QuantumScape Target of Unusually Large Options Trading (NYSE:QS)

QuantumScape Co. (NYSE:QS) 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) 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

In other QuantumScape news, CTO Timothy Holme sold 44,306 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $6.11, for a total value of $270,709.66. Following the completion of the transaction, the chief technology officer now owns 1,168,496 shares in the company, valued at approximately $7,139,510.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CTO Timothy Holme sold 44,306 shares of QuantumScape stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $6.11, for a total transaction of $270,709.66. Following the completion of the transaction, the chief technology officer now directly owns 1,168,496 shares in the company, valued at approximately $7,139,510.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Fritz Prinz sold 12,908 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $5.96, for a total value of $76,931.68. Following the transaction, the director now directly owns 254,103 shares of the company’s stock, valued at approximately $1,514,453.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,126,067 shares of company stock worth $6,659,475 over the last ninety days. 10.18% of the stock is owned by corporate insiders.

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.

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.