QuantumScape (NYSE:QS) Stock Rating Upgraded by Hsbc Global Res

Hsbc Global Res upgraded shares of QuantumScape (NYSE:QS - Free Report) to a hold rating in a research report sent to investors on Tuesday,Zacks.com reports.

Several other equities research analysts also recently weighed in on the stock. Truist Financial reaffirmed a "hold" rating and issued a $7.00 price objective (up previously from $6.00) on shares of QuantumScape in a report on Friday, October 25th. Wolfe Research started coverage on shares of QuantumScape in a report on Thursday, September 5th. They issued an "underperform" rating for the company. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $6.00 price target on shares of QuantumScape in a report on Tuesday, September 10th. Finally, HSBC raised shares of QuantumScape from a "reduce" rating to a "hold" rating and set a $5.30 price target for the company in a report on Tuesday. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat, QuantumScape currently has an average rating of "Hold" and a consensus price target of $6.26.

QuantumScape Stock Performance

QS stock traded up $0.11 during trading on Tuesday, hitting $5.15. 7,893,174 shares of the company's stock traded hands, compared to its average volume of 8,853,526. The stock has a fifty day moving average price of $5.43 and a two-hundred day moving average price of $5.74. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of -5.36 and a beta of 4.60. 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 52 week low of $4.65 and a 52 week high of $10.03.

QuantumScape (NYSE:QS - Get Free Report) last released its quarterly 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 period last year, the company posted ($0.23) EPS. As a group, equities analysts anticipate that QuantumScape will post -0.97 EPS for the current fiscal year.

Insider Buying and Selling

In other QuantumScape news, CFO Kevin Hettrich sold 34,607 shares of the 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 completion of the transaction, the chief financial officer now directly owns 1,073,022 shares in the company, valued at $5,890,890.78. This represents a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jagdeep Singh sold 5,531 shares of the firm's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $5.01, for a total value of $27,710.31. Following the completion of the sale, the director now owns 2,590,583 shares of the company's stock, valued at approximately $12,978,820.83. This trade represents a 0.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 606,197 shares of company stock valued at $3,498,399 over the last ninety days. 12.03% of the stock is owned by company insiders.

Institutional Trading of QuantumScape

Hedge funds and other institutional investors have recently made changes to their positions in the business. Signaturefd LLC increased its stake in shares of QuantumScape by 79.9% in the third quarter. Signaturefd LLC now owns 4,838 shares of the company's stock valued at $28,000 after buying an additional 2,148 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in QuantumScape by 475.1% in the third 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 last quarter. CWM LLC boosted its holdings 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 acquiring an additional 2,556 shares during the last quarter. Mather Group LLC. bought a new position in QuantumScape in the second quarter valued at about $36,000. Finally, Alaska Wealth Advisors bought a new position in QuantumScape in the second quarter valued at about $49,000. 29.87% of the stock is currently owned by institutional investors and hedge funds.

About QuantumScape

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.