QuantumScape (NYSE:QS) Sees Unusually-High Trading Volume - Should You Buy?

QuantumScape Corporation (NYSE:QS - Get Free Report) saw an uptick in trading volume on Tuesday . 11,265,620 shares traded hands during trading, a decline of 21% from the previous session's volume of 14,213,701 shares.The stock last traded at $7.85 and had previously closed at $7.01.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on QS. UBS Group lowered QuantumScape from a "neutral" rating to a "sell" rating and decreased their price target for the company from $5.00 to $2.50 in a report on Thursday, April 10th. The Goldman Sachs Group cut their price objective on QuantumScape from $3.00 to $2.50 and set a "sell" rating on the stock in a research report on Monday, April 28th. TD Cowen raised QuantumScape to a "hold" rating in a research report on Monday. Finally, Robert W. Baird cut their price objective on QuantumScape from $8.00 to $6.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Three equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat, QuantumScape currently has a consensus rating of "Hold" and a consensus price target of $5.19.

QuantumScape Stock Performance

The firm's 50-day moving average price is $4.62 and its two-hundred day moving average price is $4.70. 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 stock has a market cap of $4.61 billion, a price-to-earnings ratio of -9.05 and a beta of 4.42.

QuantumScape (NYSE:QS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.02). During the same quarter in the previous year, the firm posted ($0.24) EPS. On average, analysts expect that QuantumScape Corporation will post -0.82 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Fritz Prinz sold 61,523 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $3.94, for a total transaction of $242,400.62. Following the sale, the director directly owned 231,530 shares in the company, valued at approximately $912,228.20. This represents a 20.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mohit Singh sold 325,000 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $7.21, for a total value of $2,343,250.00. Following the completion of the transaction, the insider directly owned 1,641,711 shares of the company's stock, valued at $11,836,736.31. This trade represents a 16.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 747,951 shares of company stock worth $4,629,048 over the last 90 days. Insiders own 12.03% of the company's stock.

Institutional Investors Weigh In On QuantumScape

Large investors have recently modified their holdings of the company. Signaturefd LLC lifted its holdings in shares of QuantumScape by 2,086.1% during the first quarter. Signaturefd LLC now owns 6,121 shares of the company's stock worth $25,000 after purchasing an additional 5,841 shares during the period. Heck Capital Advisors LLC acquired a new stake in shares of QuantumScape during the fourth quarter worth $26,000. Federated Hermes Inc. lifted its holdings in shares of QuantumScape by 660.0% during the first quarter. Federated Hermes Inc. now owns 6,262 shares of the company's stock worth $26,000 after purchasing an additional 5,438 shares during the period. Hollencrest Capital Management lifted its holdings in shares of QuantumScape by 333.3% during the first quarter. Hollencrest Capital Management now owns 6,500 shares of the company's stock worth $27,000 after purchasing an additional 5,000 shares during the period. Finally, Raiffeisen Bank International AG acquired a new stake in shares of QuantumScape during the fourth quarter worth $29,000. 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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