QuantumScape (NYSE:QS) Stock Price Down 1% - What's Next?

QuantumScape Co. (NYSE:QS - Get Free Report)'s stock price dropped 1% on Monday . The company traded as low as $5.20 and last traded at $5.21. Approximately 12,671,967 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 18,751,680 shares. The stock had previously closed at $5.26.

Wall Street Analysts Forecast Growth

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

QuantumScape Trading Down 1.0 %

The company has a quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $2.67 billion, a PE ratio of -5.48 and a beta of 4.46. The company's 50-day simple moving average is $5.25 and its 200 day simple moving average is $5.71.

QuantumScape (NYSE:QS - Get Free Report) last posted its quarterly earnings data 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 posted ($0.23) EPS. As a group, sell-side analysts expect that QuantumScape Co. will post -0.99 EPS for the current year.

Insider Buying and Selling

In other news, CFO Kevin Hettrich sold 55,647 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $5.05, for a total transaction of $281,017.35. Following the sale, the chief financial officer now owns 1,022,743 shares of the company's stock, valued at $5,164,852.15. This trade represents a 5.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jagdeep Singh sold 5,531 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were 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. This trade represents a 0.21 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 536,460 shares of company stock worth $2,903,619. 12.03% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC lifted its holdings in QuantumScape by 127.0% in the 4th quarter. SG Americas Securities LLC now owns 204,630 shares of the company's stock valued at $1,062,000 after purchasing an additional 114,504 shares in the last quarter. Guardian Investment Management lifted its holdings in QuantumScape by 158.6% in the 4th quarter. Guardian Investment Management now owns 12,490 shares of the company's stock valued at $65,000 after purchasing an additional 7,660 shares in the last quarter. 180 Wealth Advisors LLC raised its holdings in shares of QuantumScape by 13.3% during the 4th quarter. 180 Wealth Advisors LLC now owns 112,168 shares of the company's stock worth $582,000 after acquiring an additional 13,177 shares during the period. Sanctuary Advisors LLC raised its holdings in shares of QuantumScape by 28.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 161,781 shares of the company's stock worth $930,000 after acquiring an additional 35,579 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of QuantumScape during the 3rd quarter worth $235,000. Hedge funds and other 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.

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