QuantumScape Co. (NYSE:QS - Get Free Report) Director Jagdeep Singh sold 5,531 shares of the company's stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $5.01, for a total value of $27,710.31. Following the completion of the sale, the director now owns 2,590,583 shares of the company's stock, valued at $12,978,820.83. This represents a 0.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Jagdeep Singh also recently made the following trade(s):
- On Monday, October 7th, Jagdeep Singh sold 192,270 shares of QuantumScape stock. The shares were sold at an average price of $5.53, for a total value of $1,063,253.10.
- On Tuesday, September 17th, Jagdeep Singh sold 192,270 shares of QuantumScape stock. The stock was sold at an average price of $5.99, for a total transaction of $1,151,697.30.
QuantumScape Trading Down 2.3 %
NYSE QS opened at $4.74 on Friday. QuantumScape Co. has a 52 week low of $4.67 and a 52 week high of $10.03. The company has a 50 day moving average price of $5.49 and a 200 day moving average price of $5.76. The company has a quick ratio of 14.07, a current ratio of 14.07 and a debt-to-equity ratio of 0.03. The firm has a market cap of $2.43 billion, a PE ratio of -4.99 and a beta of 4.60.
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QuantumScape (NYSE:QS - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.02). During the same period last year, the business earned ($0.23) earnings per share. As a group, sell-side analysts forecast that QuantumScape Co. will post -0.97 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on QS. Wolfe Research initiated coverage on shares of QuantumScape in a research report on Thursday, September 5th. They issued an "underperform" rating for the company. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $6.00 target price on shares of QuantumScape in a report on Tuesday, September 10th. Finally, Truist Financial reaffirmed a "hold" rating and set a $7.00 target price (up previously from $6.00) on shares of QuantumScape in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, QuantumScape currently has an average rating of "Hold" and an average price target of $6.14.
Get Our Latest Analysis on QS
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC increased its stake in QuantumScape by 79.9% during the 3rd quarter. Signaturefd LLC now owns 4,838 shares of the company's stock valued at $28,000 after purchasing an additional 2,148 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of QuantumScape by 475.1% in the 3rd quarter. International Assets Investment Management LLC now owns 5,118 shares of the company's stock valued at $29,000 after acquiring an additional 4,228 shares during the period. CWM LLC raised its stake in QuantumScape by 56.0% in the 2nd quarter. CWM LLC now owns 7,124 shares of the company's stock worth $35,000 after acquiring an additional 2,556 shares during the last quarter. Mather Group LLC. acquired a new stake in QuantumScape during the 2nd quarter worth about $36,000. Finally, Alaska Wealth Advisors purchased a new stake in QuantumScape during the 2nd quarter valued at about $49,000. 29.87% of the stock is owned by institutional investors and hedge funds.
About QuantumScape
(
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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.
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