QuantumScape (NYSE:QS) Stock Price Up 4.9%

QuantumScape Co. (NYSE:QS)’s stock price was up 4.9% during mid-day trading on Friday . The stock traded as high as $5.43 and last traded at $5.35. Approximately 3,087,051 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 9,322,381 shares. The stock had previously closed at $5.10.

Analysts Set New Price Targets

Several research analysts have issued reports on QS shares. Robert W. Baird increased their price objective on QuantumScape from $5.00 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. UBS Group cut their price objective on QuantumScape from $9.00 to $5.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Truist Financial dropped their price target on QuantumScape from $8.00 to $6.00 and set a “hold” rating for the company in a research report on Monday, April 22nd. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to MarketBeat, QuantumScape has an average rating of “Hold” and an average price target of $6.30.

QuantumScape Trading Up 5.7 %

The stock has a market cap of $2.67 billion, a PE ratio of -5.61 and a beta of 4.76. The business has a 50-day moving average of $5.93 and a 200 day moving average of $6.42. The company has a debt-to-equity ratio of 0.03, a quick ratio of 18.98 and a current ratio of 18.98.

QuantumScape (NYSE:QS) last posted its quarterly earnings data on Wednesday, February 14th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.04). During the same period in the previous year, the firm posted ($0.25) earnings per share. Equities research analysts predict that QuantumScape Co. will post -0.93 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Jeffrey B. Straubel sold 69,309 shares of QuantumScape stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $6.72, for a total transaction of $465,756.48. Following the completion of the sale, the director now owns 292,644 shares in the company, valued at approximately $1,966,567.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other QuantumScape news, Director Jeffrey B. Straubel sold 69,309 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $6.72, for a total value of $465,756.48. Following the sale, the director now directly owns 292,644 shares of the company’s stock, valued at approximately $1,966,567.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Kevin Hettrich sold 34,607 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $6.54, for a total value of $226,329.78. Following the completion of the sale, the chief financial officer now directly owns 554,553 shares in the company, valued at $3,626,776.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 194,970 shares of company stock worth $1,250,775. 10.18% of the stock is owned by corporate insiders.

Institutional Trading of QuantumScape

A number of hedge funds have recently added to or reduced their stakes in the business. Guardian Investment Management boosted its stake in QuantumScape by 204.4% in the 1st quarter. Guardian Investment Management now owns 19,210 shares of the company’s stock worth $121,000 after buying an additional 12,900 shares during the last quarter. Armor Investment Advisors LLC lifted its stake in shares of QuantumScape by 48.0% in the 1st quarter. Armor Investment Advisors LLC now owns 82,832 shares of the company’s stock valued at $521,000 after purchasing an additional 26,846 shares in the last quarter. Oak Harbor Wealth Partners LLC lifted its stake in shares of QuantumScape by 99.6% in the 1st quarter. Oak Harbor Wealth Partners LLC now owns 143,499 shares of the company’s stock valued at $903,000 after purchasing an additional 71,600 shares in the last quarter. PFG Investments LLC acquired a new position in shares of QuantumScape in the 1st quarter valued at about $102,000. Finally, HighPoint Advisor Group LLC acquired a new position in shares of QuantumScape in the 4th quarter valued at about $97,000. 29.87% of the stock is owned by institutional investors and hedge funds.

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.