QuantumScape (NYSE:QS) Stock Price Down 3% – Time to Sell?

QuantumScape Co. (NYSE:QSGet Free Report) shares traded down 3% on Thursday . The company traded as low as $5.14 and last traded at $5.16. 3,688,034 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 8,687,094 shares. The stock had previously closed at $5.32.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Wolfe Research assumed coverage on shares of QuantumScape in a research note on Thursday, September 5th. They issued an “underperform” rating on the stock. Truist Financial reaffirmed 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. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $6.00 price target on shares of QuantumScape in a research note on Tuesday, September 10th. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $6.14.

Check Out Our Latest Stock Report on QuantumScape

QuantumScape Stock Performance

The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of -5.43 and a beta of 4.58. The stock’s fifty day moving average is $5.66 and its two-hundred day moving average is $5.80. The company has a quick ratio of 8.66, a current ratio of 8.66 and a debt-to-equity ratio of 0.03.

QuantumScape (NYSE:QSGet Free Report) last released its quarterly earnings data 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 quarter in the previous year, the business posted ($0.23) EPS. On average, analysts predict that QuantumScape Co. will post -0.9 earnings per share for the current year.

Insider Buying and Selling at QuantumScape

In other news, insider Michael O. Mccarthy III sold 50,575 shares of the business’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 sale, the insider now owns 1,184,745 shares of the company’s stock, valued at approximately $7,096,622.55. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Jagdeep Singh sold 192,270 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $5.50, for a total transaction of $1,057,485.00. Following the completion of the sale, the director now owns 2,809,253 shares of the company’s stock, valued at $15,450,891.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael O. Mccarthy III sold 50,575 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $5.99, for a total transaction of $302,944.25. Following the sale, the insider now directly owns 1,184,745 shares of the company’s stock, valued at $7,096,622.55. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 903,591 shares of company stock worth $5,195,582 over the last ninety days. 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 the company. Signaturefd LLC lifted its holdings in shares of QuantumScape by 79.9% in the third quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock worth $28,000 after acquiring an additional 2,148 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of QuantumScape by 475.1% in the third quarter. International Assets Investment Management LLC now owns 5,118 shares of the company’s stock worth $29,000 after acquiring an additional 4,228 shares during the last quarter. CWM LLC lifted its holdings 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. bought a new position in shares of QuantumScape in the second quarter worth about $36,000. Finally, Alaska Wealth Advisors bought a new position in shares of QuantumScape in the second quarter worth about $49,000. Institutional investors own 29.87% of the company’s stock.

QuantumScape Company Profile

(Get Free Report)

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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