QuantumScape (NYSE:QS) Trading Up 0.4% (2024)

QuantumScape Co. (NYSE:QS - Get Free Report)'s share price was up 0.4% during mid-day trading on Monday . The company traded as high as $5.16 and last traded at $5.11. Approximately 798,400 shares were traded during trading, a decline of 90% from the average daily volume of 8,126,356 shares. The stock had previously closed at $5.09.

Analyst Upgrades and Downgrades

QS has been the subject of several research reports. UBS Group dropped their price target on shares of QuantumScape from $9.00 to $5.00 and set a "neutral" rating for the company in a research note on Thursday, April 25th. Truist Financial lowered their target price on QuantumScape from $8.00 to $6.00 and set a "hold" rating for the company in a research note on Monday, April 22nd. Two equities research 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 MarketBeat, the company has an average rating of "Hold" and an average price target of $6.67.

View Our Latest Stock Report on QS

QuantumScape Stock Performance

The firm has a market capitalization of $2.55 billion, a PE ratio of -5.31 and a beta of 4.69. The company's 50-day moving average price is $5.63 and its 200-day moving average price is $6.37. The company has a debt-to-equity ratio of 0.03, a quick ratio of 10.38 and a current ratio of 10.38.

QuantumScape (NYSE:QS - Get Free Report) 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). On average, sell-side analysts expect that QuantumScape Co. will post -0.9 earnings per share for the current year.

Insider Buying and Selling at QuantumScape

In related news, CFO Kevin Hettrich sold 34,607 shares of the stock in a transaction on Monday, April 8th. The shares were sold at an average price of $6.14, for a total value of $212,486.98. Following the transaction, the chief financial officer now directly owns 1,178,512 shares of the company's stock, valued at approximately $7,236,063.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Kevin Hettrich sold 34,607 shares of the company's stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $6.14, for a total value of $212,486.98. Following the completion of the sale, the chief financial officer now directly owns 1,178,512 shares of the company's stock, valued at approximately $7,236,063.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jagdeep Singh sold 192,270 shares of QuantumScape stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $5.35, for a total value of $1,028,644.50. Following the transaction, the director now directly 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 487,559 shares of company stock worth $2,752,186 over the last three months. Insiders own 10.18% of the company's stock.

Institutional Trading of QuantumScape

Large investors have recently bought and sold shares of the business. New York State Common Retirement Fund raised its position in QuantumScape by 0.6% during the 4th quarter. New York State Common Retirement Fund now owns 235,700 shares of the company's stock worth $1,638,000 after buying an additional 1,481 shares during the last quarter. Spire Wealth Management increased its stake in shares of QuantumScape by 39.0% during the fourth quarter. Spire Wealth Management now owns 5,350 shares of the company's stock worth $35,000 after acquiring an additional 1,500 shares during the period. Xponance Inc. increased its stake in shares of QuantumScape by 15.8% during the fourth quarter. Xponance Inc. now owns 12,050 shares of the company's stock worth $84,000 after acquiring an additional 1,640 shares during the period. C M Bidwell & Associates Ltd. raised its holdings in QuantumScape by 37.3% during the third quarter. C M Bidwell & Associates Ltd. now owns 6,754 shares of the company's stock worth $45,000 after purchasing an additional 1,835 shares in the last quarter. Finally, Baron Wealth Management LLC lifted its position in 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 purchasing an additional 2,000 shares during the period. Institutional investors and hedge funds own 29.87% of the company's stock.

QuantumScape Company Profile

(Get Free Report)

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.

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