QuantumScape (NYSE:QS) Shares Up 4.3% – Time to Buy?

QuantumScape Co. (NYSE:QS)’s share price traded up 4.3% on Friday . The company traded as high as $5.57 and last traded at $5.43. 5,339,938 shares traded hands during trading, a decline of 66% from the average session volume of 15,790,875 shares. The stock had previously closed at $5.20.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. HSBC raised shares of QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 target price on the stock in a report on Tuesday, November 19th. Truist Financial reaffirmed a “hold” rating and set a $7.00 target price (up previously from $6.00) on shares of QuantumScape in a report on Friday, October 25th. Finally, Hsbc Global Res raised shares of QuantumScape to a “hold” rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $6.26.

QuantumScape Stock Down 0.8 %

The stock’s fifty day moving average price is $5.29 and its 200 day moving average price is $5.66. The stock has a market cap of $2.64 billion, a P/E ratio of -5.42 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.

Insider Transactions at QuantumScape

In other QuantumScape news, CFO Kevin Hettrich sold 36,949 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $5.06, for a total transaction of $186,961.94. Following the completion of the sale, the chief financial officer now owns 1,024,325 shares of the company’s stock, valued at $5,183,084.50. This represents a 3.48 % decrease in their position. 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 stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $5.01, for a total transaction of $27,710.31. Following the sale, the director now directly owns 2,590,583 shares of the company’s stock, 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. Insiders have sold 573,409 shares of company stock valued at $3,090,581 in the last quarter. Insiders own 12.03% of the company’s stock.

Institutional Investors Weigh In On QuantumScape

Institutional investors have recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new stake in QuantumScape during the 4th quarter valued at $26,000. Signaturefd LLC boosted its position in QuantumScape by 79.9% during 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 position in QuantumScape by 475.1% during the 3rd quarter. International Assets Investment Management LLC now owns 5,118 shares of the company’s stock valued at $29,000 after buying an additional 4,228 shares during the period. Blue Trust Inc. lifted its position in shares of QuantumScape by 208.8% in the 4th quarter. Blue Trust Inc. now owns 6,738 shares of the company’s stock worth $39,000 after purchasing an additional 4,556 shares during the period. Finally, Centaurus Financial Inc. purchased a new stake in shares of QuantumScape in the 2nd quarter worth about $52,000. Hedge funds and other institutional investors own 29.87% of the company’s stock.

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.