QuantumScape (NYSE:QS) Stock Price Down 5.2% - What's Next?

QuantumScape Co. (NYSE:QS - Get Free Report)'s share price traded down 5.2% during trading on Monday . The company traded as low as $5.26 and last traded at $5.32. 8,749,004 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 21,090,879 shares. The stock had previously closed at $5.61.

Analyst Ratings Changes

QS has been the subject of a number of research reports. Hsbc Global Res upgraded QuantumScape to a "hold" rating in a report on Tuesday, November 19th. HSBC raised shares of QuantumScape from a "reduce" rating to a "hold" rating and set a $5.30 price target for the company in a research note on Tuesday, November 19th. Finally, Truist Financial reissued a "hold" rating and issued a $7.00 price objective (up previously from $6.00) on shares of QuantumScape in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $6.26.

QuantumScape Trading Down 3.7 %

The company has a market cap of $2.77 billion, a P/E ratio of -5.68 and a beta of 4.46. The business has a 50 day moving average price of $5.23 and a 200-day moving average price of $5.70. The company has a current ratio of 14.07, a quick ratio of 14.07 and a debt-to-equity ratio of 0.03.

QuantumScape (NYSE:QS - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.23) EPS for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.02). During the same period last year, the company posted ($0.23) earnings per share. Analysts forecast that QuantumScape Co. will post -0.99 earnings per share for the current fiscal year.

Insider Buying and Selling at QuantumScape

In related news, Director Fritz Prinz sold 12,908 shares of the business's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $5.04, for a total value of $65,056.32. Following the completion of the sale, the director now directly owns 241,195 shares in the company, valued at $1,215,622.80. The trade was a 5.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jagdeep Singh sold 5,531 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $5.01, for a total value of $27,710.31. Following the transaction, the director now owns 2,590,583 shares in the company, valued at $12,978,820.83. The trade was a 0.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 536,460 shares of company stock valued at $2,903,619 in the last quarter. 12.03% of the stock is currently owned by insiders.

Hedge Funds Weigh In On QuantumScape

Hedge funds have recently bought and sold shares of the company. Canada Pension Plan Investment Board bought a new stake in shares of QuantumScape during the 2nd quarter valued at approximately $1,950,000. American Century Companies Inc. grew its stake in shares of QuantumScape by 880.6% during the second quarter. American Century Companies Inc. now owns 352,286 shares of the company's stock worth $1,733,000 after buying an additional 316,361 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of QuantumScape by 3.9% during the third quarter. Geode Capital Management LLC now owns 5,853,958 shares of the company's stock worth $33,671,000 after buying an additional 218,743 shares in the last quarter. Weiss Asset Management LP bought a new position in shares of QuantumScape in the 3rd quarter valued at $828,000. Finally, Nisa Investment Advisors LLC grew its position in QuantumScape by 6,650.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 135,000 shares of the company's stock worth $776,000 after acquiring an additional 133,000 shares during the last quarter. 29.87% of the stock is owned by institutional investors.

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.