QuantumScape (NYSE:QS) Trading Up 4.7% - Time to Buy?

QuantumScape Co. (NYSE:QS - Get Free Report) shares traded up 4.7% during mid-day trading on Friday . The company traded as high as $5.40 and last traded at $5.39. 2,771,406 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 8,690,152 shares. The stock had previously closed at $5.15.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $6.00 target price on shares of QuantumScape in a report on Tuesday, September 10th. Truist Financial reaffirmed a "hold" rating and set a $7.00 price target (up from $6.00) on shares of QuantumScape in a report on Friday, October 25th. Finally, Wolfe Research initiated coverage on QuantumScape in a report on Thursday, September 5th. They set an "underperform" rating for the company. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, QuantumScape currently has a consensus rating of "Hold" and an average target price of $6.14.

QuantumScape Price Performance

The stock has a market capitalization of $2.59 billion, a P/E ratio of -5.39 and a beta of 4.58. The company has a debt-to-equity ratio of 0.03, a quick ratio of 8.66 and a current ratio of 14.07. The stock has a 50-day simple moving average of $5.63 and a 200 day simple moving average of $5.79.

QuantumScape (NYSE:QS - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.23) EPS for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.02). During the same quarter in the previous year, the company posted ($0.23) earnings per share. On average, equities analysts forecast that QuantumScape Co. will post -0.97 earnings per share for the current fiscal year.

Insider Buying and Selling at QuantumScape

In other news, CFO Kevin Hettrich sold 58,000 shares of the firm's stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $5.78, for a total value of $335,240.00. Following the transaction, the chief financial officer now directly owns 1,073,022 shares in the company, valued at $6,202,067.16. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CTO Timothy Holme sold 44,306 shares of the firm's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $6.11, for a total value of $270,709.66. Following the transaction, the chief technology officer now directly owns 1,168,496 shares in the company, valued at $7,139,510.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kevin Hettrich sold 58,000 shares of the firm's stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $5.78, for a total value of $335,240.00. Following the completion of the transaction, the chief financial officer now owns 1,073,022 shares in the company, valued at $6,202,067.16. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 903,591 shares of company stock worth $5,195,582. Insiders own 12.03% of the company's stock.

Institutional Trading of QuantumScape

Hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC raised its stake in QuantumScape by 79.9% during the 3rd quarter. Signaturefd LLC now owns 4,838 shares of the company's stock worth $28,000 after buying an additional 2,148 shares during the period. International Assets Investment Management LLC raised its stake in QuantumScape by 475.1% during the 3rd quarter. International Assets Investment Management LLC now owns 5,118 shares of the company's stock worth $29,000 after buying an additional 4,228 shares during the period. CWM LLC raised its stake in shares of 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 purchasing an additional 2,556 shares during the period. Mather Group LLC. acquired a new stake in shares of QuantumScape in the 2nd quarter valued at about $36,000. Finally, Alaska Wealth Advisors acquired a new stake in shares of QuantumScape in the 2nd quarter valued at about $49,000. Institutional investors and hedge funds own 29.87% of the company's stock.

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.