QuantumScape Co. (NYSE:QS) Receives $6.26 Consensus PT from Analysts

QuantumScape Co. (NYSE:QS - Get Free Report) has earned a consensus rating of "Reduce" from the seven research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $6.26.

A number of research analysts recently weighed in on the stock. Hsbc Global Res upgraded shares of QuantumScape to a "hold" rating in a report on Tuesday, November 19th. Truist Financial restated a "hold" rating and set a $7.00 price objective (up previously from $6.00) on shares of QuantumScape in a report on Friday, October 25th. Finally, HSBC raised shares of 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, November 19th.

QuantumScape Price Performance

Shares of QuantumScape stock traded down $0.08 on Thursday, hitting $5.00. 8,100,296 shares of the company were exchanged, compared to its average volume of 15,740,958. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of -5.26 and a beta of 4.45. The company has a quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.03. QuantumScape has a 1-year low of $4.65 and a 1-year high of $9.52. The company has a 50-day moving average price of $5.28 and a 200 day moving average price of $5.54.

Insiders Place Their Bets

In other news, insider Michael O. Mccarthy III sold 27,305 shares of the company's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $5.07, for a total transaction of $138,436.35. Following the completion of the sale, the insider now owns 1,129,167 shares in the company, valued at approximately $5,724,876.69. This represents a 2.36 % 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 308,097 shares of the business's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $5.30, for a total value of $1,632,914.10. Following the transaction, the director now directly owns 2,563,767 shares of the company's stock, valued at $13,587,965.10. This represents a 10.73 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 573,409 shares of company stock worth $3,090,581. Company insiders own 12.03% of the company's stock.

Institutional Investors Weigh In On QuantumScape

Several large investors have recently made changes to their positions in QS. Norden Group LLC acquired a new position in shares of QuantumScape during the 4th quarter worth approximately $143,000. SVB Wealth LLC bought a new stake in QuantumScape during the fourth quarter worth $67,000. Towerview LLC lifted its stake in QuantumScape by 11.1% in the fourth quarter. Towerview LLC now owns 100,000 shares of the company's stock valued at $519,000 after acquiring an additional 10,000 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of QuantumScape in the 4th quarter valued at about $1,275,000. Finally, Birchcreek Wealth Management LLC increased its stake in shares of QuantumScape by 13.6% during the 4th quarter. Birchcreek Wealth Management LLC now owns 22,583 shares of the company's stock worth $117,000 after purchasing an additional 2,700 shares during the last quarter. 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.