QuantumScape (NYSE:QS) Stock Price Down 0.7%

QuantumScape Co. (NYSE:QS - Get Free Report) traded down 0.7% during mid-day trading on Wednesday . The company traded as low as $5.54 and last traded at $5.55. 1,745,253 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 9,302,734 shares. The stock had previously closed at $5.59.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Robert W. Baird boosted their target price on QuantumScape from $5.00 to $8.00 and gave the company a "neutral" rating in a research report on Thursday, February 15th. Truist Financial cut their target price on QuantumScape from $8.00 to $6.00 and set a "hold" rating on the stock in a research report on Monday. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $6.46.

QuantumScape Stock Down 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 $2.72 billion, a price-to-earnings ratio of -5.71 and a beta of 4.76. The firm's 50 day simple moving average is $6.00 and its 200-day simple moving average is $6.43.

QuantumScape (NYSE:QS - Get Free Report) last released 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 period in the previous year, the firm earned ($0.25) earnings per share. As a group, sell-side analysts anticipate that QuantumScape Co. will post -0.87 earnings per share for the current year.

Insider Transactions at QuantumScape

In other news, CFO Kevin Hettrich sold 34,607 shares of QuantumScape stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $6.14, for a total value of $212,486.98. Following the sale, the chief financial officer now owns 1,178,512 shares of the company's stock, valued at $7,236,063.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Jeffrey B. Straubel sold 69,309 shares of the firm's stock in a transaction dated Monday, February 5th. The shares were 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 in the company, valued at $1,966,567.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kevin Hettrich sold 34,607 shares of the firm's stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $6.14, for a total transaction of $212,486.98. Following the completion of the sale, the chief financial officer now owns 1,178,512 shares of the company's stock, valued at approximately $7,236,063.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 194,970 shares of company stock worth $1,250,775. Company insiders own 10.18% of the company's stock.

Institutional Trading of QuantumScape

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. CWM LLC raised its position in QuantumScape by 31.1% during the third quarter. CWM LLC now owns 7,555 shares of the company's stock worth $51,000 after acquiring an additional 1,794 shares during the last quarter. AE Wealth Management LLC acquired a new position in QuantumScape during the third quarter worth about $74,000. SG Americas Securities LLC raised its position in QuantumScape by 67.8% during the third quarter. SG Americas Securities LLC now owns 67,842 shares of the company's stock worth $454,000 after acquiring an additional 27,412 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in QuantumScape during the third quarter worth about $88,000. Finally, Oak Thistle LLC acquired a new position in QuantumScape during the third quarter worth about $916,000. Institutional investors and hedge funds own 29.87% of the company's stock.

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.