QuantumScape (NYSE:QS) Sees Strong Trading Volume

Shares of QuantumScape Co. (NYSE:QS) saw strong trading volume on Friday . 5,479,215 shares were traded during trading, a decline of 35% from the previous session’s volume of 8,385,652 shares.The stock last traded at $7.47 and had previously closed at $7.06.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. UBS Group reduced 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. Truist Financial cut their price target on QuantumScape from $8.00 to $6.00 and set a “hold” rating on the stock in a report on Monday, April 22nd. Two 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. According to MarketBeat, QuantumScape has a consensus rating of “Hold” and a consensus target price of $6.67.

QuantumScape Trading Up 14.2 %

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 firm has a market cap of $4.03 billion, a P/E ratio of -8.32 and a beta of 4.62. The firm has a fifty day moving average of $5.47 and a 200-day moving average of $6.14.

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

Insider Activity at QuantumScape

In related news, Director Jagdeep Singh sold 79,006 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $5.03, for a total value of $397,400.18. Following the sale, the director now directly owns 2,809,253 shares in the company, valued at approximately $14,130,542.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Jagdeep Singh sold 79,006 shares of QuantumScape stock in a transaction on Friday, July 5th. The stock was sold at an average price of $5.03, for a total transaction of $397,400.18. Following the transaction, the director now directly owns 2,809,253 shares in the company, valued at approximately $14,130,542.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Fritz Prinz sold 25,816 shares of QuantumScape stock in a transaction on Monday, July 1st. The shares were sold at an average price of $4.87, for a total value of $125,723.92. Following the transaction, the director now owns 267,011 shares in the company, valued at $1,300,343.57. The disclosure for this sale can be found here. Insiders have sold a total of 674,338 shares of company stock worth $3,650,206 in the last three months. 10.18% of the stock is owned by company insiders.

Hedge Funds Weigh In On QuantumScape

Several hedge funds have recently modified their holdings of the company. CWM LLC increased its position in shares of QuantumScape by 56.0% during the 2nd quarter. CWM LLC now owns 7,124 shares of the company’s stock valued at $35,000 after purchasing an additional 2,556 shares during the period. Mather Group LLC. bought a new stake in shares of QuantumScape during the 2nd quarter worth $36,000. Westwood Holdings Group Inc. bought a new stake in shares of QuantumScape during the 1st quarter worth $82,000. DekaBank Deutsche Girozentrale bought a new stake in shares of QuantumScape during the 1st quarter worth $1,002,000. Finally, Tidal Investments LLC boosted its stake in shares of QuantumScape by 202.0% during the 1st quarter. Tidal Investments LLC now owns 137,755 shares of the company’s stock worth $866,000 after acquiring an additional 92,142 shares in the last quarter. 29.87% of the stock is currently owned by institutional investors and hedge funds.

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.