QuantumScape (NYSE:QS) Trading Up 0.2%

QuantumScape Co. (NYSE:QS) shot up 0.2% on Tuesday . The company traded as high as $5.53 and last traded at $5.42. 2,627,357 shares changed hands during trading, a decline of 72% from the average session volume of 9,523,051 shares. The stock had previously closed at $5.41.

Analyst Ratings Changes

A number of brokerages have weighed in on QS. Truist Financial raised their price objective on QuantumScape from $7.00 to $8.00 and gave the company a “hold” rating in a research note on Friday, February 16th. Robert W. Baird boosted their price target on QuantumScape from $5.00 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Finally, William Blair assumed coverage on QuantumScape in a research note on Monday, December 18th. They set a “market perform” rating on the stock. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, QuantumScape presently has a consensus rating of “Hold” and an average target price of $6.71.

QuantumScape Stock Performance

The firm has a fifty day simple moving average of $6.29 and a 200-day simple moving average of $6.48. The company has a current ratio of 18.98, a quick ratio of 18.98 and a debt-to-equity ratio of 0.03. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of -5.65 and a beta of 4.77.

QuantumScape (NYSE:QS) last posted its quarterly earnings results on Wednesday, February 14th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.04). During the same quarter in the prior year, the business earned ($0.25) earnings per share. Analysts forecast that QuantumScape Co. will post -0.87 EPS for the current fiscal year.

Insider Activity

In other news, CFO Kevin Hettrich sold 34,607 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $6.14, for a total value of $212,486.98. Following the transaction, the chief financial officer now owns 1,178,512 shares of the company’s stock, valued at approximately $7,236,063.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Jeffrey B. Straubel sold 69,309 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $6.72, for a total value of $465,756.48. Following the transaction, the director now owns 292,644 shares of the company’s stock, valued at approximately $1,966,567.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kevin Hettrich sold 34,607 shares of the company’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $6.14, for a total transaction of $212,486.98. Following the completion of the sale, the chief financial officer now owns 1,178,512 shares of the company’s stock, valued at approximately $7,236,063.68. The disclosure for this sale can be found here. Insiders have sold a total of 194,970 shares of company stock valued at $1,250,775 in the last 90 days. 10.18% of the stock is owned by company insiders.

Institutional Trading of QuantumScape

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of QuantumScape by 23.3% in the 3rd quarter. Vanguard Group Inc. now owns 29,031,546 shares of the company’s stock valued at $194,221,000 after acquiring an additional 5,483,319 shares in the last quarter. Norges Bank bought a new position in shares of QuantumScape in the 4th quarter valued at about $18,482,000. Morgan Stanley grew its holdings in shares of QuantumScape by 52.1% in the 3rd quarter. Morgan Stanley now owns 4,310,857 shares of the company’s stock valued at $28,840,000 after acquiring an additional 1,476,799 shares in the last quarter. BlackRock Inc. grew its holdings in shares of QuantumScape by 9.7% in the 2nd quarter. BlackRock Inc. now owns 13,035,638 shares of the company’s stock valued at $104,155,000 after acquiring an additional 1,148,137 shares in the last quarter. Finally, Baillie Gifford & Co. grew its holdings in shares of QuantumScape by 53.6% in the 3rd quarter. Baillie Gifford & Co. now owns 2,581,225 shares of the company’s stock valued at $17,268,000 after acquiring an additional 900,249 shares in 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.