QuantumScape Co. (NYSE:QS - Get Free Report) shares rose 0.7% during trading on Wednesday . The company traded as high as $5.51 and last traded at $5.49. Approximately 3,061,770 shares changed hands during trading, a decline of 65% from the average daily volume of 8,678,846 shares. The stock had previously closed at $5.45.
Wall Street Analyst Weigh In
QS has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $6.00 price target on shares of QuantumScape in a research report on Tuesday, September 10th. Wolfe Research initiated coverage on QuantumScape in a research report on Thursday, September 5th. They set an "underperform" rating for the company. Finally, Truist Financial reaffirmed a "hold" rating and set a $7.00 price target (up from $6.00) on shares of QuantumScape in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $6.14.
Read Our Latest Analysis on QuantumScape
QuantumScape Stock Down 2.4 %
The company has a quick ratio of 8.66, a current ratio of 8.66 and a debt-to-equity ratio of 0.03. The stock has a 50-day simple moving average of $5.66 and a 200-day simple moving average of $5.80. The firm has a market capitalization of $2.69 billion, a PE ratio of -5.60 and a beta of 4.58.
QuantumScape (NYSE:QS - Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.02). During the same period last year, the firm earned ($0.23) earnings per share. Analysts forecast that QuantumScape Co. will post -0.9 EPS for the current year.
Insider Transactions at QuantumScape
In other news, CFO Kevin Hettrich sold 34,607 shares of the firm's stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $5.49, for a total value of $189,992.43. Following the completion of 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Kevin Hettrich sold 34,607 shares of the firm's stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $5.49, for a total value of $189,992.43. Following the completion of 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jagdeep Singh sold 192,270 shares of the firm's stock in a transaction on Monday, October 7th. The stock was sold at an average price of $5.53, for a total value of $1,063,253.10. Following the completion of the transaction, the director now directly owns 2,590,583 shares of the company's stock, valued at $14,325,923.99. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 903,591 shares of company stock valued at $5,195,582 over the last three months. Company insiders own 12.03% of the company's stock.
Institutional Investors Weigh In On QuantumScape
Several large investors have recently added to or reduced their stakes in the business. Signaturefd LLC lifted its stake in QuantumScape by 79.9% during the third quarter. Signaturefd LLC now owns 4,838 shares of the company's stock worth $28,000 after purchasing an additional 2,148 shares during the last quarter. International Assets Investment Management LLC lifted 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 worth $29,000 after purchasing an additional 4,228 shares during the last quarter. CWM LLC lifted its stake in QuantumScape by 56.0% during the second quarter. CWM LLC now owns 7,124 shares of the company's stock worth $35,000 after purchasing an additional 2,556 shares during the last quarter. Mather Group LLC. bought a new stake in QuantumScape during the second quarter worth about $36,000. Finally, Alaska Wealth Advisors bought a new stake in QuantumScape during the second quarter worth about $49,000. Institutional investors own 29.87% of the company's stock.
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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