QuantumScape (NYSE:QS) Trading Up 0.2%

QuantumScape Co. (NYSE:QS - Get Free Report) shares shot up 0.2% during trading on Tuesday . The company traded as high as $5.53 and last traded at $5.42. 2,627,357 shares traded hands during trading, a decline of 72% from the average session volume of 9,523,051 shares. The stock had previously closed at $5.41.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on QS shares. Truist Financial lifted their target price on shares of QuantumScape from $7.00 to $8.00 and gave the company a "hold" rating in a research note on Friday, February 16th. Robert W. Baird lifted their target price on shares of QuantumScape from $5.00 to $8.00 and gave the company a "neutral" rating in a research note on Thursday, February 15th. Finally, William Blair began coverage on shares of QuantumScape in a research report on Monday, December 18th. They issued a "market perform" rating for the company. Three investment 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.com, QuantumScape presently has an average rating of "Hold" and a consensus price target of $6.71.

QuantumScape Stock Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 18.98 and a current ratio of 18.98. The stock's fifty day moving average price is $6.25 and its 200-day moving average price is $6.47. The company has a market capitalization of $2.70 billion, a P/E ratio of -5.68 and a beta of 4.77.

QuantumScape (NYSE:QS - Get Free Report) last issued its earnings results on Wednesday, February 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.04). During the same quarter in the prior year, the company 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 at QuantumScape

In other QuantumScape news, Director Jeffrey B. Straubel sold 69,309 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $6.72, for a total transaction of $465,756.48. Following the transaction, the director now owns 292,644 shares in the company, valued at approximately $1,966,567.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other QuantumScape news, CFO Kevin Hettrich sold 34,607 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $6.54, for a total transaction of $226,329.78. Following the transaction, the chief financial officer now owns 554,553 shares in the company, valued at approximately $3,626,776.62. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jeffrey B. Straubel sold 69,309 shares of the stock in a transaction that occurred 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 sale, the director now owns 292,644 shares in the company, valued at approximately $1,966,567.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 194,970 shares of company stock worth $1,250,775. Insiders own 10.18% of the company's stock.

Institutional Trading of QuantumScape

Several large investors have recently made changes to their positions in QS. Bank of New York Mellon Corp lifted its stake in QuantumScape by 10.3% in the 1st quarter. Bank of New York Mellon Corp now owns 778,770 shares of the company's stock valued at $15,569,000 after purchasing an additional 72,570 shares during the last quarter. US Bancorp DE lifted its stake in QuantumScape by 78.5% in the 1st quarter. US Bancorp DE now owns 11,310 shares of the company's stock valued at $226,000 after purchasing an additional 4,975 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of QuantumScape by 14.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 65,502 shares of the company's stock valued at $1,309,000 after acquiring an additional 8,253 shares during the last quarter. Cetera Advisor Networks LLC raised its stake in shares of QuantumScape by 18.7% during the first quarter. Cetera Advisor Networks LLC now owns 20,611 shares of the company's stock valued at $412,000 after acquiring an additional 3,253 shares during the last quarter. Finally, Citigroup Inc. raised its stake in shares of QuantumScape by 10.4% during the first quarter. Citigroup Inc. now owns 88,582 shares of the company's stock valued at $1,771,000 after acquiring an additional 8,342 shares during the last quarter. Institutional investors and hedge funds own 29.87% of the company's stock.

About QuantumScape

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.