QuantumScape (NYSE:QS) Trading Down 4.7% - Should You Sell?

Shares of QuantumScape Co. (NYSE:QS - Get Free Report) traded down 4.7% on Thursday . The company traded as low as $4.12 and last traded at $4.12. 6,867,377 shares changed hands during trading, a decline of 39% from the average session volume of 11,297,902 shares. The stock had previously closed at $4.32.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Evercore ISI reissued a "hold" rating on shares of QuantumScape in a research report on Tuesday, February 25th. Truist Financial decreased their price target on shares of QuantumScape from $7.00 to $6.00 and set a "hold" rating for the company in a research report on Friday, February 14th. The Goldman Sachs Group decreased their price target on shares of QuantumScape from $3.00 to $2.50 and set a "sell" rating for the company in a research report on Monday, April 28th. Robert W. Baird decreased their price target on shares of QuantumScape from $8.00 to $6.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Finally, UBS Group downgraded shares of QuantumScape from a "neutral" rating to a "sell" rating and decreased their price target for the stock from $5.00 to $2.50 in a research report on Thursday, April 10th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $5.19.

QuantumScape Price Performance

The company has a 50 day moving average of $3.99 and a 200-day moving average of $4.69. The stock has a market capitalization of $2.24 billion, a P/E ratio of -4.26 and a beta of 4.38. The company has a quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.03.

QuantumScape (NYSE:QS - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.02). During the same quarter in the prior year, the company posted ($0.24) earnings per share. Sell-side analysts predict that QuantumScape Co. will post -0.82 EPS for the current year.

Insider Buying and Selling at QuantumScape

In other news, Director Fritz Prinz sold 61,523 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $3.94, for a total transaction of $242,400.62. Following the transaction, the director now directly owns 231,530 shares of the company's stock, valued at approximately $912,228.20. This trade represents a 20.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mohit Singh sold 71,428 shares of the firm's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $4.41, for a total value of $314,997.48. Following the transaction, the insider now directly owns 1,640,998 shares in the company, valued at $7,236,801.18. This trade represents a 4.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.03% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of QS. Flagship Harbor Advisors LLC acquired a new position in QuantumScape during the fourth quarter worth about $65,000. PFG Investments LLC grew its holdings in QuantumScape by 83.7% during the fourth quarter. PFG Investments LLC now owns 37,496 shares of the company's stock worth $195,000 after acquiring an additional 17,081 shares during the period. Blue Trust Inc. grew its holdings in QuantumScape by 208.8% during the fourth quarter. Blue Trust Inc. now owns 6,738 shares of the company's stock worth $39,000 after acquiring an additional 4,556 shares during the period. KBC Group NV grew its holdings in QuantumScape by 14.0% during the fourth quarter. KBC Group NV now owns 59,982 shares of the company's stock worth $311,000 after acquiring an additional 7,360 shares during the period. Finally, Heck Capital Advisors LLC acquired a new position in QuantumScape during the fourth quarter worth about $26,000. 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.