QuantumScape (NYSE:QS) Shares Up 0.4% - Time to Buy?

QuantumScape Co. (NYSE:QS - Get Free Report)'s stock price traded up 0.4% on Tuesday . The stock traded as high as $5.12 and last traded at $5.11. 2,365,439 shares traded hands during trading, a decline of 73% from the average session volume of 8,691,610 shares. The stock had previously closed at $5.09.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on QS. 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. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $6.00 price target on shares of QuantumScape in a research note on Tuesday, September 10th. Finally, Wolfe Research began coverage on shares of QuantumScape in a research note on Thursday, September 5th. They issued an "underperform" rating for the company. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $6.14.

QuantumScape Stock Up 2.0 %

The company has a current ratio of 14.07, a quick ratio of 14.07 and a debt-to-equity ratio of 0.03. The company's 50-day moving average is $5.61 and its 200 day moving average is $5.79. The stock has a market capitalization of $2.66 billion, a PE ratio of -5.46 and a beta of 4.60.

QuantumScape (NYSE:QS - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.23) earnings per share for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.02). During the same period in the prior year, the business earned ($0.23) earnings per share. As a group, analysts anticipate that QuantumScape Co. will post -0.97 EPS for the current year.

Insider Transactions at QuantumScape

In other news, CFO Kevin Hettrich sold 34,607 shares of the stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $5.49, for a total value of $189,992.43. Following the sale, the chief financial officer now directly owns 1,073,022 shares in the company, valued at approximately $5,890,890.78. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Kevin Hettrich sold 34,607 shares of the business's stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $5.49, for a total value of $189,992.43. Following the completion of the sale, the chief financial officer now directly owns 1,073,022 shares of the company's stock, valued at approximately $5,890,890.78. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jagdeep Singh sold 192,270 shares of the business's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $5.50, for a total value of $1,057,485.00. Following the completion of the sale, the director now directly owns 2,809,253 shares of the company's stock, valued at $15,450,891.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 903,591 shares of company stock worth $5,195,582 over the last ninety days. Company insiders own 12.03% of the company's stock.

Institutional Investors Weigh In On QuantumScape

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in QuantumScape by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 30,484,915 shares of the company's stock valued at $191,750,000 after purchasing an additional 656,646 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of QuantumScape by 1.4% during the first quarter. Janus Henderson Group PLC now owns 1,825,270 shares of the company's stock valued at $11,482,000 after acquiring an additional 25,347 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of 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 in the last quarter. Swiss National Bank grew its stake in shares of QuantumScape by 9.3% during the first quarter. Swiss National Bank now owns 678,800 shares of the company's stock valued at $4,270,000 after acquiring an additional 58,000 shares in the last quarter. Finally, Private Advisory Group LLC grew its stake in shares of QuantumScape by 7.2% during the second quarter. Private Advisory Group LLC now owns 570,704 shares of the company's stock valued at $2,808,000 after acquiring an additional 38,477 shares in the last quarter. 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.