QuantumScape (NYSE:QS) Stock Price Down 1% - Should You Sell?

QuantumScape Co. (NYSE:QS - Get Free Report) was down 1% during trading on Wednesday . The company traded as low as $4.93 and last traded at $4.96. Approximately 3,045,560 shares were traded during trading, a decline of 66% from the average daily volume of 8,861,231 shares. The stock had previously closed at $5.01.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on QS shares. HSBC upgraded 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. Truist Financial restated a "hold" rating and issued a $7.00 target price (up from $6.00) on shares of QuantumScape in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $6.00 target price on shares of QuantumScape in a report on Tuesday, September 10th. Wolfe Research started coverage on shares of QuantumScape in a research note on Thursday, September 5th. They set an "underperform" rating for the company. Finally, Hsbc Global Res upgraded shares of QuantumScape to a "hold" rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company's stock. Based on data from MarketBeat, QuantumScape currently has an average rating of "Hold" and an average target price of $6.26.

QuantumScape Trading Down 2.2 %

The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of -5.16 and a beta of 4.50. The business's 50-day moving average price is $5.32 and its 200 day moving average price 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 posted its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.02). During the same quarter in the previous year, the business earned ($0.23) EPS. On average, equities analysts forecast that QuantumScape Co. will post -0.99 earnings per share for the current fiscal year.

Insider Transactions at QuantumScape

In other QuantumScape news, CFO Kevin Hettrich sold 58,000 shares of QuantumScape stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $5.78, for a total transaction of $335,240.00. Following the completion of the transaction, the chief financial officer now directly owns 1,073,022 shares of the company's stock, valued at approximately $6,202,067.16. This trade represents a 5.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 completion of the sale, the insider now owns 1,181,884 shares of the company's stock, valued at approximately $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. Insiders sold 702,057 shares of company stock valued at $3,982,909 over the last three months. 12.03% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On QuantumScape

Several institutional investors have recently bought and sold shares of QS. 180 Wealth Advisors LLC lifted its position in shares of QuantumScape by 2.7% during 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 period. Signaturefd LLC lifted its position in shares of QuantumScape by 79.9% during the 3rd quarter. Signaturefd LLC now owns 4,838 shares of the company's stock valued at $28,000 after acquiring an additional 2,148 shares during the period. CWM LLC lifted its position in shares of QuantumScape by 56.0% during the 2nd quarter. CWM LLC now owns 7,124 shares of the company's stock valued at $35,000 after acquiring an additional 2,556 shares during the period. Farther Finance Advisors LLC lifted its position in shares of QuantumScape by 32.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 13,521 shares of the company's stock valued at $78,000 after acquiring an additional 3,310 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in shares of QuantumScape by 4.4% during the 2nd 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 own 29.87% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.