QuantumScape (NYSE:QS) Trading 1.6% Higher - Should You Buy?

Shares of QuantumScape Co. (NYSE:QS - Get Free Report) traded up 1.6% during trading on Monday . The stock traded as high as $5.26 and last traded at $5.20. 2,494,187 shares traded hands during trading, a decline of 71% from the average session volume of 8,696,692 shares. The stock had previously closed at $5.12.

Analyst Upgrades and Downgrades

Several brokerages have commented on QS. Wolfe Research initiated coverage on QuantumScape in a report on Thursday, September 5th. They issued an "underperform" rating on the stock. Truist Financial reiterated a "hold" rating and set a $7.00 price target (up previously from $6.00) on shares of QuantumScape in a report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $6.00 price objective on shares of QuantumScape in a report on Tuesday, September 10th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $6.14.

QuantumScape Stock Performance

The firm's fifty day moving average is $5.61 and its 200-day moving average is $5.79. The company has a current ratio of 14.07, a quick ratio of 8.66 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $2.61 billion, a PE ratio of -5.36 and a beta of 4.60.

QuantumScape (NYSE:QS - Get Free Report) last released its quarterly 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 quarter last year, the firm earned ($0.23) EPS. As a group, research analysts anticipate that QuantumScape Co. will post -0.97 earnings per share for the current year.

Insider Activity

In related news, Director Fritz Prinz sold 12,908 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $5.96, for a total transaction of $76,931.68. Following the transaction, the director now owns 254,103 shares of the company's stock, valued at approximately $1,514,453.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Jagdeep Singh sold 192,270 shares of the company's stock in a transaction on Monday, August 12th. The stock was sold at an average price of $5.50, for a total transaction of $1,057,485.00. Following the sale, the director now owns 2,809,253 shares of the company's stock, valued at approximately $15,450,891.50. This 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 can be accessed through the SEC website. Also, Director Fritz Prinz sold 12,908 shares of the business's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $5.96, for a total value of $76,931.68. Following the transaction, the director now directly owns 254,103 shares of the company's stock, valued at $1,514,453.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 903,591 shares of company stock valued at $5,195,582. 12.03% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On QuantumScape

Hedge funds have recently bought and sold shares of the stock. Signaturefd LLC boosted its position in shares of QuantumScape by 79.9% during the 3rd quarter. Signaturefd LLC now owns 4,838 shares of the company's stock worth $28,000 after acquiring an additional 2,148 shares in the last quarter. International Assets Investment Management LLC raised its holdings 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 in the last quarter. CWM LLC raised its holdings 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 in the last quarter. Mather Group LLC. purchased a new stake in shares of QuantumScape during the 2nd quarter worth approximately $36,000. Finally, Alaska Wealth Advisors acquired a new position in shares of QuantumScape in the 2nd quarter valued at $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.