QuantumScape (NYSE:QS) Trading Down 1% – What’s Next?

QuantumScape Co. (NYSE:QS) fell 1% during trading on Monday . The company traded as low as $5.20 and last traded at $5.21. 12,671,967 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 18,751,680 shares. The stock had previously closed at $5.26.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on QS shares. HSBC upgraded QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price target for the company in a report on Tuesday, November 19th. Hsbc Global Res raised shares of QuantumScape to a “hold” rating in a research report on Tuesday, November 19th. Finally, Truist Financial restated a “hold” rating and set a $7.00 price target (up previously from $6.00) on shares of QuantumScape in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $6.26.

QuantumScape Price Performance

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 stock’s 50 day moving average price is $5.26 and its two-hundred day moving average price is $5.71. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of -5.41 and a beta of 4.46.

QuantumScape (NYSE:QS) last released its earnings results on Wednesday, October 23rd. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). During the same period in the previous year, the business earned ($0.23) EPS. On average, equities research analysts anticipate that QuantumScape Co. will post -0.99 EPS for the current year.

Insider Transactions at QuantumScape

In related news, insider Michael O. Mccarthy III sold 27,305 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $5.07, for a total transaction of $138,436.35. Following the transaction, the insider now owns 1,129,167 shares of the company’s stock, valued at approximately $5,724,876.69. The trade was a 2.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mohit Singh sold 97,305 shares of the firm’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $6.24, for a total transaction of $607,183.20. Following the completion of the sale, the insider now owns 1,092,020 shares in the company, valued at $6,814,204.80. This represents a 8.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 536,460 shares of company stock worth $2,903,619. Company insiders own 12.03% of the company’s stock.

Institutional Investors Weigh In On QuantumScape

A number of institutional investors have recently bought and sold shares of the business. Flagship Harbor Advisors LLC acquired a new stake in QuantumScape during the fourth quarter valued at approximately $65,000. SG Americas Securities LLC grew its position in QuantumScape by 127.0% in the fourth quarter. SG Americas Securities LLC now owns 204,630 shares of the company’s stock valued at $1,062,000 after acquiring an additional 114,504 shares during the period. Guardian Investment Management raised its stake in QuantumScape by 158.6% during the fourth quarter. Guardian Investment Management now owns 12,490 shares of the company’s stock worth $65,000 after acquiring an additional 7,660 shares in the last quarter. 180 Wealth Advisors LLC lifted its holdings in shares of QuantumScape by 13.3% during the fourth quarter. 180 Wealth Advisors LLC now owns 112,168 shares of the company’s stock valued at $582,000 after acquiring an additional 13,177 shares during the period. Finally, Sanctuary Advisors LLC boosted its stake in shares of QuantumScape by 28.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 161,781 shares of the company’s stock valued at $930,000 after purchasing an additional 35,579 shares in the last quarter. 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.