QuantumScape (NYSE:QS) Shares Down 2% – Time to Sell?

QuantumScape Co. (NYSE:QS) traded down 2% on Monday . The stock traded as low as $4.88 and last traded at $4.92. 3,519,866 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 8,750,395 shares. The stock had previously closed at $5.02.

Wall Street Analysts Forecast Growth

QS has been the topic of a number of recent analyst reports. Wolfe Research initiated coverage on shares of QuantumScape in a report on Thursday, September 5th. They issued an “underperform” rating on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $6.00 price objective on shares of QuantumScape in a report on Tuesday, September 10th. Finally, Truist Financial reiterated a “hold” rating and set a $7.00 price target (up from $6.00) on shares of QuantumScape in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $6.14.

QuantumScape Trading Up 0.6 %

The company’s fifty day simple moving average is $5.52 and its 200-day simple moving average is $5.78. The company has a current ratio of 14.07, a quick ratio of 14.07 and a debt-to-equity ratio of 0.03.

QuantumScape (NYSE:QS) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.02). During the same quarter in the previous year, the business posted ($0.23) EPS. As a group, equities research analysts forecast that QuantumScape Co. will post -0.97 earnings per share for the current fiscal year.

Insider Transactions at QuantumScape

In related news, CFO Kevin Hettrich sold 34,607 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $5.49, for a total transaction of $189,992.43. Following the sale, the chief financial officer now directly owns 1,073,022 shares of the company’s stock, valued at $5,890,890.78. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CTO Timothy Holme sold 44,306 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $6.11, for a total value of $270,709.66. Following the completion of the transaction, the chief technology officer now owns 1,168,496 shares in the company, valued at $7,139,510.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kevin Hettrich sold 34,607 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $5.49, for a total value of $189,992.43. Following the completion of the sale, the chief financial officer now directly owns 1,073,022 shares in the company, valued at approximately $5,890,890.78. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 711,321 shares of company stock valued at $4,138,097 over the last 90 days. 12.03% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. 180 Wealth Advisors LLC boosted its position in shares of QuantumScape by 2.7% in the second quarter. 180 Wealth Advisors LLC now owns 79,741 shares of the company’s stock worth $392,000 after buying an additional 2,059 shares during the period. Signaturefd LLC boosted its stake in shares of QuantumScape by 79.9% during the 3rd quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock valued at $28,000 after buying an additional 2,148 shares during the last quarter. CWM LLC grew its position in shares of QuantumScape by 56.0% during the second quarter. CWM LLC now owns 7,124 shares of the company’s stock worth $35,000 after buying an additional 2,556 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in QuantumScape by 32.4% in the third quarter. Farther Finance Advisors LLC now owns 13,521 shares of the company’s stock valued at $78,000 after acquiring an additional 3,310 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in QuantumScape by 4.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 83,867 shares of the company’s stock valued at $413,000 after acquiring an additional 3,527 shares during the last quarter. Institutional investors and hedge funds 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.