QuantumScape Co. (NYSE:QS - Get Free Report)'s share price traded down 2.9% during mid-day trading on Friday . The stock traded as low as $5.77 and last traded at $5.96. 18,743,122 shares were traded during trading, an increase of 96% from the average session volume of 9,572,858 shares. The stock had previously closed at $6.14.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on QS shares. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $6.00 target price on shares of QuantumScape in a research note on Tuesday, September 10th. 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 note on Tuesday, November 19th. Wolfe Research started coverage on shares of QuantumScape in a research note on Thursday, September 5th. They set an "underperform" rating for the company. Truist Financial reaffirmed a "hold" rating and issued a $7.00 price target (up previously from $6.00) on shares of QuantumScape in a report on Friday, October 25th. Finally, Hsbc Global Res raised QuantumScape to a "hold" rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $6.26.
Read Our Latest Research Report on QS
QuantumScape Trading Down 3.1 %
The firm's 50-day moving average price is $5.18 and its 200-day moving average price is $5.64. The company has a market cap of $3.05 billion, a P/E ratio of -6.26 and a beta of 4.50. 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, October 23rd. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.02). During the same quarter last year, the company earned ($0.23) EPS. As a group, equities research analysts expect that QuantumScape Co. will post -0.99 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, CFO Kevin Hettrich sold 29,667 shares of the business's stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $5.10, for a total transaction of $151,301.70. Following the completion of the transaction, the chief financial officer now owns 1,024,325 shares of the company's stock, valued at approximately $5,224,057.50. The trade was a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jagdeep Singh sold 5,531 shares of the firm's stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $5.01, for a total transaction of $27,710.31. Following the completion of the sale, the director now directly owns 2,590,583 shares in the company, valued at $12,978,820.83. This 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 have sold 666,032 shares of company stock valued at $3,549,682. Corporate insiders own 12.03% of the company's stock.
Hedge Funds Weigh In On QuantumScape
A number of institutional investors have recently made changes to their positions in the stock. Signaturefd LLC raised its position in QuantumScape by 79.9% during the third quarter. Signaturefd LLC now owns 4,838 shares of the company's stock valued at $28,000 after purchasing an additional 2,148 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of QuantumScape by 475.1% during the 3rd 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 in the last quarter. Centaurus Financial Inc. purchased a new position in shares of QuantumScape during the 2nd quarter valued at about $52,000. Financial Advocates Investment Management bought a new stake in QuantumScape in the 2nd quarter worth approximately $58,000. Finally, Atom Investors LP purchased a new stake in QuantumScape in the third quarter worth approximately $60,000. 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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