worth $31.34 million. A total of 31.18% of the company’s stock is owned by insiders.
During the past 12 months, QuantumScape Corp has had a low of $4.92 and a high of $13.86. As of last week, the company has a debt-to-equity ratio of 0.08, a current ratio of 10.38, and a quick ratio of 10.38. The fifty day moving average price for QS is $5.6688 and a two-hundred day moving average price translates $6.3306 for the stock.
The latest earnings results from QuantumScape Corp (NYSE: QS) was released for 2024-03-31. The company reported revenue of $131.9 million for the quarter, compared to $109.98 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 19.93 percent.
