QuantumScape Co. (NYSE:QS - Get Free Report) insider Mohit Singh sold 97,305 shares of the company's stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $6.24, for a total transaction of $607,183.20. Following the completion of the transaction, the insider now owns 1,092,020 shares in the company, valued at approximately $6,814,204.80. This represents a 8.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
QuantumScape Stock Performance
QS traded down $0.19 during trading on Friday, hitting $5.95. The company's stock had a trading volume of 28,643,328 shares, compared to its average volume of 9,617,341. The business's 50 day simple moving average is $5.18 and its 200-day simple moving average is $5.64. 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 Co. has a one year low of $4.65 and a one year high of $10.03. The firm has a market cap of $3.05 billion, a PE ratio of -6.26 and a beta of 4.50.
QuantumScape (NYSE:QS - Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported ($0.23) earnings per share for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.02). During the same quarter in the prior year, the firm posted ($0.23) EPS. As a group, sell-side analysts predict that QuantumScape Co. will post -0.99 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $6.00 price objective on shares of QuantumScape in a research report on Tuesday, September 10th. Wolfe Research assumed coverage on QuantumScape in a research report on Thursday, September 5th. They set an "underperform" rating on the stock. Truist Financial reiterated a "hold" rating and issued a $7.00 price objective (up from $6.00) on shares of QuantumScape in a report on Friday, October 25th. Hsbc Global Res upgraded shares of QuantumScape to a "hold" rating in a research note on Tuesday, November 19th. Finally, HSBC upgraded shares of QuantumScape from a "reduce" rating to a "hold" rating and set a $5.30 price target for the company in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat.com, QuantumScape currently has a consensus rating of "Hold" and an average target price of $6.26.
Get Our Latest Stock Report on QuantumScape
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in QS. Signaturefd LLC grew its stake in QuantumScape by 79.9% during the third quarter. Signaturefd LLC now owns 4,838 shares of the company's stock valued at $28,000 after acquiring an additional 2,148 shares in the last quarter. International Assets Investment Management LLC boosted its stake in QuantumScape by 475.1% during the third quarter. International Assets Investment Management LLC now owns 5,118 shares of the company's stock valued at $29,000 after buying an additional 4,228 shares during the last quarter. Centaurus Financial Inc. purchased a new position in QuantumScape during the 2nd quarter valued at approximately $52,000. Financial Advocates Investment Management bought a new stake in QuantumScape in the 2nd quarter worth approximately $58,000. Finally, Atom Investors LP purchased a new stake in shares of QuantumScape during the 3rd quarter worth approximately $60,000. 29.87% of the stock is owned by hedge funds and other institutional investors.
QuantumScape Company Profile
(
Get Free Report)
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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