QuantumScape (NYSE:QS) Shares Up 4.3% - Still a Buy?

Shares of QuantumScape Co. (NYSE:QS - Get Free Report) shot up 4.3% during mid-day trading on Friday . The stock traded as high as $5.57 and last traded at $5.43. 5,339,938 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 15,790,875 shares. The stock had previously closed at $5.20.

Analyst Ratings Changes

Several analysts have commented on QS shares. Truist Financial reiterated a "hold" rating and set a $7.00 target price (up from $6.00) on shares of QuantumScape in a research note on Friday, October 25th. HSBC raised QuantumScape from a "reduce" rating to a "hold" rating and set a $5.30 price objective on the stock in a research report on Tuesday, November 19th. Finally, Hsbc Global Res raised QuantumScape to a "hold" rating in a research 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. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $6.26.

QuantumScape Stock Performance

The business has a 50-day moving average of $5.29 and a 200 day moving average of $5.59. The company has a market cap of $2.55 billion, a PE ratio of -5.24 and a beta of 4.45. The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07.

Insider Buying and Selling

In related news, insider Mohit Singh sold 97,305 shares of the business's stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $6.24, for a total transaction of $607,183.20. Following the completion of the transaction, the insider now directly owns 1,092,020 shares in the company, valued at approximately $6,814,204.80. The trade was a 8.18 % 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 27,305 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The stock was 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 in the company, valued at approximately $5,724,876.69. The trade was a 2.36 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 573,409 shares of company stock valued at $3,090,581. 12.03% of the stock is owned by insiders.

Hedge Funds Weigh In On QuantumScape

A number of hedge funds have recently modified their holdings of the company. Signaturefd LLC boosted its stake in 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 during the period. Heck Capital Advisors LLC bought a new position in shares of QuantumScape during the fourth quarter worth $26,000. International Assets Investment Management LLC grew its stake in QuantumScape by 475.1% during the third quarter. International Assets Investment Management LLC now owns 5,118 shares of the company's stock valued at $29,000 after acquiring an additional 4,228 shares in the last quarter. Blue Trust Inc. increased its holdings in QuantumScape by 208.8% in the 4th quarter. Blue Trust Inc. now owns 6,738 shares of the company's stock valued at $39,000 after acquiring an additional 4,556 shares during the last quarter. Finally, Empowered Funds LLC purchased a new stake in QuantumScape in the 4th quarter worth $53,000. 29.87% of the stock is currently owned by institutional investors.

QuantumScape Company Profile

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.