QuantumScape (NYSE:QS) Trading 1.4% Higher

Shares of QuantumScape Co. (NYSE:QS) rose 1.4% during mid-day trading on Monday . The stock traded as high as $5.04 and last traded at $4.99. Approximately 1,025,693 shares were traded during trading, a decline of 87% from the average daily volume of 8,036,860 shares. The stock had previously closed at $4.92.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on QS. Truist Financial dropped their price target on shares of QuantumScape from $8.00 to $6.00 and set a “hold” rating for the company in a research report on Monday, April 22nd. UBS Group decreased their target price on shares of QuantumScape from $9.00 to $5.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, QuantumScape presently has a consensus rating of “Hold” and a consensus price target of $6.67.

QuantumScape Stock Up 1.2 %

The stock’s 50-day simple moving average is $5.53 and its 200-day simple moving average is $6.29. The company has a debt-to-equity ratio of 0.03, a current ratio of 10.38 and a quick ratio of 10.38.

QuantumScape (NYSE:QS) last posted its earnings results on Wednesday, April 24th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.02). On average, equities analysts expect that QuantumScape Co. will post -0.89 EPS for the current year.

Insider Activity

In other QuantumScape news, Director Jagdeep Singh sold 192,280 shares of the firm’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $5.85, for a total value of $1,124,838.00. Following the sale, the director now owns 2,809,253 shares of the company’s stock, valued at approximately $16,434,130.05. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other QuantumScape news, insider Michael O. Mccarthy III sold 22,554 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $5.72, for a total value of $129,008.88. Following the sale, the insider now owns 1,207,500 shares of the company’s stock, valued at approximately $6,906,900. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jagdeep Singh sold 192,280 shares of QuantumScape stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $5.85, for a total transaction of $1,124,838.00. Following the sale, the director now directly owns 2,809,253 shares in the company, valued at approximately $16,434,130.05. The disclosure for this sale can be found here. In the last quarter, insiders have sold 487,559 shares of company stock worth $2,752,186. 10.18% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of QuantumScape by 23.3% in the third quarter. Vanguard Group Inc. now owns 29,031,546 shares of the company’s stock worth $194,221,000 after acquiring an additional 5,483,319 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in QuantumScape by 240.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,256,034 shares of the company’s stock valued at $26,770,000 after buying an additional 3,004,964 shares during the period. Norges Bank bought a new stake in QuantumScape during the fourth quarter valued at approximately $18,482,000. Baillie Gifford & Co. grew its position in QuantumScape by 10.3% during the first quarter. Baillie Gifford & Co. now owns 2,679,518 shares of the company’s stock valued at $16,854,000 after buying an additional 251,186 shares during the period. Finally, Trexquant Investment LP bought a new stake in QuantumScape during the fourth quarter valued at approximately $1,560,000. 29.87% of the stock is owned by hedge funds and other institutional investors.

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.