QuantumScape (NYSE:QS) Stock Price Up 4.9%

QuantumScape Co. (NYSE:QS) rose 4.9% during trading on Friday . The company traded as high as $5.43 and last traded at $5.35. Approximately 3,087,051 shares traded hands during trading, a decline of 67% from the average daily volume of 9,322,381 shares. The stock had previously closed at $5.10.

Analyst Upgrades and Downgrades

QS has been the topic of a number of analyst reports. Truist Financial dropped their price objective on shares of QuantumScape from $8.00 to $6.00 and set a “hold” rating on the stock in a research note on Monday, April 22nd. UBS Group dropped their price objective on shares of QuantumScape from $9.00 to $5.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Robert W. Baird raised their price objective on shares of QuantumScape from $5.00 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, QuantumScape currently has an average rating of “Hold” and a consensus target price of $6.30.

QuantumScape Stock Up 5.7 %

The business’s 50 day moving average is $5.93 and its 200-day moving average is $6.42. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of -5.61 and a beta of 4.76. The company has a debt-to-equity ratio of 0.03, a quick ratio of 18.98 and a current ratio of 18.98.

QuantumScape (NYSE:QS) last announced its quarterly earnings data on Wednesday, February 14th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.04). During the same quarter in the prior year, the firm posted ($0.25) earnings per share. On average, sell-side analysts predict that QuantumScape Co. will post -0.93 EPS for the current fiscal year.

Insider Buying and Selling at QuantumScape

In other QuantumScape news, CFO Kevin Hettrich sold 34,607 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $6.54, for a total value of $226,329.78. Following the transaction, the chief financial officer now owns 554,553 shares in the company, valued at approximately $3,626,776.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other QuantumScape news, CFO Kevin Hettrich sold 34,607 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $6.54, for a total value of $226,329.78. Following the transaction, the chief financial officer now owns 554,553 shares in the company, valued at approximately $3,626,776.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael O. Mccarthy III sold 21,840 shares of QuantumScape stock in a transaction on Monday, February 26th. The stock was sold at an average price of $6.17, for a total value of $134,752.80. Following the transaction, the insider now owns 731,629 shares in the company, valued at approximately $4,514,150.93. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 194,970 shares of company stock worth $1,250,775. Corporate insiders own 10.18% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Citigroup Inc. boosted its position in shares of QuantumScape by 97.7% during the 3rd quarter. Citigroup Inc. now owns 105,065 shares of the company’s stock valued at $703,000 after acquiring an additional 51,934 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC boosted its position in shares of QuantumScape by 34.5% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 11,160 shares of the company’s stock valued at $77,000 after acquiring an additional 2,861 shares during the last quarter. Scotia Capital Inc. acquired a new position in QuantumScape in the third quarter valued at about $95,000. HBK Sorce Advisory LLC lifted its position in QuantumScape by 11.7% in the fourth quarter. HBK Sorce Advisory LLC now owns 21,551 shares of the company’s stock valued at $150,000 after buying an additional 2,264 shares during the last quarter. Finally, Simplicity Solutions LLC acquired a new position in QuantumScape in the fourth quarter valued at about $719,000. Institutional investors and hedge funds own 29.87% of the company’s stock.

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.