QuantumScape (NYSE:QS) Stock Price Down 3% – What’s Next?

Shares of QuantumScape Co. (NYSE:QS) traded down 3% during mid-day trading on Monday . The company traded as low as $4.92 and last traded at $5.02. 6,219,611 shares were traded during mid-day trading, a decline of 61% from the average session volume of 15,920,391 shares. The stock had previously closed at $5.17.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Truist Financial restated a “hold” rating and issued a $7.00 price objective (up previously from $6.00) on shares of QuantumScape in a research note on Friday, October 25th. HSBC upgraded shares of QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 target price for the company in a research report on Tuesday, November 19th. Finally, Hsbc Global Res upgraded shares of QuantumScape to a “hold” rating in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $6.26.

QuantumScape Stock Performance

The stock has a market cap of $2.55 billion, a price-to-earnings ratio of -5.24 and a beta of 4.45. The stock’s fifty day moving average is $5.29 and its 200-day moving average is $5.59. 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 at QuantumScape

In other QuantumScape news, CFO Kevin Hettrich sold 55,647 shares of QuantumScape stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $5.05, for a total value of $281,017.35. Following the transaction, the chief financial officer now owns 1,022,743 shares of the company’s stock, valued at approximately $5,164,852.15. The trade was a 5.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Mohit Singh sold 97,305 shares of QuantumScape stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $6.24, for a total transaction of $607,183.20. Following the completion of the transaction, the insider now directly owns 1,092,020 shares in the company, valued at approximately $6,814,204.80. The trade was a 8.18 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 573,409 shares of company stock worth $3,090,581. 12.03% of the stock is currently owned by company insiders.

Institutional Trading of QuantumScape

A number of institutional investors have recently made changes to their positions in the business. Heck Capital Advisors LLC bought a new stake in QuantumScape during the fourth quarter worth $26,000. Signaturefd LLC raised 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 acquiring an additional 2,148 shares in the last quarter. International Assets Investment Management LLC raised its position 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 acquiring an additional 4,228 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of QuantumScape by 208.8% in the fourth quarter. Blue Trust Inc. now owns 6,738 shares of the company’s stock valued at $39,000 after purchasing an additional 4,556 shares during the last quarter. Finally, Centaurus Financial Inc. acquired a new position in shares of QuantumScape in the second quarter valued at $52,000. Institutional investors own 29.87% of the company’s stock.

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.