QuantumScape Co. (NYSE:QS - Get Free Report)'s share price fell 0.9% on Tuesday . The stock traded as low as $6.30 and last traded at $6.52. 11,835,812 shares changed hands during trading, a decline of 47% from the average session volume of 22,245,848 shares. The stock had previously closed at $6.58.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the stock. HSBC upgraded shares of QuantumScape from a "reduce" rating to a "hold" rating and set a $5.30 target price on the stock in a research report on Tuesday, November 19th. Truist Financial reiterated a "hold" rating and set a $7.00 price objective (up previously from $6.00) on shares of QuantumScape in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $6.00 price objective on shares of QuantumScape in a report on Tuesday, September 10th. Finally, Hsbc Global Res upgraded QuantumScape to a "hold" rating in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $6.26.
View Our Latest Stock Report on QuantumScape
QuantumScape Price Performance
The company has a quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.03. The business has a 50-day simple moving average of $5.18 and a two-hundred day simple moving average of $5.67. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of -6.62 and a beta of 4.46.
QuantumScape (NYSE:QS - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.02). During the same quarter last year, the firm posted ($0.23) EPS. As a group, research analysts predict that QuantumScape Co. will post -0.99 earnings per share for the current fiscal year.
Insider Transactions at QuantumScape
In other QuantumScape news, insider Michael O. Mccarthy III sold 27,305 shares of the business's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $5.07, for a total value of $138,436.35. Following the transaction, the insider now owns 1,129,167 shares of the company's stock, valued at approximately $5,724,876.69. The trade was a 2.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 sale, the insider now directly owns 1,092,020 shares in the company, valued at $6,814,204.80. This trade represents a 8.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 571,067 shares of company stock worth $3,093,612. Company insiders own 12.03% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of QS. Signaturefd LLC boosted its holdings in shares of QuantumScape by 79.9% in 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. International Assets Investment Management LLC lifted its position in QuantumScape by 475.1% in the 3rd quarter. International Assets Investment Management LLC now owns 5,118 shares of the company's stock valued at $29,000 after acquiring an additional 4,228 shares in the last quarter. Centaurus Financial Inc. acquired a new position in QuantumScape in the 2nd quarter worth $52,000. Atom Investors LP bought a new position in QuantumScape during the 3rd quarter worth about $60,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of QuantumScape in the 2nd quarter valued at about $61,000. Institutional investors own 29.87% of the company's stock.
QuantumScape Company Profile
(
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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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