QuantumScape (NYSE:QS) Trading Down 2.5%

QuantumScape Co. (NYSE:QS)’s stock price fell 2.5% during mid-day trading on Monday . The company traded as low as $5.49 and last traded at $5.90. 2,602,153 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 9,469,855 shares. The stock had previously closed at $6.05.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. UBS Group reduced their price target on QuantumScape from $9.00 to $5.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. Truist Financial reissued a “hold” rating and issued a $7.00 price objective (up previously from $6.00) on shares of QuantumScape in a report on Monday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $6.62.

QuantumScape Price Performance

The business has a fifty day moving average of $6.07 and a two-hundred day moving average of $6.11. The company has a debt-to-equity ratio of 0.03, a quick ratio of 10.38 and a current ratio of 8.66. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of -5.90 and a beta of 4.62.

QuantumScape (NYSE:QS) last issued its quarterly earnings data on Wednesday, July 24th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.03). During the same quarter in the prior year, the company earned ($0.26) EPS. As a group, research analysts predict that QuantumScape Co. will post -0.9 EPS for the current fiscal year.

Insider Transactions at QuantumScape

In other news, Director Fritz Prinz sold 25,816 shares of the business’s stock in a transaction dated 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 sale, the director now owns 267,011 shares of the company’s stock, valued at $1,300,343.57. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Mccarthy Michael 222,476 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Fritz Prinz sold 25,816 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $4.87, for a total transaction of $125,723.92. Following the sale, the director now owns 267,011 shares in the company, valued at approximately $1,300,343.57. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,070,038 shares of company stock worth $6,333,595. Company insiders own 10.18% of the company’s stock.

Institutional Trading of QuantumScape

Several institutional investors and hedge funds have recently modified their holdings of the business. Spire Wealth Management grew its position in QuantumScape by 39.0% during the 4th quarter. Spire Wealth Management now owns 5,350 shares of the company’s stock worth $35,000 after acquiring an additional 1,500 shares during the last quarter. International Assets Investment Management LLC increased its stake 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 valued at $43,000 after buying an additional 5,296 shares during the period. CWM LLC raised its holdings in QuantumScape by 56.0% in the 2nd quarter. CWM LLC now owns 7,124 shares of the company’s stock valued at $35,000 after buying an additional 2,556 shares during the last quarter. Mather Group LLC. acquired a new stake in QuantumScape during the 2nd quarter worth approximately $36,000. Finally, StepStone Group LP bought a new stake in QuantumScape during the 4th quarter worth approximately $56,000. 29.87% of the stock is currently owned by institutional investors.

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.