QuantumScape (NYSE:QS) Stock Price Up 8.2% – Time to Buy?

Shares of QuantumScape Co. (NYSE:QS) were up 8.2% during trading on Friday . The stock traded as high as $5.15 and last traded at $5.12. Approximately 8,523,557 shares were traded during trading, a decline of 9% from the average daily volume of 9,358,702 shares. The stock had previously closed at $4.73.

Wall Street Analysts Forecast Growth

QS has been the topic of a number of research analyst reports. Hsbc Global Res raised shares of QuantumScape to a “hold” rating in a research report on Tuesday, November 19th. HSBC raised shares of QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price target on the stock in a research note on Tuesday, November 19th. Wolfe Research initiated coverage on QuantumScape in a research report on Thursday, September 5th. They set an “underperform” rating for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $6.00 price target on shares of QuantumScape in a research note on Tuesday, September 10th. Finally, Truist Financial reissued a “hold” rating and issued a $7.00 price target (up previously from $6.00) on shares of QuantumScape in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $6.26.

QuantumScape Trading Up 6.1 %

The company has a market capitalization of $2.57 billion, a P/E ratio of -5.28 and a beta of 4.50. The company has a fifty day simple moving average of $5.17 and a two-hundred day simple moving average of $5.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07.

QuantumScape (NYSE:QS) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). During the same quarter last year, the company earned ($0.23) earnings per share. On average, analysts forecast that QuantumScape Co. will post -0.99 earnings per share for the current fiscal year.

Insider Transactions at QuantumScape

In related news, Director Jagdeep Singh sold 308,097 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $5.30, for a total value of $1,632,914.10. Following the completion of the sale, the director now owns 2,563,767 shares in the company, valued at approximately $13,587,965.10. This trade represents a 10.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael O. Mccarthy III sold 27,305 shares of QuantumScape stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $5.07, for a total value of $138,436.35. Following the sale, the insider now directly owns 1,129,167 shares in the company, valued at $5,724,876.69. The trade was a 2.36 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 666,032 shares of company stock worth $3,549,682. Company insiders own 12.03% of the company’s stock.

Institutional Investors Weigh In On QuantumScape

Several institutional investors and hedge funds have recently bought and sold shares of QS. Signaturefd LLC boosted its position in shares of QuantumScape by 79.9% during the 3rd quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock valued at $28,000 after acquiring an additional 2,148 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of QuantumScape by 475.1% in the 3rd quarter. International Assets Investment Management LLC now owns 5,118 shares of the company’s stock valued at $29,000 after purchasing an additional 4,228 shares during the period. Centaurus Financial Inc. acquired a new position in shares of QuantumScape in the 2nd quarter worth approximately $52,000. Financial Advocates Investment Management bought a new position in shares of QuantumScape during the 2nd quarter worth approximately $58,000. Finally, Atom Investors LP acquired a new stake in QuantumScape in the 3rd quarter valued at $60,000. 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.