QuantumScape (NYSE:QS) Shares Up 4.9% – What’s Next?

Shares of QuantumScape Co. (NYSE:QS) were up 4.9% on Friday . The stock traded as high as $5.87 and last traded at $5.81. 7,313,977 shares were traded during trading, a decline of 42% from the average daily volume of 12,596,814 shares. The stock had previously closed at $5.54.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on QS shares. HSBC raised shares of QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 target price for the company in a research report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $6.00 price target on shares of QuantumScape in a research report on Tuesday, September 10th. Wolfe Research began coverage on shares of QuantumScape in a report on Thursday, September 5th. They issued an “underperform” rating on the stock. Hsbc Global Res upgraded QuantumScape to a “hold” rating in a research report on Tuesday, November 19th. Finally, Truist Financial reissued a “hold” rating and issued a $7.00 price target (up from $6.00) on shares of QuantumScape in a 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $6.26.

QuantumScape Trading Up 7.9 %

The stock’s fifty day simple moving average is $5.17 and its 200 day simple moving average is $5.64. The firm has a market capitalization of $3.06 billion, a PE ratio of -6.29 and a beta of 4.50. The company has a quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.03.

QuantumScape (NYSE:QS) last announced its quarterly earnings data 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 last year, the firm earned ($0.23) EPS. On average, sell-side analysts predict that QuantumScape Co. will post -0.99 earnings per share for the current year.

Insider Buying and Selling at QuantumScape

In other QuantumScape news, insider Mohit Singh sold 97,305 shares of the stock in a transaction dated 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 owns 1,092,020 shares of the company’s stock, valued at $6,814,204.80. This trade represents a 8.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jagdeep Singh sold 192,270 shares of the firm’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $5.53, for a total value of $1,063,253.10. Following the completion of the sale, the director now owns 2,590,583 shares in the company, valued at approximately $14,325,923.99. This represents a 6.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 763,337 shares of company stock worth $4,156,865. 12.03% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Canada Pension Plan Investment Board acquired a new position in QuantumScape in the 2nd quarter valued at about $1,950,000. American Century Companies Inc. boosted its position in QuantumScape by 880.6% during the 2nd quarter. American Century Companies Inc. now owns 352,286 shares of the company’s stock worth $1,733,000 after purchasing an additional 316,361 shares during the period. Geode Capital Management LLC boosted its stake in QuantumScape by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 5,853,958 shares of the company’s stock valued at $33,671,000 after acquiring an additional 218,743 shares during the last quarter. Weiss Asset Management LP acquired a new position in QuantumScape during the 3rd quarter worth $828,000. Finally, Nisa Investment Advisors LLC raised its stake in shares of QuantumScape by 6,650.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 135,000 shares of the company’s stock valued at $776,000 after purchasing an additional 133,000 shares in the last quarter. Hedge funds and other 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.