QuantumScape (NYSE:QS) Trading Down 0.2%

QuantumScape Co. (NYSE:QS) shares dropped 0.2% during mid-day trading on Tuesday . The stock traded as low as $4.85 and last traded at $4.86. Approximately 970,543 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 7,904,334 shares. The stock had previously closed at $4.87.

Wall Street Analyst Weigh In

Several analysts recently weighed in on QS shares. Truist Financial reduced their target price on shares of QuantumScape from $8.00 to $6.00 and set a “hold” rating on the stock in a report on Monday, April 22nd. UBS Group reduced their price objective on shares of QuantumScape from $9.00 to $5.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $6.67.

QuantumScape Stock Up 5.0 %

The firm’s fifty day moving average price is $5.46 and its 200-day moving average price is $6.21. The company has a debt-to-equity ratio of 0.03, a current ratio of 10.38 and a quick ratio of 10.38.

QuantumScape (NYSE:QS) last released its quarterly earnings data on Wednesday, April 24th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.02). As a group, research analysts expect that QuantumScape Co. will post -0.89 earnings per share for the current year.

Insider Buying and Selling

In other QuantumScape news, Director Fritz Prinz sold 25,816 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $4.87, for a total value of $125,723.92. Following the completion of the sale, the director now owns 267,011 shares in the company, valued at $1,300,343.57. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Fritz Prinz sold 25,816 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $4.87, for a total value of $125,723.92. Following the completion of the sale, the director now directly owns 267,011 shares of the company’s stock, valued at $1,300,343.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jagdeep Singh sold 192,270 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $5.35, for a total value of $1,028,644.50. Following the completion of the transaction, the director now owns 2,809,253 shares in the company, valued at approximately $15,029,503.55. The disclosure for this sale can be found here. Insiders have sold 516,675 shares of company stock worth $2,894,443 in the last quarter. 10.18% of the stock is owned by insiders.

Hedge Funds Weigh In On QuantumScape

Several institutional investors have recently bought and sold shares of QS. New York State Common Retirement Fund increased its stake in shares of QuantumScape by 0.6% during the fourth quarter. New York State Common Retirement Fund now owns 235,700 shares of the company’s stock worth $1,638,000 after acquiring an additional 1,481 shares during the period. Spire Wealth Management raised its stake in shares of QuantumScape by 39.0% during the 4th quarter. Spire Wealth Management now owns 5,350 shares of the company’s stock worth $35,000 after buying an additional 1,500 shares in the last quarter. Xponance Inc. lifted its holdings in shares of QuantumScape by 15.8% in the 4th quarter. Xponance Inc. now owns 12,050 shares of the company’s stock valued at $84,000 after buying an additional 1,640 shares during the period. Baron Wealth Management LLC boosted its stake in shares of QuantumScape by 19.1% in the fourth quarter. Baron Wealth Management LLC now owns 12,446 shares of the company’s stock valued at $86,000 after buying an additional 2,000 shares in the last quarter. Finally, HBK Sorce Advisory LLC grew its holdings in QuantumScape by 11.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 21,551 shares of the company’s stock worth $150,000 after acquiring an additional 2,264 shares during the period. 29.87% of the stock is owned by institutional investors and hedge funds.

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.