QuantumScape Corporation (NYSE:QS) Given Consensus Rating of “Reduce” by Analysts

Shares of QuantumScape Corporation (NYSE:QS) have earned a consensus recommendation of “Reduce” from the eleven brokerages that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $9.1667.

A number of equities research analysts have weighed in on QS shares. Hsbc Global Res raised QuantumScape to a “moderate sell” rating in a research report on Wednesday, November 19th. Cowen restated a “hold” rating on shares of QuantumScape in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of QuantumScape in a research note on Wednesday, October 8th. Morgan Stanley started coverage on shares of QuantumScape in a report on Monday, December 8th. They set an “equal weight” rating and a $12.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft set a $10.00 price target on shares of QuantumScape and gave the company a “hold” rating in a report on Thursday, October 23rd.

QuantumScape Price Performance

QuantumScape stock opened at $11.39 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 21.14 and a quick ratio of 21.14. The stock has a market cap of $6.85 billion, a price-to-earnings ratio of -14.06 and a beta of 2.76. The firm has a 50-day moving average of $13.94 and a two-hundred day moving average of $10.83. QuantumScape has a 1 year low of $3.40 and a 1 year high of $19.07.

QuantumScape (NYSE:QS) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported ($0.18) earnings per share for the quarter, meeting the consensus estimate of ($0.18). During the same quarter in the prior year, the company posted ($0.23) EPS. On average, research analysts forecast that QuantumScape will post -0.82 earnings per share for the current year.

Insider Buying and Selling

In other QuantumScape news, CTO Timothy Holme sold 166,440 shares of the stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $12.69, for a total transaction of $2,112,123.60. Following the sale, the chief technology officer owned 1,251,383 shares of the company’s stock, valued at approximately $15,880,050.27. This trade represents a 11.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael O. Mccarthy III sold 40,000 shares of the business’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $11.79, for a total value of $471,600.00. Following the completion of the transaction, the insider directly owned 137,888 shares of the company’s stock, valued at approximately $1,625,699.52. The trade was a 22.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 6,423,936 shares of company stock worth $84,422,388 in the last three months. Corporate insiders own 5.48% of the company’s stock.

Institutional Trading of QuantumScape

A number of institutional investors have recently modified their holdings of QS. FNY Investment Advisers LLC purchased a new stake in shares of QuantumScape during the third quarter valued at $64,000. Swiss Life Asset Management Ltd lifted its position in QuantumScape by 72.6% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 18,870 shares of the company’s stock worth $232,000 after acquiring an additional 7,940 shares during the period. Centaurus Financial Inc. purchased a new stake in QuantumScape during the 3rd quarter valued at about $129,000. Coldstream Capital Management Inc. increased its holdings in shares of QuantumScape by 8.2% in the third quarter. Coldstream Capital Management Inc. now owns 12,408 shares of the company’s stock valued at $153,000 after purchasing an additional 939 shares during the period. Finally, Advisory Services Network LLC acquired a new position in shares of QuantumScape in the third quarter valued at about $809,000. 29.87% of the stock is currently owned by institutional investors.

About QuantumScape

QuantumScape Corporation is a development-stage company specializing in the research and commercialization of next-generation solid-state lithium-metal batteries for electric vehicles. The company’s core technology replaces the traditional liquid electrolyte with a solid ceramic separator, aiming to deliver higher energy density, faster charging times and enhanced safety compared to conventional lithium-ion cells. QuantumScape’s product roadmap focuses on enabling electric vehicle manufacturers to extend driving range and reduce charging downtime, addressing key barriers to widespread EV adoption.

Founded in 2010 and headquartered in San Jose, California, QuantumScape has attracted significant strategic investment and formed partnerships with leading automotive OEMs.