QuantumScape (NYSE:QS) Trading Down 2.4%

QuantumScape Co. (NYSE:QS - Get Free Report) shares traded down 2.4% during mid-day trading on Friday . The company traded as low as $5.23 and last traded at $5.25. 1,595,239 shares changed hands during trading, a decline of 82% from the average session volume of 8,877,288 shares. The stock had previously closed at $5.38.

Analyst Ratings Changes

QS has been the topic of several recent research reports. Truist Financial reduced their price target on QuantumScape from $8.00 to $6.00 and set a "hold" rating on the stock in a research report on Monday, April 22nd. UBS Group lowered their price target 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. Finally, Robert W. Baird boosted their price objective on shares of QuantumScape from $5.00 to $8.00 and gave the stock a "neutral" rating in a report on Thursday, February 15th. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $6.09.

QuantumScape Stock Up 0.2 %

The company has a debt-to-equity ratio of 0.03, a quick ratio of 10.38 and a current ratio of 10.38. The stock's fifty day simple moving average is $5.78 and its two-hundred day simple moving average is $6.37. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of -5.47 and a beta of 4.74.

QuantumScape (NYSE:QS - Get Free Report) last announced its quarterly earnings data 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 prior year, the business posted ($0.25) earnings per share. On average, sell-side analysts anticipate that QuantumScape Co. will post -0.9 EPS for the current year.

Insider Buying and Selling at QuantumScape

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

Hedge Funds Weigh In On QuantumScape

Several hedge funds have recently bought and sold shares of the business. Commonwealth Equity Services LLC raised its holdings in QuantumScape by 5.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 357,782 shares of the company's stock worth $2,394,000 after acquiring an additional 19,431 shares during the period. Xponance Inc. acquired a new position in shares of QuantumScape during the 3rd quarter worth about $70,000. Raymond James Financial Services Advisors Inc. boosted its stake in QuantumScape by 31.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 283,609 shares of the company's stock valued at $1,897,000 after purchasing an additional 68,431 shares during the period. Bank of New York Mellon Corp grew its holdings in QuantumScape by 5.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 927,473 shares of the company's stock valued at $6,205,000 after buying an additional 44,616 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in QuantumScape by 26.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,595 shares of the company's stock worth $372,000 after buying an additional 11,648 shares during the period. 29.87% of the stock is owned by institutional investors and hedge funds.

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.

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