QuantumScape (NYSE:QS) Sees Large Volume Increase – What’s Next?

Shares of QuantumScape Co. (NYSE:QS) saw an uptick in trading volume on Thursday . 4,444,048 shares traded hands during mid-day trading, a decline of 53% from the previous session’s volume of 9,411,777 shares.The stock last traded at $5.63 and had previously closed at $5.37.

Analysts Set New Price Targets

Several research firms have commented on QS. Hsbc Global Res raised QuantumScape to a “hold” rating in a report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $6.00 target price on shares of QuantumScape in a research report on Tuesday, September 10th. HSBC raised shares of QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price target on the stock in a report on Tuesday, November 19th. Wolfe Research started coverage on shares of QuantumScape in a research report on Thursday, September 5th. They set an “underperform” rating on the stock. Finally, Truist Financial reissued a “hold” rating and issued a $7.00 price target (up previously from $6.00) on shares of QuantumScape in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.26.

QuantumScape Price Performance

The company’s fifty day moving average is $5.15 and its two-hundred day moving average is $5.64. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of -6.28 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 released 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 company posted ($0.23) earnings per share. Equities research analysts anticipate that QuantumScape Co. will post -0.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Fritz Prinz sold 12,908 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $5.04, for a total transaction of $65,056.32. Following the completion of the transaction, the director now directly owns 241,195 shares in the company, valued at approximately $1,215,622.80. This trade represents a 5.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jagdeep Singh sold 5,531 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $5.01, for a total value of $27,710.31. Following the completion of the sale, the director now owns 2,590,583 shares in the company, valued at $12,978,820.83. The trade was a 0.21 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 666,032 shares of company stock valued at $3,549,682. 12.03% of the stock is owned by company insiders.

Institutional Investors Weigh In On QuantumScape

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC raised its holdings 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 acquiring an additional 2,148 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of QuantumScape by 475.1% during the 3rd quarter. International Assets Investment Management LLC now owns 5,118 shares of the company’s stock worth $29,000 after purchasing an additional 4,228 shares in the last quarter. Centaurus Financial Inc. bought a new position in shares of QuantumScape in the second quarter valued at $52,000. Financial Advocates Investment Management bought a new stake in QuantumScape during the second quarter worth $58,000. Finally, Atom Investors LP bought a new stake in shares of QuantumScape in the 3rd quarter valued at about $60,000. 29.87% of the stock is owned by institutional investors.

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.