QuantumScape (NYSE:QS) Trading Down 1.5% – Should You Sell?

QuantumScape Co. (NYSE:QS) shares were down 1.5% during mid-day trading on Tuesday . The stock traded as low as $5.29 and last traded at $5.31. Approximately 4,438,646 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 20,585,576 shares. The stock had previously closed at $5.39.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on QS shares. Hsbc Global Res upgraded shares of QuantumScape to a “hold” rating in a report on Tuesday, November 19th. Truist Financial reaffirmed a “hold” rating and set a $7.00 target price (up from $6.00) on shares of QuantumScape in a research report on Friday, October 25th. Finally, HSBC upgraded QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price target for the company in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $6.26.

QuantumScape Stock Down 0.8 %

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 company has a market cap of $2.70 billion, a price-to-earnings ratio of -5.54 and a beta of 4.46. The business has a fifty day moving average price of $5.24 and a two-hundred day moving average price of $5.70.

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

Insider Transactions at QuantumScape

In related news, Director Jagdeep Singh sold 308,097 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $5.30, for a total value of $1,632,914.10. Following the transaction, the director now directly owns 2,563,767 shares of the company’s stock, valued at approximately $13,587,965.10. This trade represents a 10.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mohit Singh sold 97,305 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $6.24, for a total value of $607,183.20. Following the sale, the insider now directly owns 1,092,020 shares of the company’s stock, valued at $6,814,204.80. The trade was a 8.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 536,460 shares of company stock valued at $2,903,619 in the last three months. Corporate insiders own 12.03% of the company’s stock.

Hedge Funds Weigh In On QuantumScape

Institutional investors have recently modified their holdings of the company. Signaturefd LLC grew its stake in QuantumScape by 79.9% in the 3rd quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock valued at $28,000 after buying an additional 2,148 shares during the last quarter. International Assets Investment Management LLC grew its position 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 valued at $29,000 after purchasing an additional 4,228 shares during the last quarter. Centaurus Financial Inc. acquired a new stake in shares of QuantumScape in the second quarter valued at about $52,000. Atom Investors LP bought a new position in shares of QuantumScape in the third quarter worth about $60,000. Finally, Nwam LLC acquired a new position in shares of QuantumScape during the 3rd quarter worth about $64,000. Institutional investors own 29.87% of the company’s stock.

About QuantumScape

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.