QuantumScape (NYSE:QS) Sets New 12-Month Low – Here’s Why

QuantumScape Corporation (NYSE:QS)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $5.88 and last traded at $5.8850, with a volume of 10573450 shares changing hands. The stock had previously closed at $6.43.

QuantumScape Stock Performance

The firm has a market capitalization of $3.60 billion, a price-to-earnings ratio of -7.23 and a beta of 2.61. 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’s fifty day moving average is $7.61 and its 200 day moving average is $7.88.

QuantumScape (NYSE:QS) last issued its earnings results on Wednesday, April 22nd. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.02. During the same quarter last year, the business posted ($0.21) EPS. On average, analysts predict that QuantumScape Corporation will post -0.82 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Investors Weigh In On QuantumScape

Several institutional investors and hedge funds have recently added to or reduced their stakes in QS. Vanguard Group Inc. grew its holdings in QuantumScape by 11.8% during the fourth 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 last quarter. Morgan Stanley grew its stake in QuantumScape by 333.5% in the 4th quarter. Morgan Stanley now owns 11,126,497 shares of the company’s stock valued at $115,938,000 after buying an additional 8,559,554 shares during the last quarter. Geode Capital Management LLC raised its holdings in QuantumScape by 16.7% in the 4th quarter. Geode Capital Management LLC now owns 8,327,604 shares of the company’s stock worth $86,794,000 after acquiring an additional 1,189,748 shares during the period. Renaissance Technologies LLC bought a new position in QuantumScape in the 4th quarter worth $84,584,000. Finally, State Street Corp lifted its position in QuantumScape by 7.6% during the 4th quarter. State Street Corp now owns 7,500,503 shares of the company’s stock worth $78,155,000 after acquiring an additional 529,602 shares during the last quarter. 29.87% of the stock is currently owned by institutional investors and hedge funds.

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.