QuantumScape Co. (NYSE:QS – Get Free Report) saw some unusual options trading on Thursday. Stock traders acquired 119,013 call options on the stock. This represents an increase of 356% compared to the typical daily volume of 26,091 call options.
QuantumScape Stock Performance
Shares of QS stock traded up $1.05 during trading hours on Thursday, reaching $6.23. The company had a trading volume of 44,757,593 shares, compared to its average volume of 8,440,018. The firm has a market cap of $3.11 billion, a PE ratio of -7.08 and a beta of 4.58. The business has a fifty day moving average price of $5.67 and a 200-day moving average price of $5.80. QuantumScape has a one year low of $4.67 and a one year high of $10.03. The company has a debt-to-equity ratio of 0.03, a quick ratio of 8.66 and a current ratio of 8.66.
QuantumScape (NYSE:QS – Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). During the same period last year, the company earned ($0.23) EPS. Sell-side analysts predict that QuantumScape will post -0.9 earnings per share for the current fiscal year.
Insider Activity at QuantumScape
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Canada Pension Plan Investment Board bought a new stake in shares of QuantumScape during the 2nd quarter valued at about $1,950,000. Sanctuary Advisors LLC purchased a new stake in QuantumScape during the second quarter valued at approximately $680,000. Vanguard Group Inc. increased its holdings in QuantumScape by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 29,828,269 shares of the company’s stock valued at $207,306,000 after buying an additional 796,723 shares during the last quarter. Swiss National Bank raised its position in QuantumScape by 9.3% in the first quarter. Swiss National Bank now owns 678,800 shares of the company’s stock worth $4,270,000 after acquiring an additional 58,000 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of QuantumScape during the 2nd quarter valued at $644,000. Institutional investors own 29.87% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have weighed in on QS. Truist Financial reduced their price objective on shares of QuantumScape from $7.00 to $6.00 and set a “hold” rating for the company in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $6.00 price target on shares of QuantumScape in a research report on Tuesday, September 10th. Finally, Wolfe Research assumed coverage on QuantumScape in a research report on Thursday, September 5th. They issued an “underperform” rating on the stock. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $5.94.
Read Our Latest Analysis on QS
QuantumScape Company Profile
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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