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

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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.

Get Our Latest Report on QS

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

(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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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