QuantumScape (NYSE:QS) Sets New 1-Year Low - Time to Sell?

Shares of QuantumScape Co. (NYSE:QS - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $4.03 and last traded at $4.18, with a volume of 2121073 shares traded. The stock had previously closed at $4.33.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Truist Financial decreased their price target on QuantumScape from $7.00 to $6.00 and set a "hold" rating on the stock in a research note on Friday, February 14th. Evercore ISI reissued a "hold" rating on shares of QuantumScape in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $6.06.

QuantumScape Trading Down 4.4 %

The firm has a market cap of $2.09 billion, a price-to-earnings ratio of -4.06 and a beta of 4.37. The business has a fifty day moving average of $4.70 and a two-hundred day moving average of $5.12. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07.

QuantumScape (NYSE:QS - Get Free Report) last posted its 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, equities analysts expect that QuantumScape Co. will post -0.82 earnings per share for the current fiscal year.

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Insiders Place Their Bets

In other 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 sale, the chief financial officer now directly owns 1,024,325 shares in the company, valued at $5,183,084.50. This represents a 3.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Fritz Prinz sold 12,908 shares of QuantumScape stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $5.22, for a total value of $67,379.76. Following the sale, the director now owns 228,287 shares of the company's stock, valued at approximately $1,191,658.14. This represents a 5.35 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 180,147 shares of company stock worth $935,758. Insiders own 12.03% of the company's stock.

Hedge Funds Weigh In On QuantumScape

Several institutional investors and hedge funds have recently modified their holdings of QS. Heck Capital Advisors LLC acquired a new position in QuantumScape in the 4th quarter valued at $26,000. Raiffeisen Bank International AG purchased a new position in QuantumScape during the fourth quarter worth about $29,000. Blue Trust Inc. boosted its stake in QuantumScape by 208.8% in the 4th quarter. Blue Trust Inc. now owns 6,738 shares of the company's stock worth $39,000 after buying an additional 4,556 shares during the last quarter. Empowered Funds LLC purchased a new stake in QuantumScape in the 4th quarter valued at about $53,000. Finally, Atlas Legacy Advisors LLC acquired a new position in shares of QuantumScape during the 4th quarter valued at about $53,000. Hedge funds and other institutional investors 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.