Evercore ISI analyst Chris McNally maintained a Buy rating on QuantumScape yesterday and set a price target of $8.00. The company’s shares opened today at $15.39.
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According to TipRanks, McNally is a 3-star analyst with an average return of 5.7% and a 57.14% success rate. McNally covers the Consumer Cyclical sector, focusing on stocks such as Autoliv, Ford Motor, and BorgWarner.
The word on The Street in general, suggests a Hold analyst consensus rating for QuantumScape with a $7.33 average price target.
Based on QuantumScape’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $36.67 million and a GAAP net loss of $114.7 million. In comparison, last year the company had a GAAP net loss of $122.98 million
Based on the recent corporate insider activity of 93 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. Last month, Michael O. McCarthy, the CLO of QS sold 38,035.00 shares for a total of $347,259.55.
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