QuantumScape (NYSE:QS) Trading Down 0.5% – Time to Sell?

QuantumScape Co. (NYSE:QS) shares fell 0.5% on Thursday . The stock traded as low as $4.97 and last traded at $5.01. 4,191,712 shares were traded during trading, a decline of 77% from the average session volume of 18,150,969 shares. The stock had previously closed at $5.03.

Wall Street Analysts Forecast Growth

QS has been the topic of a number of recent research reports. Hsbc Global Res upgraded QuantumScape to a “hold” rating in a report on Tuesday, November 19th. HSBC upgraded QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price objective on the stock in a report on Tuesday, November 19th. Finally, Truist Financial reiterated a “hold” rating and issued a $7.00 target price (up from $6.00) on shares of QuantumScape in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat, QuantumScape presently has a consensus rating of “Hold” and a consensus target price of $6.26.

QuantumScape Stock Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07. The firm has a 50 day moving average of $5.28 and a 200-day moving average of $5.70. The stock has a market capitalization of $2.65 billion, a PE ratio of -5.43 and a beta of 4.46.

QuantumScape (NYSE:QS) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.02). During the same period last year, the business posted ($0.23) EPS. Research analysts forecast that QuantumScape Co. will post -0.99 earnings per share for the current year.

Insider Buying and Selling at QuantumScape

In related news, insider Mohit Singh sold 97,305 shares of QuantumScape stock in a transaction on Friday, December 27th. The shares were sold at an average price of $6.24, for a total value of $607,183.20. Following the completion of the sale, the insider now owns 1,092,020 shares of the company’s stock, valued at approximately $6,814,204.80. The trade was a 8.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jagdeep Singh sold 5,531 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $5.01, for a total transaction of $27,710.31. Following the transaction, the director now directly owns 2,590,583 shares in the company, valued at $12,978,820.83. The trade was 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 quarter. Company insiders own 12.03% of the company’s stock.

Institutional Trading of QuantumScape

Several large investors have recently made changes to their positions in QS. American Century Companies Inc. grew its stake in QuantumScape by 880.6% in the 2nd quarter. American Century Companies Inc. now owns 352,286 shares of the company’s stock valued at $1,733,000 after buying an additional 316,361 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of QuantumScape in the second quarter valued at about $68,000. Vanguard Personalized Indexing Management LLC increased its stake 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 worth $127,000 after purchasing an additional 7,624 shares during the period. Hsbc Holdings PLC lifted its position 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 purchasing an additional 4,433 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in QuantumScape during the 2nd quarter valued at approximately $1,950,000. Institutional investors own 29.87% of the company’s stock.

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.