QuantumScape (NYSE:QS) Sets New 52-Week Low – Time to Sell?

QuantumScape Corporation (NYSE:QS)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $5.88 and last traded at $5.8850, with a volume of 10573450 shares traded. The stock had previously closed at $6.43.

QuantumScape Stock Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 21.14 and a quick ratio of 21.14. The firm has a market capitalization of $3.55 billion, a PE ratio of -7.13 and a beta of 2.61. The firm has a fifty day moving average price of $7.67 and a 200 day moving average price of $7.93.

QuantumScape (NYSE:QS) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. During the same period in the previous year, the firm posted ($0.21) earnings per share. Research analysts anticipate that QuantumScape Corporation will post -0.82 earnings per share for the current fiscal year.

Insider Buying and Selling at QuantumScape

In related news, CTO Timothy Holme sold 150,320 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $9.30, for a total value of $1,397,976.00. Following the transaction, the chief technology officer directly owned 1,712,506 shares of the company’s stock, valued at approximately $15,926,305.80. This trade represents a 8.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey B. Straubel sold 27,106 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $7.85, for a total value of $212,782.10. Following the completion of the sale, the director owned 131,298 shares of the company’s stock, valued at approximately $1,030,689.30. This trade represents a 17.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 737,540 shares of company stock worth $5,967,115 over the last three months. Corporate insiders own 3.93% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank bought a new position in shares of QuantumScape in the fourth quarter worth about $29,321,000. Exchange Traded Concepts LLC bought a new stake in QuantumScape during the 4th quarter valued at approximately $4,475,000. Vanguard Group Inc. boosted its stake in QuantumScape by 11.8% during the 4th quarter. Vanguard Group Inc. now owns 40,959,061 shares of the company’s stock valued at $426,793,000 after purchasing an additional 4,323,829 shares during the period. Virtu Financial LLC acquired a new stake in QuantumScape in the 4th quarter valued at approximately $3,287,000. Finally, AXQ Capital LP grew its holdings in QuantumScape by 408.7% in the 4th quarter. AXQ Capital LP now owns 80,046 shares of the company’s stock valued at $834,000 after buying an additional 64,311 shares during the last quarter. Institutional investors and hedge funds own 29.87% of the company’s stock.

QuantumScape Company Profile

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.