QuantumScape Co. (NYSE:QS - Get Free Report) shares rose 8.4% during trading on Thursday . The stock traded as high as $5.36 and last traded at $5.24. Approximately 12,741,313 shares changed hands during mid-day trading, a decline of 17% from the average daily volume of 15,329,132 shares. The stock had previously closed at $4.83.
Analyst Ratings Changes
A number of research analysts have weighed in on the company. Truist Financial lowered their target price on QuantumScape from $7.00 to $6.00 and set a "hold" rating on the stock in a report on Friday. Hsbc Global Res upgraded shares of QuantumScape to a "hold" rating in a research note on Tuesday, November 19th. Finally, 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 research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $5.58.
View Our Latest Report on QuantumScape
QuantumScape Trading Up 1.6 %
The stock has a fifty day simple moving average of $5.27 and a 200 day simple moving average of $5.42. The firm has a market capitalization of $2.69 billion, a P/E ratio of -5.53 and a beta of 4.45. The company has a quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.03.
QuantumScape (NYSE:QS - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.01). As a group, research analysts forecast that QuantumScape Co. will post -0.99 EPS for the current year.
Insider Transactions at QuantumScape
In related news, Director Fritz Prinz sold 12,908 shares of QuantumScape stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $5.04, for a total value of $65,056.32. Following the completion of the transaction, the director now owns 241,195 shares in the company, valued at approximately $1,215,622.80. This trade represents a 5.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mohit Singh sold 97,305 shares of the business's stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $6.24, for a total value of $607,183.20. Following the sale, the insider now directly owns 1,092,020 shares in the company, valued at $6,814,204.80. The trade was a 8.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 567,878 shares of company stock valued at $3,062,871. 12.03% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On QuantumScape
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Signaturefd LLC boosted its stake in shares of QuantumScape by 79.9% during the 3rd quarter. Signaturefd LLC now owns 4,838 shares of the company's stock worth $28,000 after purchasing an additional 2,148 shares during the period. Heck Capital Advisors LLC bought a new stake in QuantumScape in the fourth quarter worth about $26,000. International Assets Investment Management LLC grew its stake 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 buying an additional 4,228 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of QuantumScape by 208.8% in the fourth quarter. Blue Trust Inc. now owns 6,738 shares of the company's stock worth $39,000 after buying an additional 4,556 shares during the period. Finally, Empowered Funds LLC bought a new stake in shares of QuantumScape during the 4th quarter worth approximately $53,000. Hedge funds and other institutional investors own 29.87% of the company's stock.
About QuantumScape
(
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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