QuantumScape Co. (NYSE:QS - Get Free Report) was the target of some unusual options trading on Thursday. Investors bought 61,536 call options on the stock. This is an increase of approximately 46% compared to the typical volume of 42,032 call options.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on QS. HSBC upgraded QuantumScape from a "reduce" rating to a "hold" rating and set a $5.30 target price for the company in a report on Tuesday, November 19th. Truist Financial reduced their target price on QuantumScape from $7.00 to $6.00 and set a "hold" rating for the company in a report on Friday. Finally, Hsbc Global Res upgraded QuantumScape to a "hold" rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat.com, QuantumScape presently has a consensus rating of "Hold" and a consensus target price of $5.58.
Read Our Latest Analysis on QuantumScape
QuantumScape Price Performance
NYSE:QS traded up $0.09 during trading hours on Monday, reaching $5.26. The company had a trading volume of 15,380,043 shares, compared to its average volume of 12,386,714. The stock has a 50-day moving average of $5.27 and a two-hundred day moving average of $5.42. QuantumScape has a one year low of $4.65 and a one year high of $9.52. The firm has a market capitalization of $2.69 billion, a PE ratio of -5.53 and a beta of 4.45. The company has a quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.03.
QuantumScape (NYSE:QS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.01). Analysts forecast that QuantumScape will post -0.99 earnings per share for the current year.
Insider Activity at QuantumScape
In related news, insider Michael O. Mccarthy III sold 27,305 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $5.07, for a total value of $138,436.35. Following the completion of the sale, the insider now directly owns 1,129,167 shares in the company, valued at approximately $5,724,876.69. The trade was a 2.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Fritz Prinz sold 12,908 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $5.04, for a total value of $65,056.32. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 567,878 shares of company stock valued at $3,062,871. 12.03% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On QuantumScape
A number of large investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC lifted its holdings in QuantumScape by 6,650.0% in the third quarter. Nisa Investment Advisors LLC now owns 135,000 shares of the company's stock valued at $776,000 after buying an additional 133,000 shares during the period. Geode Capital Management LLC lifted its holdings in QuantumScape by 3.9% in the third quarter. Geode Capital Management LLC now owns 5,853,958 shares of the company's stock valued at $33,671,000 after buying an additional 218,743 shares during the period. Weiss Asset Management LP acquired a new position in QuantumScape in the third quarter valued at approximately $828,000. SG Americas Securities LLC increased its stake in QuantumScape by 127.0% in the fourth quarter. SG Americas Securities LLC now owns 204,630 shares of the company's stock valued at $1,062,000 after purchasing an additional 114,504 shares in the last quarter. Finally, Barclays PLC increased its stake in QuantumScape by 326.5% in the third quarter. Barclays PLC now owns 104,333 shares of the company's stock valued at $599,000 after purchasing an additional 79,871 shares in the last quarter. 29.87% of the stock is currently owned by institutional investors and hedge funds.
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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