QuantumScape (NYSE:QS) Stock Price Down 1.6% – Time to Sell?

QuantumScape Co. (NYSE:QS)’s stock price dropped 1.6% during trading on Thursday . The company traded as low as $4.96 and last traded at $4.99. Approximately 2,076,725 shares changed hands during trading, a decline of 76% from the average daily volume of 8,832,681 shares. The stock had previously closed at $5.07.

Analyst Ratings Changes

QS has been the subject of a number of recent research reports. HSBC upgraded QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price objective for the company in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $6.00 price objective on shares of QuantumScape in a research report on Tuesday, September 10th. Hsbc Global Res raised shares of QuantumScape to a “hold” rating in a research note on Tuesday. Wolfe Research began coverage on shares of QuantumScape in a research note on Thursday, September 5th. They set an “underperform” rating on the stock. Finally, Truist Financial reissued a “hold” rating and set a $7.00 target price (up from $6.00) on shares of QuantumScape in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $6.26.

QuantumScape Price Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07. The company’s 50 day moving average is $5.41 and its two-hundred day moving average is $5.74.

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

Insider Transactions at QuantumScape

In related news, Director Fritz Prinz sold 12,908 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $5.04, for a total value of $65,056.32. Following the sale, the director now directly owns 241,195 shares of the company’s stock, valued at approximately $1,215,622.80. The trade was a 5.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jagdeep Singh sold 192,270 shares of QuantumScape stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $5.99, for a total transaction of $1,151,697.30. Following the completion of the sale, the director now owns 2,590,583 shares in the company, valued at $15,517,592.17. The trade was a 6.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 702,057 shares of company stock valued at $3,982,909. Corporate insiders own 12.03% of the company’s stock.

Institutional Trading of QuantumScape

A number of institutional investors have recently bought and sold shares of QS. Signaturefd LLC increased its position in QuantumScape by 79.9% in the 3rd quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock valued at $28,000 after acquiring an additional 2,148 shares during the period. International Assets Investment Management LLC increased its position in QuantumScape by 475.1% in the 3rd quarter. International Assets Investment Management LLC now owns 5,118 shares of the company’s stock valued at $29,000 after acquiring an additional 4,228 shares during the period. CWM LLC increased its position in QuantumScape by 56.0% in the 2nd quarter. CWM LLC now owns 7,124 shares of the company’s stock valued at $35,000 after acquiring an additional 2,556 shares during the period. Mather Group LLC. acquired a new position in QuantumScape in the 2nd quarter valued at approximately $36,000. Finally, Alaska Wealth Advisors acquired a new position in QuantumScape in the 2nd quarter valued at approximately $49,000. Institutional investors 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.