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

Shares of QuantumScape Co. (NYSE:QS - Get Free Report) were up 4.1% on Wednesday . The company traded as high as $4.16 and last traded at $4.16. Approximately 5,078,948 shares traded hands during 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 equities research analysts have commented on QS shares. Evercore ISI reissued a "hold" rating on shares of QuantumScape in a research note on Tuesday, February 25th. The Goldman Sachs Group reduced 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 note on Thursday, April 24th. Truist Financial dropped their price objective 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. Finally, UBS Group downgraded shares of QuantumScape from a "neutral" rating to a "sell" rating and decreased their target price for the stock from $5.00 to $2.50 in a research report on Thursday, April 10th. Three investment 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 stock presently has an average rating of "Hold" and an average price target of $5.19.

QuantumScape Trading Down 1.9%

The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07. The firm's fifty day moving average is $3.99 and its two-hundred day moving average is $4.68. The firm has a market capitalization of $2.19 billion, a PE ratio of -4.18 and a beta of 4.38.

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

Insider Buying and Selling at QuantumScape

In related news, 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 value of $314,997.48. Following the completion of the transaction, the insider now directly owns 1,640,998 shares in the company, valued at approximately $7,236,801.18. The trade was a 4.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $242,400.62. Following the completion of the transaction, the director now directly owns 231,530 shares of the company's stock, valued at $912,228.20. The trade was a 20.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 12.03% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd bought a new position in QuantumScape during the 4th quarter worth approximately $1,275,000. Raymond James Financial Inc. purchased a new stake in QuantumScape during the 4th quarter valued at $1,527,000. Charles Schwab Investment Management Inc. grew its holdings in QuantumScape by 4.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,331,966 shares of the company's stock worth $12,103,000 after acquiring an additional 104,894 shares during the last quarter. Vanguard Group Inc. increased its position in shares of QuantumScape by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 32,440,612 shares of the company's stock valued at $168,367,000 after acquiring an additional 956,072 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of QuantumScape by 1,091.5% during the fourth quarter. American Century Companies Inc. now owns 432,455 shares of the company's stock valued at $2,244,000 after acquiring an additional 396,160 shares during the last quarter. Institutional investors own 29.87% of the company's stock.

About QuantumScape

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.