QuantumScape (NYSE:QS) Trading Down 1.1% – Should You Sell?

Shares of QuantumScape Co. (NYSE:QS) traded down 1.1% during trading on Wednesday . The company traded as low as $5.04 and last traded at $5.08. 2,687,002 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 16,469,477 shares. The stock had previously closed at $5.13.

Analysts Set New Price Targets

A number of analysts have commented on the stock. HSBC upgraded shares of QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price objective for the company in a report on Tuesday, November 19th. Hsbc Global Res raised shares of QuantumScape to a “hold” rating in a research report on Tuesday, November 19th. Finally, Truist Financial reaffirmed a “hold” rating and set a $7.00 price objective (up from $6.00) on shares of QuantumScape in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.26.

QuantumScape Trading Down 1.1 %

The stock has a market cap of $2.60 billion, a PE ratio of -5.36 and a beta of 4.46. The company has a quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.03. The business’s fifty day moving average is $5.29 and its 200 day moving average is $5.67.

Insider Activity at QuantumScape

In other news, Director Fritz Prinz sold 12,908 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $5.04, for a total value of $65,056.32. Following the completion of the sale, the director now owns 241,195 shares of the company’s stock, valued at $1,215,622.80. This represents a 5.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kevin Hettrich sold 55,647 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $5.05, for a total transaction of $281,017.35. Following the completion of the sale, the chief financial officer now directly 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 536,460 shares of company stock valued at $2,903,619. Company insiders own 12.03% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV bought a new position in shares of QuantumScape in the 2nd quarter worth about $68,000. Vanguard Personalized Indexing Management LLC lifted its position in shares of QuantumScape by 41.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 25,877 shares of the company’s stock worth $127,000 after buying an additional 7,624 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of QuantumScape by 36.0% in the 2nd quarter. Hsbc Holdings PLC now owns 16,737 shares of the company’s stock worth $82,000 after buying an additional 4,433 shares during the last quarter. Sei Investments Co. lifted its position in shares of QuantumScape by 80.8% in the 2nd quarter. Sei Investments Co. now owns 20,533 shares of the company’s stock worth $101,000 after buying an additional 9,176 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of QuantumScape by 4.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 83,867 shares of the company’s stock worth $413,000 after buying an additional 3,527 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.