QuantumScape (NYSE:QS) Shares Up 4.1% - What's Next?

QuantumScape Co. (NYSE:QS - Get Free Report)'s share price was up 4.1% on Wednesday . The company traded as high as $4.16 and last traded at $4.16. Approximately 5,078,948 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 11,232,330 shares. The stock had previously closed at $3.99.

Analysts Set New Price Targets

A number of research analysts recently weighed in on QS shares. 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 research note on Monday, April 28th. UBS Group lowered shares of QuantumScape from a "neutral" rating to a "sell" rating and decreased their price target for the company from $5.00 to $2.50 in a research note on Thursday, April 10th. Evercore ISI reaffirmed a "hold" rating on shares of QuantumScape in a research note on Tuesday, February 25th. Robert W. Baird decreased their target price on shares of QuantumScape from $8.00 to $6.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Finally, Truist Financial decreased their target price on shares of QuantumScape from $7.00 to $6.00 and set a "hold" rating on the stock in a research note on Friday, February 14th. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $5.19.

QuantumScape Price Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07. The stock's 50 day simple moving average is $3.99 and its two-hundred day simple moving average is $4.69. The firm has a market capitalization of $2.24 billion, a PE ratio of -4.26 and a beta of 4.38.

QuantumScape (NYSE:QS - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.02). During the same quarter in the previous year, the firm earned ($0.24) EPS. On average, sell-side analysts forecast that QuantumScape Co. will post -0.82 EPS for the current year.

Insider Activity

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

Institutional Trading of QuantumScape

Several institutional investors have recently added to or reduced their stakes in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in QuantumScape by 456.5% in 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 valued at $19,799,000 after purchasing an additional 3,904,168 shares during the last quarter. NewEdge Advisors LLC increased its holdings in QuantumScape by 50.4% in the 1st quarter. NewEdge Advisors LLC now owns 21,224 shares of the company's stock valued at $88,000 after purchasing an additional 7,111 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in QuantumScape by 21.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 961,052 shares of the company's stock valued at $3,998,000 after purchasing an additional 170,173 shares during the last quarter. AQR Capital Management LLC acquired a new stake in QuantumScape in the 1st quarter valued at approximately $321,000. Finally, Perbak Capital Partners LLP acquired a new stake in QuantumScape in the 1st quarter valued at approximately $353,000. Institutional investors and hedge funds own 29.87% of the company's stock.

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.