QuantumScape (NYSE:QS) Shares Down 4%

QuantumScape Co. (NYSE:QS)’s stock price traded down 4% during trading on Monday . The stock traded as low as $6.75 and last traded at $6.76. 3,038,167 shares traded hands during trading, a decline of 68% from the average session volume of 9,491,719 shares. The stock had previously closed at $7.04.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Truist Financial decreased their price target on QuantumScape from $8.00 to $6.00 and set a “hold” rating on the stock in a research note on Monday, April 22nd. UBS Group decreased their price target on QuantumScape from $9.00 to $5.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $6.45.

QuantumScape Trading Down 6.4 %

The business’s 50 day moving average price is $5.99 and its 200-day moving average price is $6.15. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of -6.94 and a beta of 4.62. The company has a debt-to-equity ratio of 0.03, a quick ratio of 10.38 and a current ratio of 10.38.

QuantumScape (NYSE:QS) last posted its quarterly earnings data on Wednesday, July 24th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.03). During the same quarter last year, the company posted ($0.26) EPS. Equities analysts expect that QuantumScape Co. will post -0.89 EPS for the current year.

Insider Activity

In other news, insider Michael O. Mccarthy III sold 22,554 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $5.72, for a total value of $129,008.88. Following the completion of the transaction, the insider now directly owns 1,207,500 shares in the company, valued at $6,906,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Michael O. Mccarthy III sold 22,554 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $5.72, for a total transaction of $129,008.88. Following the completion of the sale, the insider now directly owns 1,207,500 shares of the company’s stock, valued at $6,906,900. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Fritz Prinz sold 25,816 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $4.87, for a total value of $125,723.92. Following the completion of the transaction, the director now owns 267,011 shares of the company’s stock, valued at approximately $1,300,343.57. The disclosure for this sale can be found here. Insiders sold 847,562 shares of company stock worth $4,869,703 over the last three months. Corporate insiders own 10.18% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of QuantumScape by 23.3% during the 3rd quarter. Vanguard Group Inc. now owns 29,031,546 shares of the company’s stock worth $194,221,000 after purchasing an additional 5,483,319 shares in the last quarter. Raymond James & Associates increased its holdings in QuantumScape by 14.0% in the fourth quarter. Raymond James & Associates now owns 25,786 shares of the company’s stock valued at $179,000 after purchasing an additional 3,158 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of QuantumScape by 6.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 301,079 shares of the company’s stock worth $2,092,000 after acquiring an additional 17,470 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC increased its holdings in shares of QuantumScape by 34.5% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 11,160 shares of the company’s stock worth $77,000 after acquiring an additional 2,861 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of QuantumScape by 595.1% in the fourth quarter. International Assets Investment Management LLC now owns 6,186 shares of the company’s stock worth $43,000 after acquiring an additional 5,296 shares in the last quarter. 29.87% of the stock is owned by institutional investors.

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.