Free Trial

QuantumScape (NYSE:QS) Shares Up 1% - Should You Buy?

QuantumScape logo with Auto/Tires/Trucks background

QuantumScape Corporation (NYSE:QS - Get Free Report)'s share price traded up 1% on Wednesday . The company traded as high as $8.79 and last traded at $8.26. 28,885,297 shares traded hands during trading, an increase of 99% from the average session volume of 14,550,076 shares. The stock had previously closed at $8.18.

Wall Street Analysts Forecast Growth

QS has been the subject of several research reports. Robert W. Baird dropped their price objective on shares of QuantumScape from $8.00 to $6.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. UBS Group lowered QuantumScape from a "neutral" rating to a "sell" rating and reduced their price objective for the company from $5.00 to $2.50 in a report on Thursday, April 10th. The Goldman Sachs Group lowered their price target on QuantumScape from $3.00 to $2.50 and set a "sell" rating on the stock in a research report on Monday, April 28th. Finally, TD Cowen upgraded shares of QuantumScape to a "hold" rating in a report on Monday. Three equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $5.19.

Check Out Our Latest Research Report on QS

QuantumScape Price Performance

The firm has a fifty day moving average price of $4.90 and a two-hundred day moving average price of $4.78. The stock has a market capitalization of $5.15 billion, a P/E ratio of -10.13 and a beta of 4.42. The company has a debt-to-equity ratio of 0.03, a quick ratio of 16.66 and a current ratio of 16.66.

QuantumScape (NYSE:QS - Get Free Report) last released its quarterly 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 last year, the company posted ($0.24) earnings per share. As a group, analysts expect that QuantumScape Corporation will post -0.82 EPS for the current fiscal year.

Insider Buying and Selling at QuantumScape

In related news, CTO Timothy Holme sold 11,906 shares of the business'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 value of $83,580.12. Following the transaction, the chief technology officer directly owned 1,661,928 shares of the company's stock, valued at approximately $11,666,734.56. The trade was a 0.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Fritz Prinz sold 864,708 shares of the firm's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $7.02, for a total value of $6,070,250.16. Following the transaction, the director owned 81,364 shares of the company's stock, valued at approximately $571,175.28. The trade was a 91.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,589,468 shares of company stock valued at $18,114,411 over the last ninety days. 12.03% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On QuantumScape

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Xponance Inc. increased its holdings in QuantumScape by 17.8% during the 4th quarter. Xponance Inc. now owns 15,862 shares of the company's stock worth $82,000 after purchasing an additional 2,400 shares during the period. Arizona State Retirement System increased its holdings in QuantumScape by 2.3% during the 4th quarter. Arizona State Retirement System now owns 111,364 shares of the company's stock worth $578,000 after purchasing an additional 2,483 shares during the period. Birchcreek Wealth Management LLC increased its holdings in QuantumScape by 11.5% during the 1st quarter. Birchcreek Wealth Management LLC now owns 25,183 shares of the company's stock worth $105,000 after purchasing an additional 2,600 shares during the period. HighTower Advisors LLC increased its holdings in QuantumScape by 13.7% during the 1st quarter. HighTower Advisors LLC now owns 23,611 shares of the company's stock worth $98,000 after purchasing an additional 2,838 shares during the period. Finally, Mercer Global Advisors Inc. ADV increased its holdings in QuantumScape by 19.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 18,199 shares of the company's stock worth $94,000 after purchasing an additional 2,997 shares during the period. 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.

Featured Articles

Should You Invest $1,000 in QuantumScape Right Now?

Before you consider QuantumScape, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and QuantumScape wasn't on the list.

While QuantumScape currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The 10 Best AI Stocks to Own in 2025 Cover

Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Don’t Miss These Top 3 Defense Stocks Set To Gain
Triple-Digit Gains: These 4 Nuclear Stocks Have Even More Upside Ahead
3 Made in America Stocks Under $20 You Need to See!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines