QuantumScape Co. (NYSE:QS - Get Free Report) shares reached a new 52-week low during trading on Monday . The stock traded as low as $3.48 and last traded at $3.73, with a volume of 5336135 shares changing hands. The stock had previously closed at $3.83.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the stock. Truist Financial decreased their target price on shares of QuantumScape from $7.00 to $6.00 and set a "hold" rating for the company in a research report on Friday, February 14th. The Goldman Sachs Group decreased their price objective on shares of QuantumScape from $4.00 to $3.00 and set a "sell" rating for the company in a report on Thursday. UBS Group cut QuantumScape from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $5.00 to $2.50 in a report on Thursday. Finally, Evercore ISI reaffirmed a "hold" rating on shares of QuantumScape in a research note on Tuesday, February 25th. Three research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat.com, QuantumScape has an average rating of "Hold" and an average target price of $5.13.
Read Our Latest Analysis on QuantumScape
QuantumScape Stock Down 0.1 %
The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07. The stock has a market capitalization of $2.06 billion, a P/E ratio of -4.01 and a beta of 4.37. The stock's fifty day moving average is $4.51 and its two-hundred day moving average is $5.03.
QuantumScape (NYSE:QS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.01). As a group, research analysts predict that QuantumScape Co. will post -0.82 earnings per share for the current fiscal year.
Insider Transactions at QuantumScape
In other QuantumScape news, CFO Kevin Hettrich sold 36,949 shares of the business's stock in a transaction that occurred on Monday, January 27th. The shares were 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 of the company's stock, valued at $5,183,084.50. The trade was a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 transaction of $399,127.45. Following the transaction, the insider now owns 1,010,523 shares in the company, valued at $5,285,035.29. This represents a 7.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 180,147 shares of company stock valued at $935,758 over the last three months. 12.03% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of QS. Heck Capital Advisors LLC acquired a new position in QuantumScape in the 4th quarter valued at approximately $26,000. Raiffeisen Bank International AG acquired a new position in shares of QuantumScape in the fourth quarter valued at $29,000. Blue Trust Inc. raised its stake in shares of QuantumScape by 208.8% in the fourth quarter. Blue Trust Inc. now owns 6,738 shares of the company's stock valued at $39,000 after purchasing an additional 4,556 shares in the last quarter. Empowered Funds LLC bought a new position in QuantumScape in the fourth quarter worth $53,000. Finally, Atlas Legacy Advisors LLC acquired a new stake in QuantumScape during the fourth quarter worth $53,000. Institutional investors and hedge funds own 29.87% of the company's stock.
QuantumScape Company Profile
(
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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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