QuantumScape Co. (NYSE:QS - Get Free Report) saw unusually large options trading on Wednesday. Stock traders bought 38,159 call options on the stock. This represents an increase of 56% compared to the average volume of 24,445 call options.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $6.00 price objective on shares of QuantumScape in a research note on Tuesday, September 10th. Wolfe Research assumed coverage on QuantumScape in a research note on Thursday, September 5th. They issued an "underperform" rating for the company. Truist Financial reaffirmed a "hold" rating and set 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 shares of QuantumScape from a "reduce" rating to a "hold" rating and set a $5.30 price target on the stock in a research note on Tuesday. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $6.26.
Check Out Our Latest Stock Report on QuantumScape
QuantumScape Trading Up 2.4 %
QS stock traded up $0.12 during trading on Wednesday, reaching $5.07. 9,657,648 shares of the stock were exchanged, compared to its average volume of 8,862,563. The business has a 50 day moving average price of $5.44 and a 200-day moving average price of $5.75. QuantumScape has a 1 year low of $4.65 and a 1 year high of $10.03. The company has a current ratio of 14.07, a quick ratio of 14.07 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of -5.34 and a beta of 4.60.
QuantumScape (NYSE:QS - Get Free Report) last released its quarterly earnings results 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 firm posted ($0.23) earnings per share. On average, research analysts predict that QuantumScape will post -0.97 earnings per share for the current year.
Insiders Place Their Bets
In other QuantumScape news, insider Michael O. Mccarthy III sold 106,084 shares of the firm's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $5.90, for a total value of $625,895.60. Following the completion of the transaction, 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 filing with the SEC, which is accessible through the SEC website. Also, Director Jagdeep Singh sold 5,531 shares of QuantumScape stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $5.01, for a total value of $27,710.31. Following the sale, the director now directly owns 2,590,583 shares of the company's stock, valued at approximately $12,978,820.83. This represents a 0.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 606,197 shares of company stock worth $3,498,399 in the last ninety days. 12.03% of the stock is owned by company insiders.
Institutional Investors Weigh In On QuantumScape
A number of institutional investors and hedge funds have recently made changes to their positions in QS. Signaturefd LLC boosted its stake in shares of QuantumScape by 79.9% in the third 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 period. International Assets Investment Management LLC boosted its stake in QuantumScape by 475.1% in the third quarter. International Assets Investment Management LLC now owns 5,118 shares of the company's stock valued at $29,000 after acquiring an additional 4,228 shares in the last quarter. CWM LLC increased its position in QuantumScape by 56.0% during the second quarter. CWM LLC now owns 7,124 shares of the company's stock worth $35,000 after buying an additional 2,556 shares during the period. Mather Group LLC. acquired a new stake in QuantumScape during the 2nd quarter worth $36,000. Finally, Alaska Wealth Advisors acquired a new position in QuantumScape in the 2nd quarter valued at about $49,000. 29.87% of the stock is owned by hedge funds and other institutional investors.
About QuantumScape
(
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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