QuantumScape (NYSE:QS) Trading 5% Higher - What's Next?

QuantumScape Co. (NYSE:QS - Get Free Report)'s stock price shot up 5% on Tuesday . The company traded as high as $5.35 and last traded at $5.22. 9,371,680 shares changed hands during trading, an increase of 3% from the average session volume of 9,135,107 shares. The stock had previously closed at $4.97.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on QS shares. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $6.00 price target on shares of QuantumScape in a research note on Tuesday, September 10th. Hsbc Global Res raised QuantumScape to a "hold" rating in a report on Tuesday, November 19th. Truist Financial reaffirmed a "hold" rating and set a $7.00 price target (up previously from $6.00) on shares of QuantumScape in a research note on Friday, October 25th. HSBC raised shares of QuantumScape from a "reduce" rating to a "hold" rating and set a $5.30 price objective on the stock in a research note on Tuesday, November 19th. Finally, Wolfe Research initiated coverage on shares of QuantumScape in a research report on Thursday, September 5th. They set an "underperform" rating for the company. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $6.26.

QuantumScape Trading Up 6.8 %

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's 50 day moving average is $5.20 and its two-hundred day moving average is $5.66. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of -5.59 and a beta of 4.50.

QuantumScape (NYSE:QS - Get Free Report) last released its quarterly earnings data 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 period last year, the business earned ($0.23) EPS. Equities analysts anticipate that QuantumScape Co. will post -0.99 EPS for the current year.

Insider Buying and Selling at QuantumScape

In other news, Director Jagdeep Singh sold 308,097 shares of the firm's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $5.30, for a total transaction of $1,632,914.10. Following the transaction, the director now owns 2,563,767 shares in the company, valued at approximately $13,587,965.10. This trade represents a 10.73 % decrease in their position. 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 the company's 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 sale, the director now owns 241,195 shares of the company's stock, valued at approximately $1,215,622.80. This trade represents a 5.08 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 666,032 shares of company stock valued at $3,549,682. Corporate insiders own 12.03% of the company's stock.

Hedge Funds Weigh In On QuantumScape

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC grew its holdings in shares of QuantumScape by 6,650.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 135,000 shares of the company's stock worth $776,000 after purchasing an additional 133,000 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in QuantumScape during the second quarter worth $1,950,000. Weiss Asset Management LP bought a new stake in QuantumScape in the 3rd quarter valued at $828,000. Sanctuary Advisors LLC acquired a new position in shares of QuantumScape in the 2nd quarter valued at $680,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of QuantumScape during the 2nd quarter worth about $644,000. Institutional investors 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.