QuantumScape (NYSE:QS – Get Free Report) announced its earnings results on Wednesday. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02), Briefing.com reports. During the same quarter last year, the business earned ($0.23) earnings per share.
QuantumScape Stock Performance
NYSE QS traded down $0.31 on Friday, hitting $6.19. 20,642,241 shares of the stock were exchanged, compared to its average volume of 5,092,081. The business’s fifty day moving average is $5.69 and its 200 day moving average is $5.81. QuantumScape has a 52 week low of $4.67 and a 52 week high of $10.03. The company has a market capitalization of $3.09 billion, a PE ratio of -6.45 and a beta of 4.58. The company has a debt-to-equity ratio of 0.03, a current ratio of 8.66 and a quick ratio of 8.66.
Insider Activity
In related news, insider Michael O. Mccarthy III sold 222,476 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $6.58, for a total transaction of $1,463,892.08. Following the transaction, the insider now directly owns 1,283,847 shares of the company’s stock, valued at approximately $8,447,713.26. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Michael O. Mccarthy III sold 222,476 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $6.58, for a total value of $1,463,892.08. Following the transaction, the insider now owns 1,283,847 shares in the company, valued at approximately $8,447,713.26. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Timothy Holme sold 44,306 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $6.11, for a total transaction of $270,709.66. Following the completion of the transaction, the chief technology officer now directly owns 1,168,496 shares in the company, valued at approximately $7,139,510.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,126,067 shares of company stock valued at $6,659,475 over the last three months. Insiders own 10.18% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on QuantumScape
About QuantumScape
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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