QuantumScape (NYSE:QS) Trading Down 2% – Should You Sell?

Shares of QuantumScape Co. (NYSE:QS) fell 2% during trading on Monday . The company traded as low as $4.88 and last traded at $4.92. 3,519,866 shares traded hands during trading, a decline of 60% from the average session volume of 8,750,395 shares. The stock had previously closed at $5.02.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Truist Financial restated a “hold” rating and set a $7.00 price objective (up previously from $6.00) on shares of QuantumScape in a research report on Friday, October 25th. Wolfe Research started coverage on QuantumScape in a research note on Thursday, September 5th. They set an “underperform” rating for the company. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $6.00 price objective on shares of QuantumScape in a research note on Tuesday, September 10th. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat, QuantumScape presently has a consensus rating of “Hold” and a consensus target price of $6.14.

QuantumScape Stock Performance

The company has a quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.03. The stock’s 50-day moving average price is $5.52 and its 200 day moving average price is $5.78.

QuantumScape (NYSE:QS) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). During the same quarter in the previous year, the business earned ($0.23) earnings per share. Analysts anticipate that QuantumScape Co. will post -0.97 earnings per share for the current fiscal year.

Insider Activity

In other QuantumScape news, insider Michael O. Mccarthy III sold 50,575 shares of QuantumScape stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $5.99, for a total transaction of $302,944.25. Following the completion of the transaction, the insider now owns 1,184,745 shares in the company, valued at approximately $7,096,622.55. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other QuantumScape news, CTO Timothy Holme sold 44,306 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $6.11, for a total value of $270,709.66. Following the completion of the transaction, the chief technology officer now owns 1,168,496 shares in the company, valued at $7,139,510.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael O. Mccarthy III sold 50,575 shares of QuantumScape stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $5.99, for a total value of $302,944.25. Following the sale, the insider now owns 1,184,745 shares in the company, valued at $7,096,622.55. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 711,321 shares of company stock worth $4,138,097 in the last three months. Company insiders own 12.03% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC raised its stake in shares of QuantumScape by 6,650.0% in the third quarter. Nisa Investment Advisors LLC now owns 135,000 shares of the company’s stock valued at $776,000 after buying an additional 133,000 shares during the period. Canada Pension Plan Investment Board purchased a new stake in QuantumScape in the 2nd quarter worth about $1,950,000. Sanctuary Advisors LLC bought a new stake in QuantumScape in the 2nd quarter valued at about $680,000. Swiss National Bank lifted its holdings in QuantumScape by 9.3% during the first quarter. Swiss National Bank now owns 678,800 shares of the company’s stock valued at $4,270,000 after purchasing an additional 58,000 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in QuantumScape during the second quarter worth about $644,000. 29.87% of the stock is owned by 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.