QuantumScape (NYSE:QS) Trading 0.9% Higher – Time to Buy?

QuantumScape Co. (NYSE:QS)’s share price shot up 0.9% during trading on Thursday . The stock traded as high as $5.44 and last traded at $5.36. 3,301,066 shares were traded during mid-day trading, a decline of 84% from the average session volume of 20,179,680 shares. The stock had previously closed at $5.31.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Hsbc Global Res raised QuantumScape to a “hold” rating in a report on Tuesday, November 19th. Truist Financial reiterated 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. Finally, HSBC upgraded 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. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $6.26.

QuantumScape Trading Up 1.0 %

The stock has a market capitalization of $2.75 billion, a P/E ratio of -5.64 and a beta of 4.46. The company has a current ratio of 14.07, a quick ratio of 14.07 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $5.24 and a two-hundred day moving average price of $5.70.

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

Insider Activity at QuantumScape

In other QuantumScape news, Director Jagdeep Singh sold 308,097 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $5.30, for a total transaction of $1,632,914.10. Following the sale, the director now owns 2,563,767 shares of the company’s stock, valued at approximately $13,587,965.10. The trade was a 10.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Kevin Hettrich sold 55,647 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $5.05, for a total value of $281,017.35. Following the completion of the transaction, the chief financial officer now owns 1,022,743 shares of the company’s stock, valued at $5,164,852.15. The trade was a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 536,460 shares of company stock valued at $2,903,619 over the last ninety days. 12.03% of the stock is owned by corporate insiders.

Institutional Trading of QuantumScape

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Guardian Investment Management boosted its position in QuantumScape by 158.6% during the 4th quarter. Guardian Investment Management now owns 12,490 shares of the company’s stock worth $65,000 after buying an additional 7,660 shares during the period. 180 Wealth Advisors LLC lifted its holdings in shares of QuantumScape by 13.3% during the fourth quarter. 180 Wealth Advisors LLC now owns 112,168 shares of the company’s stock worth $582,000 after purchasing an additional 13,177 shares during the period. Sanctuary Advisors LLC grew its stake in shares of QuantumScape by 28.2% in the third quarter. Sanctuary Advisors LLC now owns 161,781 shares of the company’s stock worth $930,000 after purchasing an additional 35,579 shares during the last quarter. Virtu Financial LLC acquired a new stake in QuantumScape in the third quarter valued at $235,000. Finally, Barclays PLC raised its position in QuantumScape by 326.5% during the 3rd quarter. Barclays PLC now owns 104,333 shares of the company’s stock worth $599,000 after purchasing an additional 79,871 shares during the last quarter. 29.87% of the stock is currently 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.