QuantumScape Co. (NYSE:QS - Get Free Report) traded down 0.7% on Tuesday . The company traded as low as $5.34 and last traded at $5.46. 1,550,237 shares were traded during mid-day trading, a decline of 83% from the average session volume of 9,272,579 shares. The stock had previously closed at $5.50.
Wall Street Analyst Weigh In
Several analysts recently issued reports on QS shares. Robert W. Baird lifted their target price on QuantumScape from $5.00 to $8.00 and gave the company a "neutral" rating in a research note on Thursday, February 15th. Truist Financial dropped their target price on shares of QuantumScape from $8.00 to $6.00 and set a "hold" rating for the company in a research report on Monday, April 22nd. Finally, UBS Group reduced their price target on shares of QuantumScape from $9.00 to $5.00 and set a "neutral" rating on the stock in a report on Thursday, April 25th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $6.09.
View Our Latest Stock Analysis on QuantumScape
QuantumScape Trading Down 1.5 %
The company has a market cap of $2.69 billion, a PE ratio of -5.65 and a beta of 4.77. The stock's 50 day moving average is $5.88 and its 200-day moving average is $6.41. The company has a quick ratio of 18.98, a current ratio of 18.98 and a debt-to-equity ratio of 0.03.
QuantumScape (NYSE:QS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 14th. The company reported ($0.23) EPS for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.04). During the same quarter in the previous year, the company earned ($0.25) EPS. As a group, sell-side analysts anticipate that QuantumScape Co. will post -0.95 EPS for the current year.
Insider Transactions at QuantumScape
In related news, CFO Kevin Hettrich sold 34,607 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $6.11, for a total value of $211,448.77. Following the sale, the chief financial officer now directly owns 556,302 shares of the company's stock, valued at approximately $3,399,005.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Kevin Hettrich sold 34,607 shares of QuantumScape stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $6.11, for a total transaction of $211,448.77. Following the completion of the sale, the chief financial officer now owns 556,302 shares in the company, valued at approximately $3,399,005.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael O. Mccarthy III sold 21,840 shares of the company's 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 completion of 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. In the last 90 days, insiders sold 194,970 shares of company stock worth $1,250,775. 10.18% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in QuantumScape by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 29,828,269 shares of the company's stock valued at $207,306,000 after purchasing an additional 796,723 shares in the last quarter. Norges Bank purchased a new stake in shares of QuantumScape during the fourth quarter valued at about $18,482,000. Board of Trustees of The Leland Stanford Junior University boosted its holdings in shares of QuantumScape by 5.2% in the 4th quarter. Board of Trustees of The Leland Stanford Junior University now owns 2,610,677 shares of the company's stock valued at $18,144,000 after buying an additional 129,239 shares in the last quarter. Baillie Gifford & Co. grew its position in shares of QuantumScape by 53.6% in the 3rd quarter. Baillie Gifford & Co. now owns 2,581,225 shares of the company's stock worth $17,268,000 after buying an additional 900,249 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in QuantumScape by 4.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,975,157 shares of the company's stock valued at $13,727,000 after acquiring an additional 81,941 shares in the last quarter. 29.87% of the stock is currently 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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