Shares of QuantumScape Co. (NYSE:QS – Get Free Report) hit a new 52-week low during trading on Thursday after UBS Group lowered their price target on the stock from $9.00 to $5.00. UBS Group currently has a neutral rating on the stock. QuantumScape traded as low as $4.97 and last traded at $5.04, with a volume of 4395625 shares trading hands. The stock had previously closed at $5.48.
QS has been the subject of a number of other reports. Truist Financial cut their price objective on shares of QuantumScape from $8.00 to $6.00 and set a “hold” rating for the company in a report on Monday, April 22nd. Robert W. Baird raised their target price on shares of QuantumScape from $5.00 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $6.30.
View Our Latest Analysis on QuantumScape
Insiders Place Their Bets
Institutional Trading of QuantumScape
Institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC grew its stake in QuantumScape by 31.1% in the third quarter. CWM LLC now owns 7,555 shares of the company’s stock worth $51,000 after purchasing an additional 1,794 shares in the last quarter. AE Wealth Management LLC purchased a new position in shares of QuantumScape during the third quarter valued at $74,000. SG Americas Securities LLC increased its stake in shares of QuantumScape by 67.8% during the third quarter. SG Americas Securities LLC now owns 67,842 shares of the company’s stock valued at $454,000 after buying an additional 27,412 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of QuantumScape by 5.7% in the third quarter. Commonwealth Equity Services LLC now owns 357,782 shares of the company’s stock valued at $2,394,000 after acquiring an additional 19,431 shares in the last quarter. Finally, Armor Investment Advisors LLC lifted its stake in QuantumScape by 10.6% in the third quarter. Armor Investment Advisors LLC now owns 44,740 shares of the company’s stock worth $299,000 after acquiring an additional 4,303 shares during the period. Institutional investors own 29.87% of the company’s stock.
QuantumScape Trading Up 5.6 %
The company has a debt-to-equity ratio of 0.03, a quick ratio of 18.98 and a current ratio of 18.98. The company has a market capitalization of $2.67 billion, a P/E ratio of -5.61 and a beta of 4.76. The company’s fifty day simple moving average is $5.93 and its 200-day simple moving average is $6.42.
QuantumScape (NYSE:QS – Get Free Report) last released its quarterly earnings data on Wednesday, February 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.04). During the same quarter in the previous year, the company posted ($0.25) EPS. Research analysts predict that QuantumScape Co. will post -0.93 earnings per share for the current year.
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.
Further Reading
- Five stocks we like better than QuantumScape
- What Does Downgrade Mean in Investing?
- 3 Stocks Leading the U.S. Agriculture Comeback
- The Significance of Brokerage Rankings in Stock Selection
- How to Use Put Debit Spreads to Profit From Falling Stocks
- When to Sell a Stock for Profit or Loss
- Alphabet Changes the Narrative with Its First-Ever Dividend
Receive News & Ratings for QuantumScape Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QuantumScape and related companies with MarketBeat.com's FREE daily email newsletter.