QuantumScape (NYSE:QS) Stock Price Down 0.2% – Should You Sell?

QuantumScape Co. (NYSE:QS) dropped 0.2% during trading on Wednesday . The stock traded as low as $5.13 and last traded at $5.15. Approximately 2,229,893 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 8,870,018 shares. The stock had previously closed at $5.16.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on QS shares. Wolfe Research started coverage on shares of QuantumScape in a report on Thursday, September 5th. They set an “underperform” rating for the company. Hsbc Global Res upgraded shares of QuantumScape to a “hold” rating in a report on Tuesday, November 19th. Truist Financial restated a “hold” rating and set a $7.00 target price (up from $6.00) on shares of QuantumScape in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $6.00 price target on shares of QuantumScape in a report on Tuesday, September 10th. Finally, HSBC raised shares of QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price objective for the company in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $6.26.

QuantumScape Trading Up 1.0 %

The business’s 50-day moving average is $5.39 and its two-hundred day moving average is $5.74. The stock has a market capitalization of $2.67 billion, a PE ratio of -5.42 and a beta of 4.60. 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) 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) earnings per share. On average, analysts anticipate that QuantumScape Co. will post -0.99 earnings per share for the current fiscal year.

Insider Activity at QuantumScape

In other news, Director Jagdeep Singh sold 5,531 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $5.01, for a total transaction of $27,710.31. Following the completion of the transaction, the director now directly owns 2,590,583 shares of the company’s stock, valued at approximately $12,978,820.83. This represents a 0.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kevin Hettrich sold 58,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $5.78, for a total value of $335,240.00. Following the sale, the chief financial officer now owns 1,073,022 shares of the company’s stock, valued at $6,202,067.16. The trade was a 5.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 702,057 shares of company stock valued at $3,982,909 over the last three months. 12.03% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of QS. Signaturefd LLC grew its position in QuantumScape by 79.9% during the third quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock worth $28,000 after buying an additional 2,148 shares in the last quarter. International Assets Investment Management LLC boosted its stake in QuantumScape by 475.1% during the third quarter. International Assets Investment Management LLC now owns 5,118 shares of the company’s stock worth $29,000 after buying an additional 4,228 shares in the last quarter. CWM LLC raised its position in QuantumScape by 56.0% in the second quarter. CWM LLC now owns 7,124 shares of the company’s stock worth $35,000 after purchasing an additional 2,556 shares in the last quarter. Mather Group LLC. bought a new stake in shares of QuantumScape during the second quarter worth $36,000. Finally, Alaska Wealth Advisors bought a new position in shares of QuantumScape in the second quarter worth about $49,000. 29.87% of the stock is currently 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.