In Tuesday’s Wall Street session, QuantumScape Corp (NYSE:QS) shares traded at $5.54, up 5.93% from the previous session.
QS stock price is now 5.65% away from the 50-day moving average and -1.08% away from the 200-day moving average. The market capitalization of the company currently stands at $2.84B.
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, Hettrich Kevin, CHIEF FINANCIAL OFFICER sold 36,949 shares of the company’s stock on Jan 27 ’25. The stock was sold for $186,833 at an average price of $5.06. Upon completion of the transaction, the CHIEF FINANCIAL OFFICER now directly owns 1,024,325 shares in the company, valued at $5.67 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 21 ’25, 10% Owner Jagdeep Singh bought 249,960 shares of the business’s stock. A total of $1,279,795 was incurred on buying the stock at an average price of $5.12. A total of 30.41% 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 0.08, a current ratio of 14.21, and a quick ratio of 14.07.
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.
