QuantumScape Co. (NYSE:QS - Get Free Report)'s share price rose 2.6% during trading on Friday . The company traded as high as $5.50 and last traded at $5.40. Approximately 3,851,857 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 19,581,479 shares. The stock had previously closed at $5.26.
Analyst Ratings Changes
Several brokerages have issued reports on QS. Truist Financial reissued 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 for the company in a research note on Tuesday, November 19th. Finally, Hsbc Global Res raised QuantumScape to a "hold" rating in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, QuantumScape currently has a consensus rating of "Hold" and a consensus price target of $6.26.
Check Out Our Latest Report on QS
QuantumScape Stock Performance
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 firm's fifty day moving average price is $5.24 and its 200 day moving average price is $5.69. The firm has a market capitalization of $2.67 billion, a PE ratio of -5.48 and a beta of 4.46.
QuantumScape (NYSE:QS - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.02). During the same period in the prior year, the business earned ($0.23) earnings per share. On average, research analysts anticipate that QuantumScape Co. will post -0.99 earnings per share for the current year.
Insider Activity at QuantumScape
In related news, Director Fritz Prinz sold 12,908 shares of the company's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $5.04, for a total value of $65,056.32. Following the completion of the sale, the director now directly owns 241,195 shares in the company, valued at approximately $1,215,622.80. This represents a 5.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jagdeep Singh sold 5,531 shares of the firm's stock in a transaction dated 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 approximately $12,978,820.83. This trade represents a 0.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 536,460 shares of company stock valued at $2,903,619. 12.03% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On QuantumScape
A number of large investors have recently added to or reduced their stakes in QS. Signaturefd LLC lifted its stake in shares of QuantumScape by 79.9% in the third quarter. Signaturefd LLC now owns 4,838 shares of the company's stock worth $28,000 after buying an additional 2,148 shares during the last quarter. International Assets Investment Management LLC raised its holdings in QuantumScape by 475.1% in the 3rd quarter. International Assets Investment Management LLC now owns 5,118 shares of the company's stock worth $29,000 after acquiring an additional 4,228 shares during the period. Centaurus Financial Inc. acquired a new position in QuantumScape during the 2nd quarter worth $52,000. Atom Investors LP bought a new stake in QuantumScape during the third quarter valued at about $60,000. Finally, Nwam LLC acquired a new stake in shares of QuantumScape in the third quarter valued at about $64,000. Institutional investors own 29.87% of the company's stock.
QuantumScape Company Profile
(
Get Free Report)
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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