Key Points
- Director Jeffrey Straubel sold 27,106 shares on January 5 at an average price of $11.28 for $305,755.68, cutting his stake by 10.16% to 239,722 shares (about $2.7M).
- QuantumScape shares opened at $10.91 with a market cap of $6.56B, a 1‑year range of $3.40–$19.07, a 50‑day moving average of $12.66 and a 200‑day moving average of $11.43.
- Wall Street sentiment is negative-to-neutral: the consensus rating is "Reduce" with an average target of $9.17, and analysts expect about -0.82 EPS for the current year after the company reported ($0.18) EPS last quarter.
QuantumScape Corporation (NYSE:QS - Get Free Report) Director Jeffrey Straubel sold 27,106 shares of QuantumScape stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $11.28, for a total value of $305,755.68. Following the completion of the sale, the director owned 239,722 shares of the company's stock, valued at approximately $2,704,064.16. The trade was a 10.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
QuantumScape Stock Performance
QuantumScape stock opened at $10.91 on Thursday. The company has a market cap of $6.56 billion, a PE ratio of -13.47 and a beta of 2.60. The company has a current ratio of 21.14, a quick ratio of 21.14 and a debt-to-equity ratio of 0.02. QuantumScape Corporation has a 1 year low of $3.40 and a 1 year high of $19.07. The company's 50-day moving average is $12.66 and its two-hundred day moving average is $11.43.
QuantumScape (NYSE:QS - Get Free Report) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported ($0.18) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.18). During the same quarter in the prior year, the company earned ($0.23) EPS. Equities analysts anticipate that QuantumScape Corporation will post -0.82 earnings per share for the current year.
Hedge Funds Weigh In On QuantumScape
Several institutional investors have recently modified their holdings of the business. Tsfg LLC grew its position in shares of QuantumScape by 233.3% in the 3rd quarter. Tsfg LLC now owns 2,000 shares of the company's stock valued at $25,000 after purchasing an additional 1,400 shares during the period. REAP Financial Group LLC lifted its stake in QuantumScape by 300.0% in the third quarter. REAP Financial Group LLC now owns 2,000 shares of the company's stock valued at $25,000 after buying an additional 1,500 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in shares of QuantumScape by 538.7% in the third quarter. Global Retirement Partners LLC now owns 2,312 shares of the company's stock valued at $28,000 after buying an additional 1,950 shares during the period. VSM Wealth Advisory LLC increased its position in shares of QuantumScape by 46.8% during the third quarter. VSM Wealth Advisory LLC now owns 2,352 shares of the company's stock worth $29,000 after acquiring an additional 750 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB raised its holdings in shares of QuantumScape by 67.0% during the third quarter. Wilmington Savings Fund Society FSB now owns 2,505 shares of the company's stock worth $31,000 after acquiring an additional 1,005 shares during the period. Institutional investors own 29.87% of the company's stock.
Wall Street Analysts Forecast Growth
QS has been the topic of a number of analyst reports. Cowen reissued a "hold" rating on shares of QuantumScape in a research note on Thursday, October 30th. Weiss Ratings reissued a "sell (d-)" rating on shares of QuantumScape in a research note on Wednesday, October 8th. Evercore ISI restated an "in-line" rating and set a $12.00 target price (up previously from $8.00) on shares of QuantumScape in a report on Monday, November 24th. Morgan Stanley initiated coverage on QuantumScape in a research note on Monday, December 8th. They issued an "equal weight" rating and a $12.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft set a $10.00 price target on shares of QuantumScape and gave the company a "hold" rating in a research report on Thursday, October 23rd. Seven investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, QuantumScape has a consensus rating of "Reduce" and an average target price of $9.17.
View Our Latest Stock Analysis on QS
About QuantumScape
(
Get Free Report)
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.
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