QuantumScape (NYSE:QS) Stock Price Down 4.2% - Should You Sell?

Shares of QuantumScape Co. (NYSE:QS - Get Free Report) traded down 4.2% during mid-day trading on Friday . The stock traded as low as $5.43 and last traded at $5.48. 5,765,409 shares were traded during trading, a decline of 74% from the average session volume of 21,944,346 shares. The stock had previously closed at $5.72.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on QS shares. Hsbc Global Res upgraded QuantumScape to a "hold" rating in a report on Tuesday, November 19th. Truist Financial reaffirmed a "hold" rating and issued a $7.00 price objective (up from $6.00) on shares of QuantumScape in a report on Friday, October 25th. Finally, HSBC raised QuantumScape from a "reduce" rating to a "hold" rating and set a $5.30 target price for the company in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $6.26.

QuantumScape Price Performance

The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of -5.91 and a beta of 4.46. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07. The company has a fifty day simple moving average of $5.23 and a two-hundred day simple moving average of $5.68.

QuantumScape (NYSE:QS - Get Free Report) last posted its quarterly earnings data 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 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 QuantumScape news, Director Fritz Prinz sold 12,908 shares of the business's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $5.04, for a total transaction of $65,056.32. Following the sale, the director now owns 241,195 shares of the company's stock, valued at approximately $1,215,622.80. The trade was a 5.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mohit Singh sold 97,305 shares of the stock in a transaction on Friday, December 27th. The shares were sold at an average price of $6.24, for a total value of $607,183.20. Following the completion of the transaction, the insider now owns 1,092,020 shares of the company's stock, 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. In the last 90 days, insiders have sold 536,460 shares of company stock worth $2,903,619. Corporate insiders own 12.03% of the company's stock.

Institutional Investors Weigh In On QuantumScape

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Signaturefd LLC increased its holdings in 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 purchasing an additional 2,148 shares during the period. International Assets Investment Management LLC increased its stake in shares of QuantumScape by 475.1% in 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 period. Centaurus Financial Inc. bought a new position in shares of QuantumScape during the second quarter worth about $52,000. Atom Investors LP acquired a new position in shares of QuantumScape in the third quarter worth approximately $60,000. Finally, Nwam LLC bought a new stake in QuantumScape in the third quarter valued at approximately $64,000. Institutional investors own 29.87% of the company's stock.

QuantumScape Company Profile

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.