QuantumScape Co. (NYSE:QS - Get Free Report)'s stock price traded up 2.1% during mid-day trading on Friday . The stock traded as high as $5.31 and last traded at $5.29. 3,001,009 shares changed hands during trading, a decline of 66% from the average session volume of 8,864,636 shares. The stock had previously closed at $5.18.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the stock. HSBC upgraded QuantumScape from a "reduce" rating to a "hold" rating and set a $5.30 price objective on the stock in a research report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $6.00 target price on shares of QuantumScape in a report on Tuesday, September 10th. Hsbc Global Res raised QuantumScape to a "hold" rating in a report on Tuesday, November 19th. Wolfe Research initiated coverage on shares of QuantumScape in a research note on Thursday, September 5th. They set an "underperform" rating on the stock. Finally, Truist Financial reiterated a "hold" rating and issued a $7.00 price target (up from $6.00) on shares of QuantumScape in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $6.26.
Read Our Latest Stock Report on QuantumScape
QuantumScape Stock 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 firm has a 50 day moving average price of $5.35 and a 200-day moving average price of $5.73. The stock has a market capitalization of $2.69 billion, a PE ratio of -5.52 and a beta of 4.60.
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 period in the prior year, the firm earned ($0.23) EPS. Research analysts expect that QuantumScape Co. will post -0.99 EPS for the current fiscal year.
Insider Buying and Selling at QuantumScape
In other QuantumScape news, insider Michael O. Mccarthy III sold 106,084 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $5.90, for a total transaction of $625,895.60. Following the sale, the insider now owns 1,181,884 shares of the company's stock, valued at approximately $6,973,115.60. This trade represents a 8.24 % 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 link. Also, Director Fritz Prinz sold 12,908 shares of QuantumScape stock in a transaction on Thursday, November 21st. The stock was 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 in the company, valued at $1,215,622.80. This represents a 5.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 702,057 shares of company stock valued at $3,982,909 over the last quarter. 12.03% of the stock is owned by company insiders.
Institutional Investors Weigh In On QuantumScape
Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of QuantumScape by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 30,484,915 shares of the company's stock worth $191,750,000 after buying an additional 656,646 shares in the last quarter. Janus Henderson Group PLC grew its position in QuantumScape by 1.4% in the first quarter. Janus Henderson Group PLC now owns 1,825,270 shares of the company's stock valued at $11,482,000 after acquiring an additional 25,347 shares in the last quarter. California State Teachers Retirement System increased its stake in QuantumScape by 2.3% during the 1st quarter. California State Teachers Retirement System now owns 344,306 shares of the company's stock worth $2,166,000 after buying an additional 7,585 shares during the period. Tidal Investments LLC lifted its stake in shares of QuantumScape by 202.0% in the first quarter. Tidal Investments LLC now owns 137,755 shares of the company's stock worth $866,000 after acquiring an additional 92,142 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of QuantumScape during the 1st quarter valued at approximately $1,002,000. Institutional investors and hedge funds own 29.87% of the company's stock.
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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