QuantumScape Corporation (NYSE:QS - Get Free Report) shares fell 1.9% during trading on Friday . The company traded as low as $14.60 and last traded at $14.70. 73,888,767 shares were traded during trading, an increase of 167% from the average session volume of 27,690,965 shares. The stock had previously closed at $14.99.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on QS shares. Robert W. Baird lifted their target price on shares of QuantumScape from $6.00 to $11.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. TD Cowen upgraded shares of QuantumScape to a "hold" rating in a research report on Monday, July 7th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of QuantumScape in a research report on Wednesday. Six investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Reduce" and an average price target of $5.88.
Get Our Latest Research Report on QS
QuantumScape Trading Down 1.9%
The firm's 50 day moving average price is $10.29 and its 200-day moving average price is $7.24. The stock has a market cap of $8.32 billion, a P/E ratio of -17.09 and a beta of 4.85. The company has a debt-to-equity ratio of 0.03, a current ratio of 16.40 and a quick ratio of 16.40.
QuantumScape (NYSE:QS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported ($0.20) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.20). The company had revenue of $36.67 million for the quarter. During the same quarter last year, the business posted ($0.25) EPS. As a group, equities research analysts forecast that QuantumScape Corporation will post -0.82 earnings per share for the current year.
Insider Buying and Selling at QuantumScape
In related news, insider Michael O. Mccarthy III sold 500,000 shares of the firm's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $11.60, for a total value of $5,800,000.00. Following the transaction, the insider owned 1,467,183 shares of the company's stock, valued at $17,019,322.80. This trade represents a 25.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Fritz Prinz sold 929,813 shares of the firm's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $11.62, for a total transaction of $10,804,427.06. Following the completion of the transaction, the director directly owned 161,343 shares in the company, valued at $1,874,805.66. This represents a 85.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,327,870 shares of company stock worth $26,819,135 over the last three months. 5.48% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the company. Wedmont Private Capital boosted its stake in QuantumScape by 5.7% in the 3rd quarter. Wedmont Private Capital now owns 15,115 shares of the company's stock worth $186,000 after purchasing an additional 815 shares in the last quarter. Oak Thistle LLC acquired a new stake in QuantumScape in the 3rd quarter worth approximately $1,530,000. GAMMA Investing LLC acquired a new stake in QuantumScape in the 3rd quarter worth approximately $46,000. Praxis Investment Management Inc. acquired a new stake in QuantumScape in the 3rd quarter worth approximately $155,000. Finally, Arthedge Capital Management LLC boosted its stake in QuantumScape by 17.3% in the 2nd quarter. Arthedge Capital Management LLC now owns 848,000 shares of the company's stock worth $5,699,000 after purchasing an additional 125,000 shares in the last quarter. Hedge funds and other institutional investors 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.
Further Reading
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