QuantumScape (NYSE:QS) Stock Price Down 1% – Should You Sell?

QuantumScape Co. (NYSE:QS) shares fell 1% during trading on Monday . The stock traded as low as $5.20 and last traded at $5.21. 12,671,967 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 18,751,680 shares. The stock had previously closed at $5.26.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on QS shares. HSBC raised QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price target for the company in a report on Tuesday, November 19th. Truist Financial reaffirmed a “hold” rating and issued a $7.00 price target (up from $6.00) on shares of QuantumScape in a report on Friday, October 25th. Finally, Hsbc Global Res raised shares of QuantumScape to a “hold” rating in a report on Tuesday, November 19th. One investment 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.com, QuantumScape presently has an average rating of “Hold” and a consensus target price of $6.26.

QuantumScape Price Performance

The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of -5.41 and a beta of 4.46. The company has a 50-day moving average price of $5.26 and a 200-day moving average price of $5.71. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07.

QuantumScape (NYSE:QS) last issued its quarterly earnings results 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 in the prior year, the company posted ($0.23) earnings per share. On average, equities research analysts expect that QuantumScape Co. will post -0.99 EPS for the current fiscal year.

Insider Transactions at QuantumScape

In other news, Director Fritz Prinz sold 12,908 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $5.04, for a total transaction of $65,056.32. Following the sale, the director now owns 241,195 shares in the company, valued at $1,215,622.80. This represents a 5.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jagdeep Singh sold 5,531 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $5.01, for a total transaction of $27,710.31. Following the completion of the transaction, the director now directly owns 2,590,583 shares of the company’s stock, valued at $12,978,820.83. This represents a 0.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 536,460 shares of company stock valued at $2,903,619 in the last ninety days. 12.03% of the stock is currently owned by corporate insiders.

Institutional Trading of QuantumScape

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its stake in shares of QuantumScape by 880.6% during the 2nd quarter. American Century Companies Inc. now owns 352,286 shares of the company’s stock worth $1,733,000 after acquiring an additional 316,361 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in shares of QuantumScape in the second quarter valued at $68,000. Vanguard Personalized Indexing Management LLC raised its position in shares of QuantumScape by 41.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 25,877 shares of the company’s stock valued at $127,000 after purchasing an additional 7,624 shares during the period. Hsbc Holdings PLC lifted its stake in shares of QuantumScape by 36.0% during the 2nd quarter. Hsbc Holdings PLC now owns 16,737 shares of the company’s stock worth $82,000 after buying an additional 4,433 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in shares of QuantumScape during the 2nd quarter worth about $1,950,000. 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.