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QuantumScape (NYSE:QS) Trading Up 0.6% - Should You Buy?

QuantumScape logo with Auto/Tires/Trucks background

Shares of QuantumScape Co. (NYSE:QS - Get Free Report) shot up 0.6% during mid-day trading on Thursday . The company traded as high as $5.00 and last traded at $4.91. 2,867,992 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 8,819,025 shares. The stock had previously closed at $4.88.

Analyst Ratings Changes

QS has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $6.00 target price on shares of QuantumScape in a research report on Tuesday, September 10th. Wolfe Research started coverage on QuantumScape in a report on Thursday, September 5th. They issued an "underperform" rating for the company. Finally, Truist Financial restated a "hold" rating and set a $7.00 target price (up previously from $6.00) on shares of QuantumScape in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $6.14.

View Our Latest Stock Analysis on QS

QuantumScape Stock Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07. The company has a market cap of $2.58 billion, a price-to-earnings ratio of -5.17 and a beta of 4.60. The stock has a 50-day moving average price of $5.51 and a 200 day moving average price of $5.77.

QuantumScape (NYSE:QS - Get Free Report) last announced its 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 period in the previous year, the business posted ($0.23) EPS. As a group, analysts anticipate that QuantumScape Co. will post -0.97 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Kevin Hettrich sold 34,607 shares of QuantumScape stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $5.49, for a total value of $189,992.43. Following the sale, the chief financial officer now owns 1,073,022 shares of the company's stock, valued at approximately $5,890,890.78. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other QuantumScape news, CFO Kevin Hettrich sold 34,607 shares of the business's stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $5.49, for a total transaction of $189,992.43. Following the sale, the chief financial officer now directly owns 1,073,022 shares of the company's stock, valued at $5,890,890.78. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael O. Mccarthy III sold 50,575 shares of the firm's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $5.99, for a total value of $302,944.25. Following the completion of the transaction, the insider now owns 1,184,745 shares of the company's stock, valued at $7,096,622.55. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 711,321 shares of company stock valued at $4,138,097. Company insiders own 12.03% of the company's stock.

Institutional Trading of QuantumScape

Several institutional investors and hedge funds have recently added to or reduced their stakes in QS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of QuantumScape by 8.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,180,002 shares of the company's stock worth $6,785,000 after buying an additional 94,103 shares during the period. FMR LLC lifted its position in QuantumScape by 74.9% during the third quarter. FMR LLC now owns 14,070 shares of the company's stock worth $81,000 after acquiring an additional 6,026 shares during the last quarter. Nwam LLC bought a new stake in shares of QuantumScape during the third quarter worth approximately $64,000. Charles Schwab Investment Management Inc. grew its position in shares of QuantumScape by 4.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,227,072 shares of the company's stock valued at $12,806,000 after purchasing an additional 93,826 shares during the last quarter. Finally, Moors & Cabot Inc. bought a new position in shares of QuantumScape during the third quarter worth approximately $80,000. 29.87% of the stock is owned by institutional investors.

QuantumScape Company Profile

(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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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