QuantumScape Co. (NYSE:QS - Get Free Report)'s share price shot up 8.4% during trading on Thursday . The company traded as high as $5.36 and last traded at $5.24. 12,741,313 shares traded hands during trading, a decline of 17% from the average session volume of 15,329,132 shares. The stock had previously closed at $4.83.
Wall Street Analyst Weigh In
QS has been the topic of a number of recent research reports. Hsbc Global Res raised QuantumScape to a "hold" rating in a report on Tuesday, November 19th. Truist Financial lowered their price objective on shares of QuantumScape from $7.00 to $6.00 and set a "hold" rating on the stock in a research note on Friday. HSBC raised shares of QuantumScape from a "reduce" rating to a "hold" rating and set a $5.30 price objective on the stock in a report on Tuesday, November 19th. Finally, Evercore ISI reduced their target price on shares of QuantumScape from $10.00 to $8.00 and set an "outperform" rating for the company in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, QuantumScape currently has an average rating of "Hold" and an average target price of $6.06.
Get Our Latest Stock Analysis on QS
QuantumScape Stock Up 5.4 %
The company has a market capitalization of $2.83 billion, a PE ratio of -5.81 and a beta of 4.45. The company's fifty day moving average is $5.28 and its 200-day moving average is $5.41. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07.
QuantumScape (NYSE:QS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.01). As a group, analysts predict that QuantumScape Co. will post -0.99 EPS for the current fiscal year.
Insider Buying and Selling at QuantumScape
In other QuantumScape news, insider Mohit Singh sold 97,305 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 1,092,020 shares of the company's stock, valued at $6,814,204.80. This trade represents a 8.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jagdeep Singh sold 308,097 shares of QuantumScape stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $5.30, for a total transaction of $1,632,914.10. Following the sale, the director now owns 2,563,767 shares in the company, valued at approximately $13,587,965.10. The trade was a 10.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 567,878 shares of company stock valued at $3,062,871 over the last ninety days. 12.03% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Tidal Investments LLC boosted its stake in QuantumScape by 13.0% during the fourth quarter. Tidal Investments LLC now owns 138,089 shares of the company's stock valued at $717,000 after buying an additional 15,865 shares during the last quarter. Shay Capital LLC purchased a new stake in shares of QuantumScape during the 4th quarter worth approximately $123,000. Raiffeisen Bank International AG bought a new position in shares of QuantumScape during the 4th quarter valued at approximately $29,000. Man Group plc purchased a new position in shares of QuantumScape in the fourth quarter valued at $252,000. Finally, Numerai GP LLC increased its position in QuantumScape by 518.8% in the fourth quarter. Numerai GP LLC now owns 118,352 shares of the company's stock worth $614,000 after purchasing an additional 99,226 shares during the last quarter. Hedge funds and other institutional investors own 29.87% of the company's stock.
About QuantumScape
(
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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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