QuantumScape (NYSE:QS) Stock Price Up 1%

QuantumScape Co. (NYSE:QS - Get Free Report) traded up 1% during mid-day trading on Wednesday . The company traded as high as $6.01 and last traded at $5.96. 1,355,724 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 9,919,203 shares. The stock had previously closed at $5.90.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Robert W. Baird boosted their price target on shares of QuantumScape from $5.00 to $8.00 and gave the stock a "neutral" rating in a research report on Thursday, February 15th. William Blair began coverage on shares of QuantumScape in a research report on Monday, December 18th. They set a "market perform" rating on the stock. Finally, Truist Financial boosted their target price on shares of QuantumScape from $7.00 to $8.00 and gave the company a "hold" rating in a research report on Friday, February 16th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $6.71.

QuantumScape Stock Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 18.98 and a quick ratio of 18.98. The company's fifty day simple moving average is $6.45 and its two-hundred day simple moving average is $6.52. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of -6.21 and a beta of 4.76.

QuantumScape (NYSE:QS - Get Free Report) last released 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 period in the previous year, the business posted ($0.25) EPS. On average, analysts forecast that QuantumScape Co. will post -0.87 earnings per share for the current year.

Insider Transactions at QuantumScape

In other news, CFO Kevin Hettrich sold 34,607 shares of the company's stock in a transaction on Monday, March 11th. The shares were sold at an average price of $6.11, for a total value of $211,448.77. Following the completion of the sale, the chief financial officer now owns 556,302 shares in the company, valued at approximately $3,399,005.22. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Kevin Hettrich sold 34,607 shares of the company's stock in a transaction on Monday, March 11th. The shares were sold at an average price of $6.11, for a total value of $211,448.77. Following the completion of the sale, the chief financial officer now owns 556,302 shares in the company, valued at approximately $3,399,005.22. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey B. Straubel sold 69,309 shares of the company's stock in a transaction on Monday, February 5th. The stock was sold at an average price of $6.72, for a total transaction of $465,756.48. Following the completion of the sale, the director now owns 292,644 shares of the company's stock, valued at approximately $1,966,567.68. The disclosure for this sale can be found here. Insiders sold a total of 374,363 shares of company stock worth $2,891,608 in the last quarter. 10.18% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On QuantumScape

Several institutional investors have recently added to or reduced their stakes in the stock. HighPoint Advisor Group LLC bought a new position in QuantumScape during the fourth quarter valued at about $97,000. Vanguard Group Inc. grew its position in QuantumScape by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 29,828,269 shares of the company's stock valued at $207,306,000 after buying an additional 796,723 shares during the period. Clarity Capital Partners LLC bought a new position in QuantumScape during the fourth quarter valued at about $374,000. Price T Rowe Associates Inc. MD grew its position in QuantumScape by 20.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 271,824 shares of the company's stock valued at $1,890,000 after buying an additional 46,641 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in QuantumScape by 18.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 141,657 shares of the company's stock worth $985,000 after purchasing an additional 21,821 shares during the period. 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.