QuantumScape (NYSE:QS) Stock Price Down 2.1% – Time to Sell?

QuantumScape Co. (NYSE:QS)’s share price was down 2.1% during mid-day trading on Tuesday . The company traded as low as $4.93 and last traded at $4.97. Approximately 2,964,473 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 16,958,639 shares. The stock had previously closed at $5.07.

Analyst Upgrades and Downgrades

QS has been the subject of a number of analyst reports. Hsbc Global Res upgraded QuantumScape to a “hold” rating in a research report on Tuesday, November 19th. 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 note on Friday, October 25th. Finally, HSBC raised QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price target for the company in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $6.26.

QuantumScape Trading Up 2.1 %

The company’s 50 day simple moving average is $5.29 and its two-hundred day simple moving average is $5.66. The company has a debt-to-equity ratio of 0.03, a quick ratio of 14.07 and a current ratio of 14.07. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of -5.48 and a beta of 4.46.

Insider Transactions at QuantumScape

In related news, Director Jagdeep Singh sold 5,531 shares of QuantumScape stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $5.01, for a total transaction of $27,710.31. Following the completion of the transaction, the director now directly owns 2,590,583 shares of the company’s stock, valued at $12,978,820.83. This trade represents a 0.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Fritz Prinz sold 12,908 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $5.04, for a total value of $65,056.32. Following the transaction, the director now directly owns 241,195 shares in the company, valued at approximately $1,215,622.80. This represents a 5.08 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 573,409 shares of company stock worth $3,090,581. Insiders own 12.03% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Heck Capital Advisors LLC acquired a new position in QuantumScape during the fourth quarter worth $26,000. Signaturefd LLC raised its holdings in QuantumScape by 79.9% during the third quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock worth $28,000 after acquiring an additional 2,148 shares in the last quarter. International Assets Investment Management LLC raised its holdings in QuantumScape by 475.1% during the third quarter. International Assets Investment Management LLC now owns 5,118 shares of the company’s stock worth $29,000 after acquiring an additional 4,228 shares in the last quarter. Blue Trust Inc. increased its holdings in QuantumScape by 208.8% during the fourth quarter. Blue Trust Inc. now owns 6,738 shares of the company’s stock worth $39,000 after buying an additional 4,556 shares during the last quarter. Finally, Centaurus Financial Inc. acquired a new position in QuantumScape during the second quarter worth $52,000. Institutional investors and hedge funds own 29.87% of the company’s stock.

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.