QuantumScape Co. (NYSE:QS - Get Free Report) shot up 1.1% on Thursday . The company traded as high as $6.45 and last traded at $6.29. 2,627,415 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 10,125,095 shares. The stock had previously closed at $6.22.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. William Blair began coverage on QuantumScape in a research note on Monday, December 18th. They set a "market perform" rating for the company. Truist Financial raised their target price on QuantumScape from $7.00 to $8.00 and gave the company a "hold" rating in a report on Friday, February 16th. Robert W. Baird upped their target price on QuantumScape from $5.00 to $8.00 and gave the company a "neutral" rating in a research note on Thursday, February 15th. Finally, HSBC started coverage on QuantumScape in a research note on Monday, December 4th. They issued a "reduce" rating and a $4.70 price objective on the stock. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, QuantumScape currently has a consensus rating of "Hold" and an average target price of $6.71.
Read Our Latest Report on QuantumScape
QuantumScape Stock Up 1.1 %
The company has a quick ratio of 18.98, a current ratio of 18.98 and a debt-to-equity ratio of 0.03. The firm has a 50 day simple moving average of $6.50 and a 200-day simple moving average of $6.54. The stock has a market cap of $3.12 billion, a P/E ratio of -6.55 and a beta of 4.80.
QuantumScape (NYSE:QS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 14th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.04). During the same quarter in the prior year, the company earned ($0.25) EPS. On average, equities research analysts forecast that QuantumScape Co. will post -0.87 earnings per share for the current fiscal year.
Insider Transactions at QuantumScape
In related news, Director Jeffrey B. Straubel sold 69,309 shares of QuantumScape stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $6.75, for a total transaction of $467,835.75. Following the sale, the director now directly owns 292,644 shares of the company's stock, valued at approximately $1,975,347. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other QuantumScape news, Director Jeffrey B. Straubel sold 69,309 shares of the business's stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $6.75, for a total value of $467,835.75. Following the completion of the transaction, the director now owns 292,644 shares of the company's stock, valued at approximately $1,975,347. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Mohit Singh sold 174,000 shares of the business's stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $8.58, for a total value of $1,492,920.00. Following the completion of the sale, the insider now owns 642,481 shares of the company's stock, valued at approximately $5,512,486.98. The disclosure for this sale can be found here. In the last 90 days, insiders sold 478,279 shares of company stock valued at $3,584,735. Company insiders own 10.18% of the company's stock.
Hedge Funds Weigh In On QuantumScape
A number of institutional investors and hedge funds have recently modified their holdings of QS. Clear Street Markets LLC bought a new stake in QuantumScape in the 4th quarter valued at $32,000. Tower Research Capital LLC TRC grew its position in shares of QuantumScape by 49.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,142 shares of the company's stock worth $34,000 after buying an additional 1,704 shares in the last quarter. Spire Wealth Management increased its position in QuantumScape by 39.0% during the 4th quarter. Spire Wealth Management now owns 5,350 shares of the company's stock valued at $35,000 after purchasing an additional 1,500 shares during the period. C M Bidwell & Associates Ltd. bought a new position in shares of QuantumScape in the 2nd quarter worth $39,000. Finally, Level Financial Advisors Inc. bought a new position in QuantumScape in the third quarter worth about $42,000. 29.87% of the stock is currently owned by hedge funds and other institutional investors.
QuantumScape Company Profile
(
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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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