Shares of QuantumScape Co. (NYSE:QS - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $6.00, but opened at $6.34. QuantumScape shares last traded at $6.71, with a volume of 7,276,404 shares trading hands.
Analysts Set New Price Targets
Several equities research analysts have commented on QS shares. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $6.00 target price on shares of QuantumScape in a report on Tuesday, September 10th. Hsbc Global Res upgraded shares of QuantumScape to a "hold" rating in a research note on Tuesday, November 19th. Truist Financial restated a "hold" rating and set a $7.00 price objective (up from $6.00) on shares of QuantumScape in a research note on Friday, October 25th. Finally, HSBC raised shares of QuantumScape from a "reduce" rating to a "hold" rating and set a $5.30 target price for the company in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating and six have given a hold rating to the company's stock. Based on data from MarketBeat, QuantumScape currently has a consensus rating of "Hold" and a consensus target price of $6.26.
Check Out Our Latest Stock Analysis on QuantumScape
QuantumScape Trading Up 9.8 %
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 firm has a market cap of $3.38 billion, a PE ratio of -6.94 and a beta of 4.46. The stock has a 50-day simple moving average of $5.16 and a two-hundred day simple moving average of $5.66.
QuantumScape (NYSE:QS - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.02). During the same quarter in the previous year, the firm earned ($0.23) EPS. As a group, sell-side analysts anticipate that QuantumScape Co. will post -0.99 EPS for the current year.
Insider Transactions at QuantumScape
In related news, insider Mohit Singh sold 97,305 shares of the firm's stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $6.24, for a total value of $607,183.20. Following the transaction, the insider now owns 1,092,020 shares of the company's stock, valued at approximately $6,814,204.80. This trade represents a 8.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael O. Mccarthy III sold 27,305 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $5.07, for a total transaction of $138,436.35. Following the sale, the insider now owns 1,129,167 shares of the company's stock, valued at $5,724,876.69. This trade represents a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 571,067 shares of company stock worth $3,093,612 in the last ninety days. Insiders own 12.03% of the company's stock.
Hedge Funds Weigh In On QuantumScape
Several institutional investors and hedge funds have recently bought and sold shares of QS. State Street Corp boosted its position in shares of QuantumScape by 1.5% in the third quarter. State Street Corp now owns 5,918,496 shares of the company's stock worth $34,031,000 after purchasing an additional 87,563 shares during the period. Geode Capital Management LLC boosted its holdings in QuantumScape by 3.9% in the 3rd 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 during the period. Charles Schwab Investment Management Inc. boosted its holdings in QuantumScape by 4.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,227,072 shares of the company's stock worth $12,806,000 after buying an additional 93,826 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in QuantumScape by 8.7% in the 3rd 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. Finally, Bank of New York Mellon Corp raised its holdings in QuantumScape by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 930,614 shares of the company's stock valued at $4,579,000 after acquiring an additional 11,897 shares during the period. 29.87% of the stock is currently owned by hedge funds and other institutional investors.
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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