QuantumScape (NYSE:QS) Trading Up 10.4%

QuantumScape Co. (NYSE:QS - Get Free Report) shares rose 10.4% during trading on Monday . The stock traded as high as $6.04 and last traded at $5.95. Approximately 4,857,143 shares traded hands during trading, a decline of 45% from the average daily volume of 8,871,126 shares. The stock had previously closed at $5.39.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on QS. 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 report on Thursday, February 15th. 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. Finally, UBS Group reduced their target price on shares of QuantumScape from $9.00 to $5.00 and set a "neutral" rating for the company in a report on Thursday, April 25th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, QuantumScape currently has an average rating of "Hold" and an average price target of $6.09.

QuantumScape Price Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 10.38 and a quick ratio of 10.38. The company has a 50-day simple moving average of $5.76 and a 200-day simple moving average of $6.38. The stock has a market cap of $2.99 billion, a PE ratio of -6.23 and a beta of 4.74.

QuantumScape (NYSE:QS - Get Free Report) last posted its quarterly 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 business posted ($0.25) EPS. Sell-side analysts anticipate that QuantumScape Co. will post -0.9 EPS for the current fiscal year.

Insider Activity

In other QuantumScape news, CFO Kevin Hettrich sold 34,607 shares of QuantumScape stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $6.54, for a total value of $226,329.78. Following the completion of the sale, the chief financial officer now directly owns 554,553 shares of the company's stock, valued at approximately $3,626,776.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other QuantumScape news, CFO Kevin Hettrich sold 34,607 shares of QuantumScape stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $6.54, for a total value of $226,329.78. Following the completion of the sale, the chief financial officer now owns 554,553 shares in the company, valued at approximately $3,626,776.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael O. Mccarthy III sold 21,840 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $6.17, for a total transaction of $134,752.80. Following the transaction, the insider now owns 731,629 shares in the company, valued at $4,514,150.93. The disclosure for this sale can be found here. Insiders sold a total of 125,661 shares of company stock worth $785,018 over the last 90 days. 10.18% of the stock is currently owned by corporate insiders.

Institutional Trading of QuantumScape

Several institutional investors have recently made changes to their positions in QS. Commonwealth Equity Services LLC grew its holdings in shares of QuantumScape by 5.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 357,782 shares of the company's stock worth $2,394,000 after purchasing an additional 19,431 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of QuantumScape by 31.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 283,609 shares of the company's stock worth $1,897,000 after acquiring an additional 68,431 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of QuantumScape by 5.1% in the third quarter. Bank of New York Mellon Corp now owns 927,473 shares of the company's stock worth $6,205,000 after acquiring an additional 44,616 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of QuantumScape by 26.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,595 shares of the company's stock valued at $372,000 after acquiring an additional 11,648 shares during the period. Finally, Manhattan West Asset Management LLC lifted its holdings in shares of QuantumScape by 57.8% during the 3rd quarter. Manhattan West Asset Management LLC now owns 31,140 shares of the company's stock valued at $208,000 after acquiring an additional 11,400 shares in the last quarter. 29.87% of the stock is owned by hedge funds and other institutional investors.

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.