QuantumScape (NYSE:QS) Reaches New 52-Week Low - What's Next?

QuantumScape Co. (NYSE:QS - Get Free Report) hit a new 52-week low during trading on Friday . The stock traded as low as $4.63 and last traded at $4.71, with a volume of 3728253 shares traded. The stock had previously closed at $4.80.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on QS shares. Truist Financial cut their price objective on QuantumScape from $7.00 to $6.00 and set a "hold" rating for the company in a report on Friday, February 14th. Evercore ISI reissued a "hold" rating on shares of QuantumScape in a report on Tuesday, February 25th. Hsbc Global Res raised QuantumScape to a "hold" rating in a research note on Tuesday, November 19th. Finally, HSBC raised QuantumScape from a "reduce" rating to a "hold" rating and set a $5.30 target price for the company in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $6.06.

QuantumScape Stock Performance

The firm has a market cap of $2.26 billion, a PE ratio of -4.69 and a beta of 4.45. The company has a 50 day simple moving average of $5.24 and a 200-day simple moving average of $5.35. The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07.

QuantumScape (NYSE:QS - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.01). As a group, equities research analysts anticipate that QuantumScape Co. will post -0.82 EPS for the current year.

Insider Activity

In related news, insider Mohit Singh sold 97,305 shares of the company's stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $6.24, for a total transaction of $607,183.20. Following the completion of the transaction, the insider now owns 1,092,020 shares in the company, valued at $6,814,204.80. This represents a 8.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jagdeep Singh sold 308,097 shares of QuantumScape stock in a transaction on Monday, December 9th. The shares were sold at an average price of $5.30, for a total transaction of $1,632,914.10. Following the completion of the sale, the director now owns 2,563,767 shares in the company, valued at approximately $13,587,965.10. This trade represents a 10.73 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 615,216 shares of company stock valued at $3,327,157. 12.03% of the stock is currently owned by company insiders.

Institutional Trading of QuantumScape

Several large investors have recently added to or reduced their stakes in QS. Nisa Investment Advisors LLC raised its stake in QuantumScape by 6,650.0% in the third quarter. Nisa Investment Advisors LLC now owns 135,000 shares of the company's stock worth $776,000 after buying an additional 133,000 shares in the last quarter. Geode Capital Management LLC raised its stake in QuantumScape by 3.9% in the third quarter. Geode Capital Management LLC now owns 5,853,958 shares of the company's stock worth $33,671,000 after buying an additional 218,743 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in QuantumScape in the fourth quarter worth about $1,275,000. Weiss Asset Management LP bought a new position in QuantumScape in the third quarter worth about $828,000. Finally, SG Americas Securities LLC raised its stake in QuantumScape by 127.0% in the fourth quarter. SG Americas Securities LLC now owns 204,630 shares of the company's stock worth $1,062,000 after buying an additional 114,504 shares in the last quarter. Institutional investors 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.