QuantumScape (NYSE:QS) Shares Gap Up – Still a Buy?

QuantumScape Corporation (NYSE:QS) gapped up before the market opened on Monday . The stock had previously closed at $8.47, but opened at $9.41. QuantumScape shares last traded at $9.3940, with a volume of 8,603,831 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on QS shares. HSBC cut shares of QuantumScape from a “hold” rating to a “reduce” rating and lifted their price objective for the company from $5.30 to $10.50 in a report on Wednesday, November 19th. Evercore restated an “in-line” rating and set a $12.00 target price (up from $8.00) on shares of QuantumScape in a research report on Monday, November 24th. Deutsche Bank Aktiengesellschaft set a $10.00 price target on QuantumScape and gave the company a “hold” rating in a research note on Thursday, October 23rd. TD Cowen reaffirmed a “hold” rating on shares of QuantumScape in a report on Thursday, October 30th. Finally, Morgan Stanley assumed coverage on QuantumScape in a research report on Monday, December 8th. They set an “equal weight” rating and a $12.00 price target on the stock. Six investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $9.17.

QuantumScape Stock Down 2.5%

The firm has a market cap of $5.38 billion, a PE ratio of -11.04 and a beta of 2.51. The business’s 50 day moving average price is $10.69 and its 200 day moving average price is $11.57. The company has a debt-to-equity ratio of 0.02, a current ratio of 21.14 and a quick ratio of 21.14.

Insider Transactions at QuantumScape

In other QuantumScape news, CTO Timothy Holme sold 166,440 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $11.28, for a total transaction of $1,877,443.20. Following the completion of the sale, the chief technology officer directly owned 1,251,383 shares in the company, valued at approximately $14,115,600.24. The trade was a 11.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kevin Hettrich sold 9,800 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $10.59, for a total value of $103,782.00. Following the completion of the transaction, the chief financial officer owned 1,485,138 shares in the company, valued at approximately $15,727,611.42. This trade represents a 0.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 4,257,169 shares of company stock valued at $48,407,629. 5.48% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On QuantumScape

Several institutional investors and hedge funds have recently added to or reduced their stakes in QS. Tsfg LLC grew its holdings in shares of QuantumScape by 233.3% during the third quarter. Tsfg LLC now owns 2,000 shares of the company’s stock worth $25,000 after buying an additional 1,400 shares in the last quarter. REAP Financial Group LLC boosted its position in QuantumScape by 300.0% during the third quarter. REAP Financial Group LLC now owns 2,000 shares of the company’s stock worth $25,000 after acquiring an additional 1,500 shares during the last quarter. Global Retirement Partners LLC boosted its position in QuantumScape by 538.7% during the third quarter. Global Retirement Partners LLC now owns 2,312 shares of the company’s stock worth $28,000 after acquiring an additional 1,950 shares during the last quarter. VSM Wealth Advisory LLC grew its stake in QuantumScape by 46.8% during the 3rd quarter. VSM Wealth Advisory LLC now owns 2,352 shares of the company’s stock valued at $29,000 after acquiring an additional 750 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in QuantumScape in the 4th quarter valued at about $25,000. Institutional investors and hedge funds own 29.87% of the company’s stock.

About QuantumScape

QuantumScape Corporation is a development-stage company specializing in the research and commercialization of next-generation solid-state lithium-metal batteries for electric vehicles. The company’s core technology replaces the traditional liquid electrolyte with a solid ceramic separator, aiming to deliver higher energy density, faster charging times and enhanced safety compared to conventional lithium-ion cells. QuantumScape’s product roadmap focuses on enabling electric vehicle manufacturers to extend driving range and reduce charging downtime, addressing key barriers to widespread EV adoption.

Founded in 2010 and headquartered in San Jose, California, QuantumScape has attracted significant strategic investment and formed partnerships with leading automotive OEMs.