QuantumScape (NYSE:QS) Trading Down 0.9% – Should You Sell?

Shares of QuantumScape Co. (NYSE:QS) were down 0.9% during mid-day trading on Tuesday . The company traded as low as $6.30 and last traded at $6.52. Approximately 11,835,812 shares were traded during trading, a decline of 47% from the average daily volume of 22,245,848 shares. The stock had previously closed at $6.58.

Analyst Ratings Changes

A number of brokerages have recently issued reports on QS. Hsbc Global Res raised shares of QuantumScape to a “hold” rating in a report on Tuesday, November 19th. HSBC raised shares of QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price target for the company in a research note on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $6.00 price objective on shares of QuantumScape in a report on Tuesday, September 10th. Finally, Truist Financial reaffirmed a “hold” rating and set a $7.00 price objective (up from $6.00) on shares of QuantumScape in a research note 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. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $6.26.

QuantumScape Price Performance

The company has a market cap of $3.30 billion, a P/E ratio of -6.78 and a beta of 4.46. The company has a current ratio of 14.07, a quick ratio of 14.07 and a debt-to-equity ratio of 0.03. The firm has a 50 day moving average of $5.18 and a 200-day moving average of $5.67.

QuantumScape (NYSE:QS) last announced its quarterly earnings results 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 in the previous year, the company earned ($0.23) EPS. On average, equities research analysts predict that QuantumScape Co. will post -0.99 EPS for the current year.

Insider Transactions at QuantumScape

In related news, insider Mohit Singh sold 97,305 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $6.24, for a total value of $607,183.20. Following the completion of the transaction, the insider now owns 1,092,020 shares of the company’s stock, valued at $6,814,204.80. The trade was a 8.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jagdeep Singh sold 5,531 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $5.01, for a total value of $27,710.31. Following the sale, the director now directly owns 2,590,583 shares in the company, valued at approximately $12,978,820.83. The trade was a 0.21 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 571,067 shares of company stock worth $3,093,612. 12.03% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of QS. Signaturefd LLC lifted its holdings in shares of QuantumScape by 79.9% in the 3rd quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock valued at $28,000 after buying an additional 2,148 shares during the period. International Assets Investment Management LLC boosted its holdings 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. Atom Investors LP acquired a new stake in QuantumScape during the third quarter valued at $60,000. Centaurus Financial Inc. purchased a new position in QuantumScape in the second quarter valued at $52,000. Finally, Nwam LLC acquired a new position in shares of QuantumScape in the third quarter worth about $64,000. 29.87% of the stock is currently owned by hedge funds and other institutional investors.

QuantumScape Company Profile

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.