QuantumScape (NYSE:QS) Shares Down 5.7% - Time to Sell?

QuantumScape Co. (NYSE:QS - Get Free Report)'s share price fell 5.7% during trading on Monday . The stock traded as low as $5.83 and last traded at $5.84. 5,800,218 shares were traded during mid-day trading, a decline of 33% from the average session volume of 8,624,057 shares. The stock had previously closed at $6.19.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on QS. Wolfe Research assumed coverage on QuantumScape in a research note on Thursday, September 5th. They issued an "underperform" rating on the stock. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $6.00 target price on shares of QuantumScape in a research report on Tuesday, September 10th. Finally, Truist Financial restated a "hold" rating and issued a $7.00 target price (up from $6.00) on shares of QuantumScape in a report on Friday. Two analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $6.14.

QuantumScape Stock Down 8.2 %

The stock has a fifty day moving average price of $5.69 and a 200-day moving average price of $5.80. The firm has a market cap of $2.84 billion, a PE ratio of -5.92 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 8.66.

QuantumScape (NYSE:QS - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.02). During the same period in the prior year, the firm posted ($0.23) EPS. Research analysts expect that QuantumScape Co. will post -0.9 EPS for the current year.

Insider Buying and Selling

In other QuantumScape news, Director Fritz Prinz sold 12,908 shares of the business's 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 in the company, valued at $1,514,453.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Michael O. Mccarthy III sold 222,476 shares of the firm's stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $6.58, for a total transaction of $1,463,892.08. Following the completion of the sale, the insider now directly owns 1,283,847 shares of the company's stock, valued at approximately $8,447,713.26. 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 accessible through this link. Also, Director Fritz Prinz sold 12,908 shares of QuantumScape stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $5.96, for a total transaction of $76,931.68. Following the sale, the director now directly owns 254,103 shares in the company, valued at $1,514,453.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,126,067 shares of company stock valued at $6,659,475. Company insiders own 10.18% of the company's stock.

Institutional Trading of QuantumScape

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in QuantumScape by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 29,828,269 shares of the company's stock valued at $207,306,000 after purchasing an additional 796,723 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of QuantumScape by 40.2% during the first quarter. Principal Financial Group Inc. now owns 28,278 shares of the company's stock worth $178,000 after buying an additional 8,106 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of QuantumScape by 1.7% in the first quarter. Commonwealth Equity Services LLC now owns 358,597 shares of the company's stock worth $2,256,000 after buying an additional 6,006 shares during the last quarter. SpiderRock Advisors LLC acquired a new stake in QuantumScape in the first quarter valued at $66,000. Finally, Baillie Gifford & Co. boosted its stake in QuantumScape by 10.3% during the 1st quarter. Baillie Gifford & Co. now owns 2,679,518 shares of the company's stock valued at $16,854,000 after acquiring an additional 251,186 shares during the last quarter. 29.87% of the stock is currently owned by institutional investors and hedge funds.

QuantumScape Company Profile

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.