In yesterday’s Wall Street session, QuantumScape Corp (NYSE:QS) shares traded at $5.39, down -3.92% from the previous session.
QS stock price is now 3.32% away from the 50-day moving average and -5.04% away from the 200-day moving average. The market capitalization of the company currently stands at $2.76B.
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With the price target maintained at $5.30, HSBC Securities recently Upgraded its rating from Reduce to Hold for QuantumScape Corp (NYSE: QS). , while ‘Wolfe Research’ rates the stock as ‘Underperform’
In other news, Singh Mohit, CHIEF DEVELOPMENT OFFICER sold 97,305 shares of the company’s stock on Dec 27 ’24. The stock was sold for $607,310 at an average price of $6.24. Upon completion of the transaction, the CHIEF DEVELOPMENT OFFICER now directly owns 1,092,020 shares in the company, valued at $5.89 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 26 ’24, CHIEF DEVELOPMENT OFFICER Singh Mohit sold 82,695 shares of the business’s stock. A total of $509,062 was realized by selling the stock at an average price of $6.16. This leaves the insider owning 1,092,020 shares of the company worth $5.89 million. A total of 30.40% of the company’s stock is owned by insiders.
During the past 12 months, QuantumScape Corp has had a low of $4.65 and a high of $9.52. As of last week, the company has a debt-to-equity ratio of 0.09, a current ratio of 14.07, and a quick ratio of 14.07. The fifty day moving average price for QS is $5.2182 and a two-hundred day moving average price translates $5.6778 for the stock.
The latest earnings results from QuantumScape Corp (NYSE: QS) was released for 2024-09-30. The company reported revenue of $130.16 million for the quarter, compared to $120.87 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.68 percent.
