In a report released today, Jordan Levy from Truist Financial reiterated a Hold rating on QuantumScape (QS – Research Report), with a price target of $6.00. The company’s shares closed yesterday at $5.48.
Levy covers the Technology sector, focusing on stocks such as SunPower, Sunrun, and Sunnova Energy International. According to TipRanks, Levy has an average return of -19.0% and a 26.85% success rate on recommended stocks.
Currently, the analyst consensus on QuantumScape is a Moderate Sell with an average price target of $6.10.
The company has a one-year high of $13.86 and a one-year low of $4.99. Currently, QuantumScape has an average volume of 6.47M.
Based on the recent corporate insider activity of 96 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of QS in relation to earlier this year.
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QuantumScape (QS) Company Description:
QuantumScape Corp is engaged in development of next generation solid-state lithium-metal batteries for use in electric vehicles.
Read More on QS:
- Options Volatility and Implied Earnings Moves Today, April 24, 2024
- QuantumScape price target lowered to $6 from $8 at Truist
- Quantumscape call volume above normal and directionally bullish
- Unusually active option classes on open March 28th
- Morgan Stanley upgrades U.S. auto industry view to Attractive from In-Line
