QuantumScape (NYSE:QS) Trading 3.3% Higher

QuantumScape Co. (NYSE:QS - Get Free Report)'s share price was up 3.3% during mid-day trading on Monday . The company traded as high as $6.26 and last traded at $6.18. Approximately 1,492,874 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 9,693,180 shares. The stock had previously closed at $5.98.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on QS shares. William Blair started coverage on shares of QuantumScape in a research note on Monday, December 18th. They issued a "market perform" rating on the stock. Truist Financial raised their price objective on shares of QuantumScape from $7.00 to $8.00 and gave the stock a "hold" rating in a report on Friday, February 16th. Finally, Robert W. Baird raised their target price on shares of QuantumScape from $5.00 to $8.00 and gave the stock a "neutral" rating in a research note on Thursday, February 15th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $6.71.

QuantumScape Stock Performance

The business's fifty day moving average is $6.39 and its two-hundred day moving average is $6.50. 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 stock has a market capitalization of $3.05 billion, a PE ratio of -6.41 and a beta of 4.77.

QuantumScape (NYSE:QS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.04). During the same period in the prior year, the firm earned ($0.25) EPS. As a group, research analysts anticipate that QuantumScape Co. will post -0.87 EPS for the current fiscal year.

Insider Activity

In related news, Director Jeffrey B. Straubel sold 69,309 shares of QuantumScape stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $6.72, for a total value of $465,756.48. Following the completion of the sale, the director now directly owns 292,644 shares in the company, valued at $1,966,567.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Jeffrey B. Straubel sold 69,309 shares of QuantumScape stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $6.72, for a total value of $465,756.48. Following the completion of the sale, the director now directly owns 292,644 shares in the company, valued at $1,966,567.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael O. Mccarthy III sold 21,840 shares of QuantumScape stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $6.17, for a total value of $134,752.80. Following the completion of the sale, the insider now owns 731,629 shares of the company's stock, valued at $4,514,150.93. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 160,363 shares of company stock valued at $1,038,288. 10.18% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On QuantumScape

Large investors have recently added to or reduced their stakes in the company. Citigroup Inc. increased its holdings in shares of QuantumScape by 97.7% during the third quarter. Citigroup Inc. now owns 105,065 shares of the company's stock valued at $703,000 after acquiring an additional 51,934 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC increased its holdings in shares of QuantumScape by 34.5% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 11,160 shares of the company's stock valued at $77,000 after acquiring an additional 2,861 shares in the last quarter. Scotia Capital Inc. acquired a new position in shares of QuantumScape during the third quarter valued at about $95,000. Vanguard Group Inc. increased its holdings in shares of QuantumScape by 23.3% during the third quarter. Vanguard Group Inc. now owns 29,031,546 shares of the company's stock valued at $194,221,000 after acquiring an additional 5,483,319 shares in the last quarter. Finally, Whittier Trust Co. acquired a new position in shares of QuantumScape during the fourth quarter valued at about $326,000. 29.87% of the stock is currently owned by institutional investors.

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.