QuantumScape Co. (NYSE:QS - Get Free Report)'s share price reached a new 52-week low on Monday . The company traded as low as $4.03 and last traded at $4.18, with a volume of 2121073 shares. The stock had previously closed at $4.33.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on QS shares. Evercore ISI reaffirmed a "hold" rating on shares of QuantumScape in a report on Tuesday, February 25th. Truist Financial decreased their price objective on QuantumScape from $7.00 to $6.00 and set a "hold" rating on the stock in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $6.06.
Check Out Our Latest Stock Analysis on QuantumScape
QuantumScape Price Performance
The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07. The company has a market capitalization of $2.09 billion, a P/E ratio of -4.06 and a beta of 4.45. The firm's fifty day moving average is $4.73 and its 200 day moving average is $5.14.
QuantumScape (NYSE:QS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.01). As a group, analysts predict that QuantumScape Co. will post -0.82 earnings per share for the current fiscal year.
Insider Buying and Selling
In other QuantumScape news, CFO Kevin Hettrich sold 36,949 shares of the company's stock in a transaction on Monday, January 27th. The stock was sold at an average price of $5.06, for a total value of $186,961.94. Following the completion of the sale, the chief financial officer now directly owns 1,024,325 shares in the company, valued at approximately $5,183,084.50. This represents a 3.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael O. Mccarthy III sold 76,315 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $5.23, for a total value of $399,127.45. Following the transaction, the insider now owns 1,010,523 shares in the company, valued at approximately $5,285,035.29. This represents a 7.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 180,147 shares of company stock valued at $935,758 in the last 90 days. Company insiders own 12.03% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its holdings in shares of QuantumScape by 4.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,227,072 shares of the company's stock valued at $12,806,000 after purchasing an additional 93,826 shares in the last quarter. FMR LLC increased its holdings in QuantumScape by 74.9% during the third quarter. FMR LLC now owns 14,070 shares of the company's stock valued at $81,000 after buying an additional 6,026 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in QuantumScape by 8.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,180,002 shares of the company's stock worth $6,785,000 after buying an additional 94,103 shares in the last quarter. Atom Investors LP bought a new stake in QuantumScape during the 3rd quarter valued at $60,000. Finally, Centiva Capital LP purchased a new position in shares of QuantumScape in the 3rd quarter valued at $555,000. 29.87% of the stock is currently owned by institutional investors.
About QuantumScape
(
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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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