QuantumScape (NYSE:QS) Trading 0.7% Higher – Time to Buy?

Shares of QuantumScape Co. (NYSE:QS) traded up 0.7% on Wednesday . The company traded as high as $5.51 and last traded at $5.49. 3,061,770 shares were traded during mid-day trading, a decline of 65% from the average session volume of 8,678,846 shares. The stock had previously closed at $5.45.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Wolfe Research assumed coverage on QuantumScape in a research note on Thursday, September 5th. They issued an “underperform” rating on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $6.00 target price on shares of QuantumScape in a research note on Tuesday, September 10th. Finally, Truist Financial restated a “hold” rating and set a $7.00 price target (up previously from $6.00) on shares of QuantumScape in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat.com, QuantumScape presently has a consensus rating of “Hold” and an average target price of $6.14.

QuantumScape Stock Performance

The stock has a market cap of $2.60 billion, a PE ratio of -5.67 and a beta of 4.58. The company has a quick ratio of 8.66, a current ratio of 14.07 and a debt-to-equity ratio of 0.03. The firm has a 50 day moving average price of $5.65 and a 200 day moving average price of $5.79.

QuantumScape (NYSE:QS) last posted its earnings results on Wednesday, October 23rd. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.02). During the same quarter in the prior year, the firm posted ($0.23) earnings per share. As a group, research analysts forecast that QuantumScape Co. will post -0.97 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Fritz Prinz sold 12,908 shares of QuantumScape stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $5.96, for a total transaction of $76,931.68. Following the completion of the sale, the director now owns 254,103 shares of the company’s stock, valued at $1,514,453.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Kevin Hettrich sold 58,000 shares of QuantumScape stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $5.78, for a total transaction of $335,240.00. Following the completion of the sale, the chief financial officer now owns 1,073,022 shares of the company’s stock, valued at $6,202,067.16. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Fritz Prinz sold 12,908 shares of QuantumScape stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $5.96, for a total value of $76,931.68. Following the sale, the director now directly owns 254,103 shares of the company’s stock, valued at $1,514,453.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 903,591 shares of company stock valued at $5,195,582. 12.03% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. 180 Wealth Advisors LLC lifted its holdings in QuantumScape by 2.7% in the second quarter. 180 Wealth Advisors LLC now owns 79,741 shares of the company’s stock valued at $392,000 after acquiring an additional 2,059 shares during the period. Signaturefd LLC lifted its holdings in QuantumScape by 79.9% in the third quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock valued at $28,000 after acquiring an additional 2,148 shares during the period. CWM LLC lifted its holdings in QuantumScape by 56.0% in the second quarter. CWM LLC now owns 7,124 shares of the company’s stock valued at $35,000 after acquiring an additional 2,556 shares during the period. Carson Advisory Inc. lifted its holdings in QuantumScape by 13.6% in the first quarter. Carson Advisory Inc. now owns 24,250 shares of the company’s stock valued at $153,000 after acquiring an additional 2,900 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in QuantumScape by 32.4% in the third quarter. Farther Finance Advisors LLC now owns 13,521 shares of the company’s stock valued at $78,000 after acquiring an additional 3,310 shares during the period. 29.87% of the stock is owned by institutional investors and hedge funds.

About QuantumScape

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.