QuantumScape (NYSE:QS) Shares Up 0.7%

QuantumScape Co. (NYSE:QS)’s share price was up 0.7% during trading on Wednesday . The stock traded as high as $5.60 and last traded at $5.45. Approximately 7,522,461 shares were traded during mid-day trading, an increase of 29% from the average daily volume of 5,834,106 shares. The stock had previously closed at $5.41.

Analyst Ratings Changes

QS has been the topic of a number of recent research reports. Robert W. Baird increased their target price on QuantumScape from $5.00 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Truist Financial raised their price objective on shares of QuantumScape from $7.00 to $8.00 and gave the company a “hold” rating in a research note on Friday, February 16th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, QuantumScape currently has an average rating of “Hold” and an average target price of $6.71.

QuantumScape Trading Up 0.7 %

The company has a debt-to-equity ratio of 0.03, a quick ratio of 18.98 and a current ratio of 18.98. The firm has a market cap of $2.70 billion, a PE ratio of -5.68 and a beta of 4.76. The stock has a 50-day simple moving average of $6.25 and a two-hundred day simple moving average of $6.47.

QuantumScape (NYSE:QS) last released its quarterly earnings data on Wednesday, February 14th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.04). During the same quarter in the previous year, the firm earned ($0.25) EPS. As a group, sell-side analysts anticipate that QuantumScape Co. will post -0.87 EPS for the current year.

Insider Buying and Selling

In other QuantumScape news, insider Michael O. Mccarthy III sold 21,840 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $6.17, for a total value of $134,752.80. Following the transaction, the insider now owns 731,629 shares of the company’s stock, valued at $4,514,150.93. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Jeffrey B. Straubel sold 69,309 shares of QuantumScape stock in a transaction on Monday, February 5th. The shares were sold at an average price of $6.72, for a total transaction of $465,756.48. Following the transaction, the director now owns 292,644 shares in the company, valued at approximately $1,966,567.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael O. Mccarthy III sold 21,840 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $6.17, for a total value of $134,752.80. Following the completion of the sale, the insider now owns 731,629 shares of the company’s stock, valued at $4,514,150.93. The disclosure for this sale can be found here. Insiders sold 194,970 shares of company stock valued at $1,250,775 over the last 90 days. Company insiders own 10.18% of the company’s stock.

Hedge Funds Weigh In On QuantumScape

Several institutional investors and hedge funds have recently bought and sold shares of QS. Citigroup Inc. raised its stake in shares of QuantumScape by 97.7% in the third quarter. Citigroup Inc. now owns 105,065 shares of the company’s stock worth $703,000 after buying an additional 51,934 shares during the period. Householder Group Estate & Retirement Specialist LLC raised its stake in QuantumScape by 34.5% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 11,160 shares of the company’s stock worth $77,000 after acquiring an additional 2,861 shares during the period. Scotia Capital Inc. purchased a new position in shares of QuantumScape during the 3rd quarter valued at $95,000. HBK Sorce Advisory LLC boosted its holdings in QuantumScape by 11.7% in the 4th quarter. HBK Sorce Advisory LLC now owns 21,551 shares of the company’s stock worth $150,000 after buying an additional 2,264 shares during the period. Finally, Vanguard Group Inc. increased its stake in QuantumScape by 23.3% in the 3rd quarter. Vanguard Group Inc. now owns 29,031,546 shares of the company’s stock worth $194,221,000 after buying an additional 5,483,319 shares in the last quarter. 29.87% of the stock is currently owned by hedge funds and other 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.