QuantumScape (NYSE:QS) Sees Strong Trading Volume - Time to Buy?

QuantumScape Corporation (NYSE:QS - Get Free Report) saw strong trading volume on Thursday . 17,399,509 shares were traded during trading, an increase of 38% from the previous session's volume of 12,580,248 shares.The stock last traded at $6.42 and had previously closed at $5.67.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. UBS Group lowered shares of QuantumScape from a "neutral" rating to a "sell" rating and lowered their target price for the stock from $5.00 to $2.50 in a research report on Thursday, April 10th. Robert W. Baird decreased their price target on QuantumScape from $8.00 to $6.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group dropped their price objective on QuantumScape from $3.00 to $2.50 and set a "sell" rating for the company in a research note on Monday, April 28th. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, QuantumScape currently has a consensus rating of "Hold" and a consensus target price of $5.19.

QuantumScape Price Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 16.66 and a current ratio of 16.66. The company has a 50-day moving average of $4.14 and a 200-day moving average of $4.60. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of -8.41 and a beta of 4.27.

QuantumScape (NYSE:QS - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.21) earnings per share for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.02). During the same period in the prior year, the business earned ($0.24) earnings per share. As a group, equities research analysts expect that QuantumScape Corporation will post -0.82 earnings per share for the current fiscal year.

Insider Buying and Selling at QuantumScape

In other QuantumScape news, insider Mohit Singh sold 71,428 shares of the stock in a transaction on Monday, May 19th. The stock was sold at an average price of $4.41, for a total transaction of $314,997.48. Following the transaction, the insider now owns 1,640,998 shares of the company's stock, valued at $7,236,801.18. This represents a 4.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Fritz Prinz sold 61,523 shares of QuantumScape stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $3.94, for a total value of $242,400.62. Following the completion of the sale, the director now directly owns 231,530 shares of the company's stock, valued at approximately $912,228.20. This represents a 20.99% decrease in their position. The disclosure for this sale can be found here. 12.03% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Heck Capital Advisors LLC purchased a new stake in QuantumScape in the fourth quarter valued at approximately $26,000. Raiffeisen Bank International AG purchased a new position in QuantumScape during the fourth quarter worth approximately $29,000. Signaturefd LLC boosted its holdings in shares of QuantumScape by 2,086.1% in the 1st quarter. Signaturefd LLC now owns 6,121 shares of the company's stock valued at $25,000 after purchasing an additional 5,841 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of QuantumScape by 660.0% during the 1st quarter. Federated Hermes Inc. now owns 6,262 shares of the company's stock valued at $26,000 after buying an additional 5,438 shares during the period. Finally, Hollencrest Capital Management increased its holdings in shares of QuantumScape by 333.3% during the 1st quarter. Hollencrest Capital Management now owns 6,500 shares of the company's stock worth $27,000 after buying an additional 5,000 shares during the last quarter. 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.