QuantumScape (NYSE:QS) Trading Up 2.3% - Should You Buy?

QuantumScape Co. (NYSE:QS - Get Free Report) rose 2.3% during trading on Wednesday . The company traded as high as $5.17 and last traded at $4.95. Approximately 6,847,514 shares traded hands during mid-day trading, a decline of 22% from the average daily volume of 8,802,797 shares. The stock had previously closed at $4.84.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on QS shares. Wolfe Research assumed coverage on QuantumScape in a research note on Thursday, September 5th. They set an "underperform" rating on the stock. Truist Financial reiterated a "hold" rating and set a $7.00 price objective (up previously from $6.00) on shares of QuantumScape in a research note on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $6.00 price target on shares of QuantumScape in a report on Tuesday, September 10th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, QuantumScape currently has an average rating of "Hold" and a consensus target price of $6.14.

QuantumScape Trading Up 0.4 %

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 stock has a fifty day moving average price of $5.52 and a 200-day moving average price of $5.78.

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 analysts' consensus estimates of ($0.21) by ($0.02). During the same quarter in the prior year, the business earned ($0.23) earnings per share. Equities analysts predict that QuantumScape Co. will post -0.97 earnings per share for the current year.

Insider Transactions at QuantumScape

In other QuantumScape news, Director Jagdeep Singh sold 192,270 shares of QuantumScape stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $5.99, for a total transaction of $1,151,697.30. Following the completion of the sale, the director now owns 2,590,583 shares of the company's stock, valued at $15,517,592.17. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Fritz Prinz sold 12,908 shares of the business's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $5.96, for a total transaction of $76,931.68. Following the transaction, the director now owns 254,103 shares in the company, valued at approximately $1,514,453.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jagdeep Singh sold 192,270 shares of the company's stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $5.99, for a total value of $1,151,697.30. Following the completion of the transaction, the director now owns 2,590,583 shares of the company's stock, valued at $15,517,592.17. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 711,321 shares of company stock valued at $4,138,097 in the last three months. 12.03% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its holdings in QuantumScape by 79.9% during the 3rd 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 last quarter. International Assets Investment Management LLC increased its position in QuantumScape by 475.1% during the 3rd quarter. International Assets Investment Management LLC now owns 5,118 shares of the company's stock worth $29,000 after purchasing an additional 4,228 shares in the last quarter. CWM LLC boosted its position in QuantumScape by 56.0% in the second quarter. CWM LLC now owns 7,124 shares of the company's stock valued at $35,000 after buying an additional 2,556 shares in the last quarter. Mather Group LLC. bought a new stake in QuantumScape during the 2nd quarter worth $36,000. Finally, Alaska Wealth Advisors acquired a new position in shares of QuantumScape in the second quarter valued at approximately $49,000. Institutional investors and hedge funds 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.

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