QuantumScape (NYSE:QS) Trading Up 0.6% – Should You Buy?

Shares of QuantumScape Co. (NYSE:QS) shot up 0.6% during mid-day trading on Thursday . The company traded as high as $5.00 and last traded at $4.91. 2,867,992 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 8,819,025 shares. The stock had previously closed at $4.88.

Analyst Ratings Changes

QS has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $6.00 target price on shares of QuantumScape in a research report on Tuesday, September 10th. Wolfe Research started coverage on QuantumScape in a report on Thursday, September 5th. They issued an “underperform” rating for the company. Finally, Truist Financial restated a “hold” rating and set a $7.00 target price (up previously from $6.00) on shares of QuantumScape in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $6.14.

QuantumScape Stock Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07. The company has a market cap of $2.58 billion, a price-to-earnings ratio of -5.17 and a beta of 4.60. The stock has a 50-day moving average price of $5.51 and a 200 day moving average price of $5.77.

QuantumScape (NYSE:QS) last announced its earnings results on Wednesday, October 23rd. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.02). During the same period in the previous year, the business posted ($0.23) EPS. As a group, analysts anticipate that QuantumScape Co. will post -0.97 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Kevin Hettrich sold 34,607 shares of QuantumScape stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $5.49, for a total value of $189,992.43. Following the sale, the chief financial officer now owns 1,073,022 shares of the company’s stock, valued at approximately $5,890,890.78. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other QuantumScape news, CFO Kevin Hettrich sold 34,607 shares of the business’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $5.49, for a total transaction of $189,992.43. Following the sale, the chief financial officer now directly owns 1,073,022 shares of the company’s stock, valued at $5,890,890.78. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael O. Mccarthy III sold 50,575 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $5.99, for a total value of $302,944.25. Following the completion of the transaction, the insider now owns 1,184,745 shares of the company’s stock, valued at $7,096,622.55. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 711,321 shares of company stock valued at $4,138,097. Company insiders own 12.03% of the company’s stock.

Institutional Trading of QuantumScape

Several institutional investors and hedge funds have recently added to or reduced their stakes in QS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of QuantumScape by 8.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,180,002 shares of the company’s stock worth $6,785,000 after buying an additional 94,103 shares during the period. FMR LLC lifted its position in QuantumScape by 74.9% during the third quarter. FMR LLC now owns 14,070 shares of the company’s stock worth $81,000 after acquiring an additional 6,026 shares during the last quarter. Nwam LLC bought a new stake in shares of QuantumScape during the third quarter worth approximately $64,000. Charles Schwab Investment Management Inc. grew its position in shares of QuantumScape by 4.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,227,072 shares of the company’s stock valued at $12,806,000 after purchasing an additional 93,826 shares during the last quarter. Finally, Moors & Cabot Inc. bought a new position in shares of QuantumScape during the third quarter worth approximately $80,000. 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.