QuantumScape (NYSE:QS – Get Free Report) released its quarterly earnings results on Wednesday. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.02), Briefing.com reports. During the same period in the prior year, the company posted ($0.23) earnings per share.
QuantumScape Trading Down 4.8 %
QuantumScape stock opened at $6.19 on Friday. QuantumScape has a 12 month low of $4.67 and a 12 month high of $10.03. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of -6.45 and a beta of 4.58. The business has a 50 day moving average price of $5.69 and a two-hundred day moving average price of $5.81. The company has a quick ratio of 8.66, a current ratio of 8.66 and a debt-to-equity ratio of 0.03.
Insider Activity
In other QuantumScape news, insider Michael O. Mccarthy III sold 222,476 shares of the business’s stock in a transaction on 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 sale, the insider now owns 1,283,847 shares of the company’s stock, valued at $8,447,713.26. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other QuantumScape news, insider Michael O. Mccarthy III sold 222,476 shares of QuantumScape 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Timothy Holme sold 44,306 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $6.11, for a total value of $270,709.66. Following the completion of the transaction, the chief technology officer now directly owns 1,168,496 shares of the company’s stock, valued at approximately $7,139,510.56. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,126,067 shares of company stock worth $6,659,475. Company insiders own 10.18% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on QuantumScape
QuantumScape Company Profile
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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