QuantumScape (NYSE:QS) Stock Price Up 0.4% - Still a Buy?

QuantumScape Co. (NYSE:QS - Get Free Report) shares rose 0.4% on Monday . The company traded as high as $5.19 and last traded at $5.04. Approximately 4,468,789 shares traded hands during trading, a decline of 52% from the average daily volume of 9,406,126 shares. The stock had previously closed at $5.02.

Wall Street Analyst Weigh In

QS has been the subject of several analyst reports. Truist Financial reissued a "hold" rating and issued a $7.00 price target (up previously from $6.00) on shares of QuantumScape in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $6.00 target price on shares of QuantumScape in a research report on Tuesday, September 10th. HSBC raised QuantumScape from a "reduce" rating to a "hold" rating and set a $5.30 price objective for the company in a research note on Tuesday, November 19th. Wolfe Research initiated coverage on QuantumScape in a research note on Thursday, September 5th. They set an "underperform" rating on the stock. Finally, Hsbc Global Res upgraded shares of QuantumScape to a "hold" rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $6.26.

QuantumScape Stock Performance

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 market cap of $2.64 billion, a PE ratio of -5.42 and a beta of 4.50. The stock's 50-day simple moving average is $5.17 and its 200 day simple moving average is $5.64.

QuantumScape (NYSE:QS - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.23) earnings per share for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.02). During the same quarter last year, the firm posted ($0.23) earnings per share. As a group, equities analysts anticipate that QuantumScape Co. will post -0.99 EPS for the current year.

Insider Activity at QuantumScape

In other news, CFO Kevin Hettrich sold 29,667 shares of the company's stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $5.10, for a total value of $151,301.70. Following the completion of the transaction, the chief financial officer now directly owns 1,024,325 shares in the company, valued at approximately $5,224,057.50. This represents 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 this link. Also, Director Jagdeep Singh sold 308,097 shares of QuantumScape stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $5.30, for a total value of $1,632,914.10. Following the sale, the director now directly owns 2,563,767 shares in the company, valued at approximately $13,587,965.10. The trade was a 10.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 666,032 shares of company stock worth $3,549,682. 12.03% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in QS. Canada Pension Plan Investment Board acquired a new position in QuantumScape in the second quarter valued at approximately $1,950,000. American Century Companies Inc. grew its stake in QuantumScape by 880.6% during the 2nd quarter. American Century Companies Inc. now owns 352,286 shares of the company's stock worth $1,733,000 after buying an additional 316,361 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of QuantumScape by 3.9% during the third quarter. Geode Capital Management LLC now owns 5,853,958 shares of the company's stock valued at $33,671,000 after acquiring an additional 218,743 shares during the period. Weiss Asset Management LP bought a new position in shares of QuantumScape during the third quarter worth about $828,000. Finally, Nisa Investment Advisors LLC increased its holdings in shares of QuantumScape by 6,650.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 135,000 shares of the company's stock worth $776,000 after acquiring an additional 133,000 shares during the period. 29.87% of the stock is currently owned by institutional investors.

About QuantumScape

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.