QuantumScape (NYSE:QS) Sees Large Volume Increase – Here’s What Happened

QuantumScape Corporation (NYSE:QS) shares saw strong trading volume on Wednesday . 12,385,795 shares traded hands during mid-day trading, a decline of 23% from the previous session’s volume of 16,091,705 shares.The stock last traded at $7.9850 and had previously closed at $8.42.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Morgan Stanley cut their price objective on QuantumScape from $12.00 to $8.50 and set an “equal weight” rating for the company in a report on Wednesday, February 18th. HSBC raised QuantumScape from a “reduce” rating to a “hold” rating and cut their price objective for the company from $10.50 to $8.30 in a report on Wednesday, February 18th. Robert W. Baird set a $12.00 price objective on QuantumScape in a report on Thursday, February 12th. Finally, TD Cowen reissued a “hold” rating on shares of QuantumScape in a report on Wednesday, February 18th. Six investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $11.13.

QuantumScape Stock Up 0.1%

The firm has a fifty day simple moving average of $6.88 and a 200-day simple moving average of $9.78. The firm has a market cap of $5.18 billion, a price-to-earnings ratio of -10.41 and a beta of 2.57. The company has a debt-to-equity ratio of 0.02, a quick ratio of 21.14 and a current ratio of 21.14.

QuantumScape (NYSE:QS) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.02. During the same period last year, the company posted ($0.21) EPS. As a group, sell-side analysts expect that QuantumScape Corporation will post -0.82 EPS for the current year.

Insider Buying and Selling at QuantumScape

In other QuantumScape news, insider Michael O. Mccarthy III sold 45,000 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $6.73, for a total transaction of $302,850.00. Following the completion of the sale, the insider owned 954,219 shares of the company’s stock, valued at $6,421,893.87. This trade represents a 4.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Timothy Holme sold 127,077 shares of the firm’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $6.18, for a total value of $785,335.86. Following the sale, the chief technology officer directly owned 1,108,182 shares of the company’s stock, valued at $6,848,564.76. This represents a 10.29% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 716,925 shares of company stock worth $4,877,077. 5.48% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On QuantumScape

Several hedge funds have recently added to or reduced their stakes in the business. Tsfg LLC lifted its holdings in shares of QuantumScape by 233.3% during the third quarter. Tsfg LLC now owns 2,000 shares of the company’s stock worth $25,000 after buying an additional 1,400 shares in the last quarter. REAP Financial Group LLC lifted its holdings 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 worth $25,000 after buying an additional 1,500 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of QuantumScape during the fourth quarter worth $25,000. Russell Investments Group Ltd. lifted its holdings in shares of QuantumScape by 685.5% during the second quarter. Russell Investments Group Ltd. now owns 3,794 shares of the company’s stock worth $25,000 after buying an additional 3,311 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its holdings 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 worth $28,000 after buying an additional 1,950 shares in the last quarter. Institutional investors and hedge funds own 29.87% of the company’s stock.

QuantumScape Company Profile

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.