QuantumScape Co. (NYSE:QS - Get Free Report) shares shot up 0.7% during trading on Thursday . The company traded as high as $5.61 and last traded at $5.60. 1,617,421 shares traded hands during trading, a decline of 83% from the average session volume of 9,442,639 shares. The stock had previously closed at $5.56.
Wall Street Analyst Weigh In
QS has been the topic of several recent research reports. Robert W. Baird lifted their price objective on QuantumScape from $5.00 to $8.00 and gave the stock a "neutral" rating in a report on Thursday, February 15th. Truist Financial lifted their price target on shares of QuantumScape from $7.00 to $8.00 and gave the stock a "hold" rating in a research note on Friday, February 16th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $6.71.
Get Our Latest Stock Analysis on QuantumScape
QuantumScape Stock Performance
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 fifty day simple moving average of $6.18 and a 200-day simple moving average of $6.46. The company has a market capitalization of $2.70 billion, a P/E ratio of -5.68 and a beta of 4.76.
QuantumScape (NYSE:QS - Get Free Report) last announced 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 period last year, the business posted ($0.25) EPS. Equities analysts forecast that QuantumScape Co. will post -0.87 EPS for the current year.
Insider Transactions at QuantumScape
In other news, CFO Kevin Hettrich sold 34,607 shares of the firm's stock in a transaction on Monday, March 11th. The stock was 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 directly owns 556,302 shares in the company, valued at $3,399,005.22. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other QuantumScape news, CFO Kevin Hettrich sold 34,607 shares of the company's stock in a transaction on Monday, March 11th. The stock was sold at an average price of $6.11, for a total transaction of $211,448.77. Following the transaction, the chief financial officer now owns 556,302 shares of the company's stock, valued at approximately $3,399,005.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 owns 292,644 shares of the company's stock, valued at $1,966,567.68. The disclosure for this sale can be found here. Insiders have sold 194,970 shares of company stock valued at $1,250,775 in the last three months. 10.18% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On QuantumScape
Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its stake in shares of 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 period. US Bancorp DE boosted its holdings in QuantumScape by 78.5% during the first quarter. US Bancorp DE now owns 11,310 shares of the company's stock worth $226,000 after buying an additional 4,975 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in QuantumScape by 14.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 65,502 shares of the company's stock worth $1,309,000 after buying an additional 8,253 shares during the last quarter. Cetera Advisor Networks LLC grew its position in shares of QuantumScape by 18.7% during the 1st quarter. Cetera Advisor Networks LLC now owns 20,611 shares of the company's stock worth $412,000 after buying an additional 3,253 shares during the period. Finally, Citigroup Inc. increased its stake in shares of QuantumScape by 10.4% in the 1st 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. 29.87% of the stock is owned by institutional investors.
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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