QuantumScape Co. (NYSE:QS – Get Free Report) insider Michael O. Mccarthy III sold 106,084 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $5.90, for a total transaction of $625,895.60. Following the completion of the transaction, the insider now owns 1,181,884 shares of the company’s stock, valued at approximately $6,973,115.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
QuantumScape Trading Down 1.3 %
Shares of NYSE QS traded down $0.08 during midday trading on Monday, reaching $5.87. 3,039,573 shares of the stock were exchanged, compared to its average volume of 8,749,158. The stock has a 50 day moving average price of $6.33 and a 200-day moving average price of $5.88. The company has a current ratio of 8.66, a quick ratio of 8.66 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $2.93 billion, a P/E ratio of -6.17 and a beta of 4.59. QuantumScape Co. has a 52-week low of $4.67 and a 52-week high of $10.03.
QuantumScape (NYSE:QS – Get Free Report) last released its earnings results on Wednesday, July 24th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.03). During the same period in the previous year, the firm earned ($0.26) EPS. Equities research analysts expect that QuantumScape Co. will post -0.9 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
View Our Latest Research Report on QS
Institutional Investors Weigh In On QuantumScape
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC boosted its position in shares of QuantumScape by 56.0% in the second quarter. CWM LLC now owns 7,124 shares of the company’s stock worth $35,000 after acquiring an additional 2,556 shares during the last quarter. Mather Group LLC. acquired a new position in shares of QuantumScape in the 2nd quarter valued at $36,000. Alaska Wealth Advisors acquired a new position in shares of QuantumScape in the 2nd quarter valued at $49,000. StepStone Group LP acquired a new stake in shares of QuantumScape during the 4th quarter worth $56,000. Finally, Financial Advocates Investment Management purchased a new position in shares of QuantumScape in the 2nd quarter worth $58,000. 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.
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