QuantumScape (NYSE:QS) Trading Up 3.9% - What's Next?

QuantumScape Corporation (NYSE:QS - Get Free Report)'s stock price rose 3.9% during mid-day trading on Friday . The company traded as high as $9.53 and last traded at $9.44. Approximately 21,570,122 shares traded hands during mid-day trading, an increase of 45% from the average daily volume of 14,880,014 shares. The stock had previously closed at $9.09.

Wall Street Analyst Weigh In

QS has been the topic of a number of recent analyst reports. UBS Group downgraded QuantumScape from a "neutral" rating to a "sell" rating and lowered their price target for the stock from $5.00 to $2.50 in a research report on Thursday, April 10th. Robert W. Baird lowered their price target on QuantumScape from $8.00 to $6.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. TD Cowen raised QuantumScape to a "hold" rating in a research report on Monday. Finally, 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. Three analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $5.19.

QuantumScape Trading Up 1.4%

The company has a market cap of $5.15 billion, a P/E ratio of -10.13 and a beta of 4.42. The business has a fifty day moving average price of $5.00 and a 200-day moving average price of $4.80. The company has a quick ratio of 16.66, a current ratio of 16.66 and a debt-to-equity ratio of 0.03.

QuantumScape (NYSE:QS - Get Free Report) last issued its quarterly earnings data 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 period in the prior year, the company posted ($0.24) earnings per share. On average, analysts forecast that QuantumScape Corporation will post -0.82 earnings per share for the current year.

Insider Transactions at QuantumScape

In related news, Director Fritz Prinz sold 864,708 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $7.02, for a total value of $6,070,250.16. Following the completion of the sale, the director directly owned 81,364 shares in the company, valued at approximately $571,175.28. The trade was a 91.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Mohit Singh sold 465,000 shares of the business's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $8.21, for a total value of $3,817,650.00. Following the completion of the sale, the insider owned 1,641,711 shares of the company's stock, valued at approximately $13,478,447.31. This trade represents a 22.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,589,468 shares of company stock worth $18,114,411 over the last quarter. Company insiders own 12.03% of the company's stock.

Institutional Investors Weigh In On QuantumScape

Several institutional investors have recently made changes to their positions in QS. Signaturefd LLC boosted its stake in shares of QuantumScape by 2,086.1% in the first quarter. Signaturefd LLC now owns 6,121 shares of the company's stock valued at $25,000 after buying an additional 5,841 shares during the period. Heck Capital Advisors LLC bought a new stake in shares of QuantumScape in the fourth quarter valued at approximately $26,000. Federated Hermes Inc. boosted its stake in shares of QuantumScape by 660.0% in the first quarter. Federated Hermes Inc. now owns 6,262 shares of the company's stock valued at $26,000 after buying an additional 5,438 shares during the period. Hollencrest Capital Management boosted its stake in shares of QuantumScape by 333.3% in the first quarter. Hollencrest Capital Management now owns 6,500 shares of the company's stock valued at $27,000 after buying an additional 5,000 shares during the period. Finally, Raiffeisen Bank International AG bought a new stake in shares of QuantumScape in the fourth quarter valued at approximately $29,000. 29.87% of the stock is currently owned by institutional investors.

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.