QuantumScape Corporation (NYSE:QS - Get Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 32,291,638 shares changed hands during trading, an increase of 49% from the previous session's volume of 21,674,309 shares.The stock last traded at $12.49 and had previously closed at $12.52.
Analyst Ratings Changes
QS has been the topic of a number of research reports. UBS Group cut shares of QuantumScape from a "neutral" rating to a "sell" rating and lowered their price target for the stock from $5.00 to $2.50 in a report on Thursday, April 10th. TD Cowen raised shares of QuantumScape to a "hold" rating in a report on Monday, July 7th. Robert W. Baird lowered their price target on shares of QuantumScape from $8.00 to $6.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Finally, The Goldman Sachs Group decreased their price target on shares of QuantumScape from $3.00 to $2.50 and set a "sell" rating on the stock in a report on Monday, April 28th. Three equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $5.19.
Read Our Latest Report on QuantumScape
QuantumScape Stock 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 market capitalization of $7.65 billion, a P/E ratio of -15.04 and a beta of 4.42. The business's fifty day simple moving average is $5.82 and its 200-day simple moving average is $5.02.
QuantumScape (NYSE:QS - Get Free Report) last posted its 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 previous year, the company posted ($0.24) EPS. As a group, equities analysts anticipate that QuantumScape Corporation will post -0.82 earnings per share for the current fiscal year.
Insider Buying and Selling at QuantumScape
In other news, insider Mohit Singh sold 465,000 shares of the company's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $8.21, for a total value of $3,817,650.00. Following the completion of the sale, the insider owned 1,641,711 shares of the company's stock, valued at approximately $13,478,447.31. This represents a 22.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Timothy Holme sold 11,906 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $7.02, for a total transaction of $83,580.12. Following the completion of the sale, the chief technology officer directly owned 1,661,928 shares of the company's stock, valued at $11,666,734.56. The trade was a 0.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,589,468 shares of company stock valued at $18,114,411 in the last three months. Company insiders own 12.03% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in shares of QuantumScape in the fourth quarter worth $1,527,000. Swiss National Bank boosted its holdings in QuantumScape by 2.2% during the fourth quarter. Swiss National Bank now owns 754,700 shares of the company's stock worth $3,917,000 after buying an additional 16,500 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in QuantumScape by 9.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 481,916 shares of the company's stock worth $2,501,000 after buying an additional 41,712 shares in the last quarter. Xponance Inc. boosted its holdings in QuantumScape by 17.8% during the fourth quarter. Xponance Inc. now owns 15,862 shares of the company's stock worth $82,000 after buying an additional 2,400 shares in the last quarter. Finally, Virtu Financial LLC boosted its holdings in QuantumScape by 382.9% during the fourth quarter. Virtu Financial LLC now owns 197,252 shares of the company's stock worth $1,024,000 after buying an additional 156,407 shares in the last quarter. Institutional investors and hedge funds own 29.87% of the company's stock.
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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