QuantumScape (NYSE:QS) Trading Down 2.1% - Here's Why

QuantumScape Co. (NYSE:QS - Get Free Report) shares traded down 2.1% during mid-day trading on Tuesday . The company traded as low as $4.93 and last traded at $4.97. 2,964,473 shares traded hands during trading, a decline of 83% from the average session volume of 16,958,639 shares. The stock had previously closed at $5.07.

Wall Street Analyst Weigh In

Several research firms recently weighed in on QS. Hsbc Global Res upgraded shares of QuantumScape to a "hold" rating in a research report on Tuesday, November 19th. HSBC raised shares of QuantumScape from a "reduce" rating to a "hold" rating and set a $5.30 price target on the stock in a report on Tuesday, November 19th. Finally, 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 note on Friday, October 25th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $6.26.

QuantumScape Trading Down 0.5 %

The stock has a market capitalization of $2.65 billion, a P/E ratio of -5.45 and a beta of 4.46. The stock's fifty day moving average price is $5.29 and its two-hundred day moving average price is $5.59. The company has a current ratio of 14.07, a quick ratio of 14.07 and a debt-to-equity ratio of 0.03.

Insider Buying and Selling at QuantumScape

In other QuantumScape news, Director Jagdeep Singh sold 5,531 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $5.01, for a total transaction of $27,710.31. Following the completion of the sale, the director now owns 2,590,583 shares of the company's stock, valued at $12,978,820.83. This represents a 0.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Mohit Singh sold 97,305 shares of the business's stock in a transaction dated Friday, December 27th. The shares were 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 owns 1,092,020 shares in the company, valued at $6,814,204.80. The trade was a 8.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 573,409 shares of company stock worth $3,090,581 over the last three months. Company insiders own 12.03% of the company's stock.

Institutional Trading of QuantumScape

Several large investors have recently modified their holdings of QS. Signaturefd LLC increased its position in shares of QuantumScape by 79.9% during the third quarter. Signaturefd LLC now owns 4,838 shares of the company's stock valued at $28,000 after buying an additional 2,148 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of QuantumScape by 32.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 13,521 shares of the company's stock valued at $78,000 after purchasing an additional 3,310 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of QuantumScape by 4.4% during the second quarter. The Manufacturers Life Insurance Company now owns 83,867 shares of the company's stock valued at $413,000 after purchasing an additional 3,527 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of 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 purchasing an additional 4,228 shares in the last quarter. Finally, Hsbc Holdings PLC raised its holdings in QuantumScape by 36.0% in the second quarter. Hsbc Holdings PLC now owns 16,737 shares of the company's stock worth $82,000 after purchasing an additional 4,433 shares in the last quarter. 29.87% of the stock is 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.