QuantumScape (NYSE:QS) Trading Down 1.6%

QuantumScape Co. (NYSE:QS) fell 1.6% on Monday . The company traded as low as $4.83 and last traded at $4.84. 1,015,647 shares were traded during trading, a decline of 87% from the average session volume of 7,934,758 shares. The stock had previously closed at $4.92.

Wall Street Analyst Weigh In

QS has been the topic of several research analyst reports. Truist Financial lowered their target price on shares of QuantumScape from $8.00 to $6.00 and set a “hold” rating on the stock in a research note on Monday, April 22nd. UBS Group dropped their target price on QuantumScape from $9.00 to $5.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, QuantumScape presently has an average rating of “Hold” and a consensus price target of $6.67.

QuantumScape Price Performance

The stock has a 50 day moving average of $5.49 and a two-hundred day moving average of $6.25. The company has a debt-to-equity ratio of 0.03, a quick ratio of 10.38 and a current ratio of 10.38. The stock has a market cap of $2.41 billion, a PE ratio of -5.04 and a beta of 4.62.

QuantumScape (NYSE:QS) last released its earnings results on Wednesday, April 24th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.02). Equities analysts anticipate that QuantumScape Co. will post -0.89 EPS for the current year.

Insider Buying and Selling at QuantumScape

In other QuantumScape news, CFO Kevin Hettrich sold 34,607 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $6.14, for a total transaction of $212,486.98. Following the completion of the sale, the chief financial officer now directly owns 1,178,512 shares in the company, valued at approximately $7,236,063.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other QuantumScape news, CFO Kevin Hettrich sold 34,607 shares of QuantumScape stock in a transaction on Monday, April 8th. The shares were sold at an average price of $6.14, for a total transaction of $212,486.98. Following the completion of the sale, the chief financial officer now owns 1,178,512 shares of the company’s stock, valued at approximately $7,236,063.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael O. Mccarthy III sold 22,554 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $5.72, for a total transaction of $129,008.88. Following the completion of the transaction, the insider now directly owns 1,207,500 shares in the company, valued at $6,906,900. The disclosure for this sale can be found here. Insiders have sold a total of 490,859 shares of company stock valued at $2,768,719 in the last three months. 10.18% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On QuantumScape

Several institutional investors have recently made changes to their positions in QS. Spire Wealth Management lifted 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 last quarter. International Assets Investment Management LLC lifted its stake in shares of QuantumScape by 595.1% in the 4th quarter. International Assets Investment Management LLC now owns 6,186 shares of the company’s stock valued at $43,000 after purchasing an additional 5,296 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in QuantumScape by 57.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,096 shares of the company’s stock worth $56,000 after purchasing an additional 2,954 shares in the last quarter. StepStone Group LP acquired a new position in QuantumScape during the fourth quarter worth $56,000. Finally, Evergreen Wealth Solutions LLC bought a new position in QuantumScape during the first quarter valued at about $64,000. 29.87% of the stock is currently owned by institutional investors and hedge funds.

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.