QuantumScape Corporation (NYSE:QS - Get Free Report)'s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $15.06 and last traded at $14.87, with a volume of 11602148 shares changing hands. The stock had previously closed at $14.59.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on QS shares. Robert W. Baird increased their price target on shares of QuantumScape from $6.00 to $11.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. TD Cowen upgraded QuantumScape to a "hold" rating in a research note on Monday, July 7th. Six research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus price target of $5.88.
Check Out Our Latest Report on QuantumScape
QuantumScape Trading Up 2.0%
The company has a debt-to-equity ratio of 0.03, a current ratio of 16.40 and a quick ratio of 16.40. The company has a market cap of $8.43 billion, a price-to-earnings ratio of -17.33 and a beta of 4.85. The business has a 50 day simple moving average of $9.70 and a 200 day simple moving average of $6.79.
QuantumScape (NYSE:QS - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported ($0.20) EPS for the quarter, meeting the consensus estimate of ($0.20). The company had revenue of $36.67 million for the quarter. During the same quarter in the prior year, the business earned ($0.25) earnings per share. As a group, equities analysts forecast that QuantumScape Corporation will post -0.82 EPS for the current year.
Insider Buying and Selling
In other news, Director Jeffrey B. Straubel sold 157,180 shares of the firm's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $9.20, for a total value of $1,446,056.00. Following the transaction, the director owned 348,146 shares of the company's stock, valued at approximately $3,202,943.20. This trade represents a 31.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Timothy Holme sold 6,362 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $9.63, for a total transaction of $61,266.06. The disclosure for this sale can be found here. In the last three months, insiders sold 2,469,940 shares of company stock worth $25,417,775. 5.48% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in QuantumScape by 456.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,759,334 shares of the company's stock worth $19,799,000 after acquiring an additional 3,904,168 shares during the last quarter. Vanguard Group Inc. raised its holdings in QuantumScape by 9.0% in the first quarter. Vanguard Group Inc. now owns 35,351,974 shares of the company's stock worth $147,064,000 after purchasing an additional 2,911,362 shares during the period. BNP Paribas Financial Markets boosted its position in shares of QuantumScape by 2,036.7% during the second quarter. BNP Paribas Financial Markets now owns 2,452,835 shares of the company's stock worth $16,483,000 after purchasing an additional 2,338,038 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of QuantumScape by 1,005.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,982,578 shares of the company's stock valued at $13,323,000 after buying an additional 1,803,196 shares during the period. Finally, Bank of America Corp DE increased its position in shares of QuantumScape by 148.0% in the 2nd quarter. Bank of America Corp DE now owns 2,803,989 shares of the company's stock valued at $18,843,000 after buying an additional 1,673,472 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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