QuantumScape (NYSE:QS) Trading Up 4.9%

QuantumScape Co. (NYSE:QS)’s stock price traded up 4.9% during trading on Friday . The stock traded as high as $5.43 and last traded at $5.35. 3,087,051 shares changed hands during trading, a decline of 67% from the average session volume of 9,322,381 shares. The stock had previously closed at $5.10.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on QS shares. UBS Group cut their target price on QuantumScape from $9.00 to $5.00 and set a “neutral” rating on the stock in a research report on Thursday. Truist Financial cut their price objective on QuantumScape from $8.00 to $6.00 and set a “hold” rating on the stock in a report on Monday. Finally, Robert W. Baird lifted their target price on QuantumScape from $5.00 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.30.

QuantumScape Stock Performance

The company has a market capitalization of $2.67 billion, a PE ratio of -5.68 and a beta of 4.76. The firm has a 50-day moving average of $5.96 and a two-hundred day moving average of $6.42. The company has a quick ratio of 18.98, a current ratio of 18.98 and a debt-to-equity ratio of 0.03.

QuantumScape (NYSE:QS) last posted its earnings results on Wednesday, February 14th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.04). During the same quarter in the previous year, the firm earned ($0.25) EPS. Research analysts anticipate that QuantumScape Co. will post -0.93 EPS for the current year.

Insider Buying and Selling

In related news, CFO Kevin Hettrich sold 34,607 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $6.14, for a total value of $212,486.98. Following the completion of the sale, the chief financial officer now owns 1,178,512 shares of the company’s stock, valued at approximately $7,236,063.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CFO Kevin Hettrich sold 34,607 shares of the firm’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $6.14, for a total value of $212,486.98. Following the transaction, the chief financial officer now directly owns 1,178,512 shares of the company’s stock, valued at approximately $7,236,063.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael O. Mccarthy III sold 21,840 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $6.17, for a total value of $134,752.80. Following the sale, the insider now owns 731,629 shares of the company’s stock, valued at $4,514,150.93. The disclosure for this sale can be found here. In the last 90 days, insiders sold 194,970 shares of company stock valued at $1,250,775. 10.18% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Spire Wealth Management raised its holdings in QuantumScape by 39.0% in the 4th quarter. Spire Wealth Management now owns 5,350 shares of the company’s stock valued at $35,000 after acquiring an additional 1,500 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of QuantumScape by 595.1% in the fourth quarter. International Assets Investment Management LLC now owns 6,186 shares of the company’s stock valued at $43,000 after purchasing an additional 5,296 shares during the last quarter. C M Bidwell & Associates Ltd. lifted its position in QuantumScape by 37.3% during the third quarter. C M Bidwell & Associates Ltd. now owns 6,754 shares of the company’s stock worth $45,000 after buying an additional 1,835 shares in the last quarter. CWM LLC boosted its stake in QuantumScape by 31.1% during the third quarter. CWM LLC now owns 7,555 shares of the company’s stock worth $51,000 after buying an additional 1,794 shares during the last quarter. Finally, StepStone Group LP purchased a new stake in QuantumScape in the 4th quarter valued at $56,000. Hedge funds and other institutional investors 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.