QuantumScape (NYSE:QS) Shares Down 0.7%

QuantumScape Co. (NYSE:QS) shares traded down 0.7% during mid-day trading on Tuesday . The stock traded as low as $5.34 and last traded at $5.46. 1,550,237 shares traded hands during trading, a decline of 83% from the average session volume of 9,272,579 shares. The stock had previously closed at $5.50.

Analyst Ratings Changes

QS has been the topic of several analyst reports. Truist Financial reduced their price objective on QuantumScape from $8.00 to $6.00 and set a “hold” rating on the stock in a research note on Monday, April 22nd. Robert W. Baird boosted their price objective on QuantumScape from $5.00 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Finally, UBS Group decreased their price target on shares of QuantumScape from $9.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, QuantumScape currently has an average rating of “Hold” and a consensus price target of $6.09.

QuantumScape Price Performance

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 capitalization of $2.69 billion, a price-to-earnings ratio of -5.69 and a beta of 4.77. The company’s 50 day moving average is $5.90 and its 200 day moving average is $6.41.

QuantumScape (NYSE:QS) last posted its earnings results on Wednesday, February 14th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.04). During the same period last year, the business posted ($0.25) earnings per share. Research analysts anticipate that QuantumScape Co. will post -0.95 EPS for the current fiscal year.

Insider Activity

In other news, CFO Kevin Hettrich sold 34,607 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $6.11, for a total transaction of $211,448.77. Following the completion of the sale, the chief financial officer now owns 556,302 shares in the company, valued at $3,399,005.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Kevin Hettrich sold 34,607 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $6.11, for a total transaction of $211,448.77. Following the completion of the sale, the chief financial officer now owns 556,302 shares in the company, valued at $3,399,005.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael O. Mccarthy III sold 21,840 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $6.17, for a total transaction of $134,752.80. Following the completion of the transaction, the insider now directly owns 731,629 shares in the company, valued at $4,514,150.93. The disclosure for this sale can be found here. Insiders have sold 194,970 shares of company stock valued at $1,250,775 in the last ninety days. 10.18% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On QuantumScape

A number of institutional investors have recently added to or reduced their stakes in QS. New York State Common Retirement Fund grew its stake in shares of QuantumScape by 0.6% during the 4th quarter. New York State Common Retirement Fund now owns 235,700 shares of the company’s stock worth $1,638,000 after purchasing an additional 1,481 shares during the period. Spire Wealth Management grew its position in QuantumScape by 39.0% during the fourth quarter. Spire Wealth Management now owns 5,350 shares of the company’s stock worth $35,000 after buying an additional 1,500 shares during the period. Xponance Inc. increased its holdings in QuantumScape by 15.8% in the fourth quarter. Xponance Inc. now owns 12,050 shares of the company’s stock valued at $84,000 after buying an additional 1,640 shares in the last quarter. CWM LLC lifted its position in shares of QuantumScape by 31.1% during the 3rd quarter. CWM LLC now owns 7,555 shares of the company’s stock valued at $51,000 after acquiring an additional 1,794 shares during the period. Finally, C M Bidwell & Associates Ltd. boosted its stake in shares of QuantumScape by 37.3% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 6,754 shares of the company’s stock worth $45,000 after acquiring an additional 1,835 shares in the last quarter. Hedge funds and other 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.