Stocks of QuantumScape Corp (NYSE:QS) traded higher last session on Wall Street, down -2.09% to $7.95.
QS stock price is now 36.18% away from the 50-day moving average and 27.61% away from the 200-day moving average. The market capitalization of the company currently stands at $3.97B.
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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 Mohit, CHIEF DEVELOPMENT OFFICER sold 173,224 shares of the company’s stock on Jul 11 ’24. The stock was sold for $1,219,532 at an average price of $7.04. Upon completion of the transaction, the CHIEF DEVELOPMENT OFFICER now directly owns 1,196,905 shares in the company, valued at $9.52 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 08 ’24, Director Singh Jagdeep sold 113,264 shares of the business’s stock. A total of $571,100 was realized by selling the stock at an average price of $5.04. This leaves the insider owning 2,809,253 shares of the company worth $22.33 million. A total of 30.90% of the company’s stock is owned by insiders.
During the past 12 months, QuantumScape Corp has had a low of $4.67 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 $5.8714 and a two-hundred day moving average price translates $6.2368 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.
