QuantumScape (NYSE:QS) Trading 4.3% Higher - Still a Buy?

Shares of QuantumScape Co. (NYSE:QS - Get Free Report) shot up 4.3% on Friday . The company traded as high as $5.57 and last traded at $5.43. 5,339,938 shares were traded during trading, a decline of 66% from the average session volume of 15,790,875 shares. The stock had previously closed at $5.20.

Analyst Ratings Changes

A number of research firms have issued reports on QS. Hsbc Global Res upgraded QuantumScape to a "hold" rating in a report on Tuesday, November 19th. Truist Financial reiterated a "hold" rating and issued a $7.00 target price (up previously from $6.00) on shares of QuantumScape in a research note on Friday, October 25th. Finally, HSBC raised 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. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat.com, QuantumScape has a consensus rating of "Hold" and an average target price of $6.26.

QuantumScape Price Performance

The firm has a market cap of $2.58 billion, a P/E ratio of -5.29 and a beta of 4.45. The firm's fifty day simple moving average is $5.28 and its 200 day simple moving average is $5.54. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07.

Insider Buying and Selling

In other QuantumScape news, Director Fritz Prinz sold 12,908 shares of QuantumScape stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $5.04, for a total value of $65,056.32. Following the transaction, the director now owns 241,195 shares in the company, valued at $1,215,622.80. The trade was a 5.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevin Hettrich sold 36,949 shares of the business's stock in a transaction on Monday, January 27th. The stock was sold at an average price of $5.06, for a total value of $186,961.94. Following the transaction, the chief financial officer now owns 1,024,325 shares in the company, valued at approximately $5,183,084.50. This trade represents a 3.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 573,409 shares of company stock worth $3,090,581 over the last three months. 12.03% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QS. SVB Wealth LLC acquired a new stake in shares of QuantumScape in the fourth quarter valued at approximately $67,000. Towerview LLC boosted its position in shares of QuantumScape by 11.1% during the 4th quarter. Towerview LLC now owns 100,000 shares of the company's stock valued at $519,000 after acquiring an additional 10,000 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of QuantumScape in the fourth quarter valued at about $1,275,000. Birchcreek Wealth Management LLC raised its position in shares of QuantumScape by 13.6% during the 4th quarter. Birchcreek Wealth Management LLC now owns 22,583 shares of the company's stock valued at $117,000 after buying an additional 2,700 shares during the period. Finally, Handelsbanken Fonder AB lifted its position in QuantumScape by 2.0% in the fourth quarter. Handelsbanken Fonder AB now owns 114,700 shares of the company's stock valued at $595,000 after buying an additional 2,300 shares during the last quarter. Hedge funds and other institutional investors own 29.87% of the company's stock.

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.