QuantumScape Co. (NYSE:QS - Get Free Report) rose 0.4% during trading on Monday . The company traded as high as $5.58 and last traded at $5.41. Approximately 1,776,933 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 9,298,134 shares. The stock had previously closed at $5.39.
Analysts Set New Price Targets
Several research analysts have issued reports on QS shares. Robert W. Baird raised their price objective 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. UBS Group lowered their price objective on shares of QuantumScape from $9.00 to $5.00 and set a "neutral" rating on the stock in a research report on Thursday. Finally, Truist Financial lowered their price objective on shares of QuantumScape from $8.00 to $6.00 and set a "hold" rating on the stock in a research report on Monday, April 22nd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, QuantumScape has a consensus rating of "Hold" and a consensus price target of $6.09.
Check Out Our Latest Research Report on QuantumScape
QuantumScape Trading Up 2.0 %
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 has a market cap of $2.73 billion, a price-to-earnings ratio of -5.73 and a beta of 4.77. The business's 50-day simple moving average is $5.90 and its 200-day simple moving average is $6.41.
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 in the prior year, the business posted ($0.25) EPS. Research analysts predict that QuantumScape Co. will post -0.95 earnings per share for the current fiscal year.
Insider Transactions at QuantumScape
In other news, Director Jeffrey B. Straubel sold 69,309 shares of QuantumScape stock in a transaction dated Monday, February 5th. The shares were 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 directly owns 292,644 shares in the company, valued at $1,966,567.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Kevin Hettrich sold 34,607 shares of the business's stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $6.14, for a total value of $212,486.98. Following the completion of the sale, the chief financial officer now directly owns 1,178,512 shares in the company, valued at $7,236,063.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jeffrey B. Straubel sold 69,309 shares of the business's 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 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 sold a total of 194,970 shares of company stock worth $1,250,775 over the last ninety days. 10.18% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Citigroup Inc. lifted its position in 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 buying an additional 51,934 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC lifted its position 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 worth $77,000 after purchasing an additional 2,861 shares in the last quarter. Scotia Capital Inc. acquired a new position in shares of QuantumScape during the third quarter worth $95,000. HBK Sorce Advisory LLC lifted its position in shares of QuantumScape by 11.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 21,551 shares of the company's stock worth $150,000 after purchasing an additional 2,264 shares in the last quarter. Finally, Simplicity Solutions LLC acquired a new position in shares of QuantumScape during the fourth quarter worth $719,000. 29.87% of the stock is owned by institutional investors and hedge funds.
About QuantumScape
(
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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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