QuantumScape (NYSE:QS) Trading Down 0.7%

QuantumScape Co. (NYSE:QS) shares fell 0.7% on Tuesday . The company traded as low as $5.34 and last traded at $5.46. 1,550,237 shares changed hands during trading, a decline of 83% from the average session volume of 9,272,579 shares. The stock had previously closed at $5.50.

Wall Street Analyst Weigh In

QS has been the subject of a number of recent research reports. UBS Group dropped their price objective on shares of QuantumScape from $9.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. Robert W. Baird lifted their price objective on QuantumScape from $5.00 to $8.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Finally, Truist Financial dropped their target price on QuantumScape from $8.00 to $6.00 and set a “hold” rating for the company in a report on Monday, April 22nd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $6.09.

QuantumScape Trading Down 0.3 %

The company has a 50-day simple moving average of $5.88 and a 200-day simple moving average of $6.41. The company has a debt-to-equity ratio of 0.03, a quick ratio of 18.98 and a current ratio of 10.38. The stock has a market cap of $2.68 billion, a P/E ratio of -5.63 and a beta of 4.74.

QuantumScape (NYSE:QS) last issued its quarterly earnings data on Wednesday, February 14th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.04). During the same period in the previous year, the company earned ($0.25) EPS. On average, sell-side analysts forecast that QuantumScape Co. will post -0.95 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Michael O. Mccarthy III sold 21,840 shares of QuantumScape stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $6.17, for a total value of $134,752.80. Following the completion of the sale, the insider now directly owns 731,629 shares in the company, valued at $4,514,150.93. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other QuantumScape news, insider Michael O. Mccarthy III sold 21,840 shares of QuantumScape stock in a transaction on Monday, February 26th. The shares were sold at an average price of $6.17, for a total transaction of $134,752.80. Following the completion of the sale, the insider now owns 731,629 shares of the company’s stock, valued at approximately $4,514,150.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kevin Hettrich sold 34,607 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $6.54, for a total value of $226,329.78. Following the completion of the transaction, the chief financial officer now directly owns 554,553 shares in the company, valued at approximately $3,626,776.62. The disclosure for this sale can be found here. Insiders sold 194,970 shares of company stock worth $1,250,775 in the last quarter. Insiders own 10.18% of the company’s stock.

Hedge Funds Weigh In On QuantumScape

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Spire Wealth Management grew its stake in QuantumScape by 39.0% in the fourth quarter. Spire Wealth Management now owns 5,350 shares of the company’s stock valued at $35,000 after acquiring an additional 1,500 shares during the period. International Assets Investment Management LLC increased its position in shares of QuantumScape by 595.1% during 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. C M Bidwell & Associates Ltd. raised its holdings in shares of QuantumScape by 37.3% during the third quarter. C M Bidwell & Associates Ltd. now owns 6,754 shares of the company’s stock worth $45,000 after acquiring an additional 1,835 shares during the period. CWM LLC boosted its stake in QuantumScape by 31.1% in the 3rd quarter. CWM LLC now owns 7,555 shares of the company’s stock worth $51,000 after purchasing an additional 1,794 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of QuantumScape by 57.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,096 shares of the company’s stock valued at $56,000 after purchasing an additional 2,954 shares during the period. 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.