Key Points
- QuantumScape insider Mohit Singh sold 50,000 shares on May 6 at an average price of $7.87, totaling about $393,500. After the sale, he still held 1,803,035 shares, and the transaction reduced his position by 2.7%.
- QS shares were trading at $7.54 when the article was published, with the stock down from its 200-day average of $9.93 but above its 50-day average of $6.82. The company’s market cap was about $4.64 billion.
- Analysts remain cautious on QuantumScape, with six Hold ratings and one Sell rating, leading to a consensus “Reduce” view and an average price target of $11.13. The company recently beat quarterly EPS estimates, reporting a loss of $0.16 per share versus expectations for a $0.18 loss.
QuantumScape Corporation (NYSE:QS - Get Free Report) insider Mohit Singh sold 50,000 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $7.87, for a total transaction of $393,500.00. Following the completion of the transaction, the insider directly owned 1,803,035 shares of the company's stock, valued at approximately $14,189,885.45. The trade was a 2.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
QuantumScape Price Performance
Shares of NYSE:QS opened at $7.54 on Friday. The company has a market cap of $4.64 billion, a price-to-earnings ratio of -9.31 and a beta of 2.57. 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 firm has a 50 day simple moving average of $6.82 and a 200 day simple moving average of $9.93. QuantumScape Corporation has a one year low of $3.80 and a one year high of $19.07.
QuantumScape (NYSE:QS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.02. During the same quarter in the prior year, the company posted ($0.21) earnings per share. Research analysts predict that QuantumScape Corporation will post -0.82 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the stock. Robert W. Baird set a $12.00 price objective on shares of QuantumScape in a research note on Thursday, February 12th. TD Cowen reissued a "hold" rating on shares of QuantumScape in a research note on Wednesday, February 18th. HSBC raised shares of QuantumScape from a "reduce" rating to a "hold" rating and dropped their price objective for the company from $10.50 to $8.30 in a research note on Wednesday, February 18th. Finally, Morgan Stanley dropped their price objective on shares of QuantumScape from $12.00 to $8.50 and set an "equal weight" rating for the company in a research note on Wednesday, February 18th. Six equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Reduce" and a consensus price target of $11.13.
Check Out Our Latest Analysis on QS
Hedge Funds Weigh In On QuantumScape
Large investors have recently modified their holdings of the business. Tsfg LLC raised its stake in shares of QuantumScape by 233.3% during the third quarter. Tsfg LLC now owns 2,000 shares of the company's stock valued at $25,000 after acquiring an additional 1,400 shares during the last quarter. REAP Financial Group LLC raised its stake in shares of QuantumScape by 300.0% during the third quarter. REAP Financial Group LLC now owns 2,000 shares of the company's stock valued at $25,000 after acquiring an additional 1,500 shares during the last quarter. Global Retirement Partners LLC raised its stake in shares of QuantumScape by 538.7% during the third quarter. Global Retirement Partners LLC now owns 2,312 shares of the company's stock valued at $28,000 after acquiring an additional 1,950 shares during the last quarter. VSM Wealth Advisory LLC raised its stake 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 valued at $29,000 after acquiring an additional 750 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of QuantumScape during the fourth quarter valued at $25,000. Institutional investors own 29.87% of the company's stock.
QuantumScape Company Profile
(
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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