QuantumScape Co. (NYSE:QS - Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $4.90, but opened at $5.52. QuantumScape shares last traded at $5.17, with a volume of 14,268,534 shares changing hands.
Analysts Set New Price Targets
QS has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $6.00 price target on shares of QuantumScape in a research note on Tuesday, September 10th. Truist Financial reissued a "hold" rating and issued a $7.00 target price (up previously from $6.00) on shares of QuantumScape in a research report on Friday, October 25th. Hsbc Global Res raised shares of QuantumScape to a "hold" rating in a research report on Tuesday, November 19th. Wolfe Research began coverage on QuantumScape in a report on Thursday, September 5th. They issued an "underperform" rating for the company. Finally, HSBC raised QuantumScape from a "reduce" rating to a "hold" rating and set a $5.30 target price on the stock in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $6.26.
Check Out Our Latest Analysis on QuantumScape
QuantumScape Stock Up 1.7 %
The stock has a market cap of $2.55 billion, a P/E ratio of -5.35 and a beta of 4.50. The stock's fifty day simple moving average is $5.31 and its 200-day simple moving average is $5.71. The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07.
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 analysts' consensus estimates of ($0.21) by ($0.02). During the same quarter last year, the business posted ($0.23) earnings per share. On average, research analysts anticipate that QuantumScape Co. will post -0.99 earnings per share for the current year.
Insider Transactions at QuantumScape
In other QuantumScape 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 transaction of $65,056.32. Following the completion of the transaction, the director now owns 241,195 shares in the company, valued at approximately $1,215,622.80. The trade was a 5.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael O. Mccarthy III sold 106,084 shares of the firm's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $5.90, for a total value of $625,895.60. Following the transaction, the insider now directly owns 1,181,884 shares in the company, valued at $6,973,115.60. This trade represents a 8.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 702,057 shares of company stock worth $3,982,909. Insiders own 12.03% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. 180 Wealth Advisors LLC lifted its holdings in QuantumScape by 2.7% in the 2nd quarter. 180 Wealth Advisors LLC now owns 79,741 shares of the company's stock valued at $392,000 after acquiring an additional 2,059 shares during the last quarter. Signaturefd LLC raised its holdings in shares of QuantumScape by 79.9% in the 3rd quarter. Signaturefd LLC now owns 4,838 shares of the company's stock worth $28,000 after purchasing an additional 2,148 shares in the last quarter. CWM LLC lifted its stake in QuantumScape by 56.0% during the second quarter. CWM LLC now owns 7,124 shares of the company's stock valued at $35,000 after purchasing an additional 2,556 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in QuantumScape by 32.4% during the third quarter. Farther Finance Advisors LLC now owns 13,521 shares of the company's stock worth $78,000 after buying an additional 3,310 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in QuantumScape by 4.4% in the second quarter. The Manufacturers Life Insurance Company now owns 83,867 shares of the company's stock worth $413,000 after buying an additional 3,527 shares during the last quarter. Institutional investors and hedge funds own 29.87% of the company's stock.
About QuantumScape
(
Get Free Report)
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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