QuantumScape (NYSE:QS) Trading Down 0.4% – What’s Next?

Shares of QuantumScape Co. (NYSE:QS) were down 0.4% during mid-day trading on Thursday . The stock traded as low as $4.99 and last traded at $5.02. Approximately 2,221,922 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 8,701,796 shares. The stock had previously closed at $5.04.

Wall Street Analyst Weigh In

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

QuantumScape Price Performance

The business’s 50-day simple moving average is $5.58 and its two-hundred day simple moving average is $5.79. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of -5.28 and a beta of 4.60. The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07.

QuantumScape (NYSE:QS) last posted its earnings results on Wednesday, October 23rd. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.02). During the same quarter in the previous year, the company posted ($0.23) earnings per share. Research analysts expect that QuantumScape Co. will post -0.97 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Kevin Hettrich sold 34,607 shares of QuantumScape stock in a transaction 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 transaction, the chief financial officer now owns 1,073,022 shares in the company, valued at approximately $5,890,890.78. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Michael O. Mccarthy III sold 50,575 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $5.99, for a total value of $302,944.25. Following the transaction, the insider now owns 1,184,745 shares in the company, valued at approximately $7,096,622.55. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kevin Hettrich sold 34,607 shares of QuantumScape stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $5.49, for a total transaction of $189,992.43. Following the transaction, 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 disclosure for this sale can be found here. Insiders have sold 903,591 shares of company stock valued at $5,195,582 in the last ninety days. 12.03% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in QS. Capstone Investment Advisors LLC raised its stake in shares of QuantumScape by 90.1% in the first quarter. Capstone Investment Advisors LLC now owns 49,418 shares of the company’s stock worth $311,000 after purchasing an additional 23,427 shares during the last quarter. Duality Advisers LP boosted its stake in shares of QuantumScape by 13.2% in the 1st quarter. Duality Advisers LP now owns 420,185 shares of the company’s stock worth $2,643,000 after buying an additional 48,845 shares during the last quarter. Quantbot Technologies LP grew its holdings in shares of QuantumScape by 34.6% in the first quarter. Quantbot Technologies LP now owns 165,961 shares of the company’s stock valued at $1,044,000 after acquiring an additional 42,692 shares in the last quarter. SG Americas Securities LLC increased its position in shares of QuantumScape by 11.7% during the first quarter. SG Americas Securities LLC now owns 75,158 shares of the company’s stock valued at $473,000 after acquiring an additional 7,879 shares during the last quarter. Finally, Towerview LLC bought a new stake in QuantumScape during the first quarter worth $252,000. 29.87% of the stock is owned by institutional investors.

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.