QuantumScape Co. (NYSE:QS – Get Free Report) insider Michael O. Mccarthy III sold 222,476 shares of QuantumScape stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $6.58, for a total value of $1,463,892.08. Following the completion of the sale, the insider now owns 1,283,847 shares of the company’s stock, valued at $8,447,713.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
QuantumScape Stock Performance
QS opened at $6.05 on Friday. QuantumScape Co. has a 52-week low of $4.67 and a 52-week high of $10.03. The company has a quick ratio of 10.38, a current ratio of 8.66 and a debt-to-equity ratio of 0.03. The company has a market cap of $3.02 billion, a P/E ratio of -6.30 and a beta of 4.61. The firm’s 50-day moving average price is $6.05 and its 200-day moving average price is $6.12.
QuantumScape (NYSE:QS – Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.03). During the same quarter in the previous year, the business posted ($0.26) EPS. As a group, equities analysts anticipate that QuantumScape Co. will post -0.9 EPS for the current fiscal year.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on QS
Hedge Funds Weigh In On QuantumScape
Several hedge funds have recently modified their holdings of QS. Spire Wealth Management increased its holdings in shares of QuantumScape by 39.0% during 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 in the last quarter. CWM LLC boosted its position in QuantumScape by 56.0% in the second quarter. CWM LLC now owns 7,124 shares of the company’s stock valued at $35,000 after buying an additional 2,556 shares during the last quarter. Mather Group LLC. purchased a new stake in QuantumScape in the second quarter valued at approximately $36,000. International Assets Investment Management LLC boosted its position in QuantumScape by 595.1% in the fourth quarter. International Assets Investment Management LLC now owns 6,186 shares of the company’s stock valued at $43,000 after buying an additional 5,296 shares during the last quarter. Finally, Alaska Wealth Advisors purchased a new stake in QuantumScape in the second quarter valued at approximately $49,000. 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.
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