QuantumScape (NYSE:QS) Stock Price Down 2.1% – Time to Sell?

Shares of QuantumScape Co. (NYSE:QS) were down 2.1% during trading on Tuesday . The company traded as low as $4.93 and last traded at $4.97. Approximately 2,964,473 shares changed hands during trading, a decline of 83% from the average daily volume of 16,958,639 shares. The stock had previously closed at $5.07.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on QS. HSBC raised QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price objective for the company in a report on Tuesday, November 19th. Hsbc Global Res raised shares of QuantumScape to a “hold” rating in a report on Tuesday, November 19th. Finally, Truist Financial reissued 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. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat, QuantumScape presently has an average rating of “Hold” and a consensus price target of $6.26.

QuantumScape Stock Up 2.1 %

The firm has a market cap of $2.67 billion, a P/E ratio of -5.48 and a beta of 4.46. The business has a fifty day moving average of $5.29 and a 200 day moving average of $5.66. The company has a quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.03.

Insider Activity

In other news, CFO Kevin Hettrich sold 55,647 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $5.05, for a total transaction of $281,017.35. Following the sale, the chief financial officer now directly owns 1,022,743 shares in the company, valued at approximately $5,164,852.15. The trade was a 5.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jagdeep Singh sold 5,531 shares of the stock in a transaction 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 sale, the director now owns 2,590,583 shares of the company’s stock, valued at approximately $12,978,820.83. This trade represents a 0.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 573,409 shares of company stock valued at $3,090,581 over the last ninety days. 12.03% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of QS. Heck Capital Advisors LLC purchased a new position in shares of QuantumScape during the fourth quarter worth about $26,000. Signaturefd LLC raised its stake in shares of QuantumScape by 79.9% during the 3rd quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock worth $28,000 after buying an additional 2,148 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of QuantumScape by 475.1% in the third quarter. International Assets Investment Management LLC now owns 5,118 shares of the company’s stock valued at $29,000 after purchasing an additional 4,228 shares during the last quarter. Blue Trust Inc. lifted its stake in QuantumScape by 208.8% in the 4th quarter. Blue Trust Inc. now owns 6,738 shares of the company’s stock valued at $39,000 after buying an additional 4,556 shares in the last quarter. Finally, Centaurus Financial Inc. acquired a new position in QuantumScape in the 2nd quarter valued at about $52,000. 29.87% of the stock is owned by hedge funds and other 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.