QuantumScape (NYSE:QS) Stock Price Up 0.4% – What’s Next?

Shares of QuantumScape Co. (NYSE:QS) rose 0.4% on Monday . The company traded as high as $5.19 and last traded at $5.04. Approximately 4,468,789 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 9,406,126 shares. The stock had previously closed at $5.02.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on QS. Truist Financial reaffirmed a “hold” rating and set a $7.00 target price (up from $6.00) on shares of QuantumScape in a research note on Friday, October 25th. Hsbc Global Res raised QuantumScape to a “hold” rating in a research report on Tuesday, November 19th. HSBC upgraded QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 target price for the company in a report on Tuesday, November 19th. Wolfe Research assumed coverage on QuantumScape in a report on Thursday, September 5th. They set an “underperform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $6.00 price objective on shares of QuantumScape in a research note on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $6.26.

QuantumScape Trading Up 4.3 %

The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of -5.65 and a beta of 4.50. The business’s 50 day moving average is $5.15 and its 200 day moving average is $5.64.

QuantumScape (NYSE:QS) last released its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). During the same quarter last year, the firm posted ($0.23) earnings per share. As a group, equities analysts expect that QuantumScape Co. will post -0.99 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other QuantumScape news, insider Michael O. Mccarthy III sold 27,305 shares of QuantumScape stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $5.07, for a total transaction of $138,436.35. Following the transaction, the insider now owns 1,129,167 shares of the company’s stock, valued at $5,724,876.69. The trade was a 2.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jagdeep Singh sold 308,097 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $5.30, for a total value of $1,632,914.10. Following the completion of the sale, the director now directly owns 2,563,767 shares of the company’s stock, valued at $13,587,965.10. The trade was a 10.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 666,032 shares of company stock valued at $3,549,682. 12.03% of the stock is owned by corporate insiders.

Institutional Trading of QuantumScape

Institutional investors and hedge funds have recently bought and sold shares of the business. Signaturefd LLC increased its stake in QuantumScape by 79.9% in the third quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock valued at $28,000 after purchasing an additional 2,148 shares during the period. International Assets Investment Management LLC grew its holdings in shares of QuantumScape by 475.1% during the third quarter. International Assets Investment Management LLC now owns 5,118 shares of the company’s stock worth $29,000 after buying an additional 4,228 shares during the last quarter. Centaurus Financial Inc. acquired a new position in QuantumScape in the 2nd quarter valued at about $52,000. Financial Advocates Investment Management purchased a new stake in QuantumScape during the 2nd quarter valued at approximately $58,000. Finally, Atom Investors LP acquired a new stake in QuantumScape during the 3rd quarter worth approximately $60,000. Hedge funds and other institutional investors own 29.87% of the company’s stock.

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.