QuantumScape Sees Unusually Large Options Volume (NYSE:QS)

QuantumScape Co. (NYSE:QS) was the target of unusually large options trading activity on Thursday. Stock traders acquired 61,536 call options on the company. This is an increase of approximately 46% compared to the typical daily volume of 42,032 call options.

Insider Buying and Selling

In other news, Director Jagdeep Singh sold 308,097 shares of QuantumScape stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $5.30, for a total transaction of $1,632,914.10. Following the sale, the director now owns 2,563,767 shares of the company’s stock, valued at approximately $13,587,965.10. The trade was a 10.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Mohit Singh sold 97,305 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $6.24, for a total transaction of $607,183.20. Following the transaction, the insider now owns 1,092,020 shares in the company, valued at $6,814,204.80. This represents a 8.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 567,878 shares of company stock valued at $3,062,871 in the last quarter. Company insiders own 12.03% of the company’s stock.

Hedge Funds Weigh In On QuantumScape

Several institutional investors and hedge funds have recently added to or reduced their stakes in QS. Heck Capital Advisors LLC acquired a new stake in shares of QuantumScape during the 4th quarter valued at $26,000. Signaturefd LLC boosted its stake in shares of 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 buying an additional 2,148 shares during the period. International Assets Investment Management LLC boosted its stake in shares of QuantumScape by 475.1% during the 3rd quarter. International Assets Investment Management LLC now owns 5,118 shares of the company’s stock valued at $29,000 after buying an additional 4,228 shares during the period. Blue Trust Inc. boosted its stake in shares of QuantumScape by 208.8% during the 4th quarter. Blue Trust Inc. now owns 6,738 shares of the company’s stock valued at $39,000 after buying an additional 4,556 shares during the period. Finally, Atlas Legacy Advisors LLC acquired a new stake in shares of QuantumScape during the 4th quarter valued at $53,000. 29.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

QS has been the topic of a number of research analyst reports. Hsbc Global Res upgraded shares of QuantumScape to a “hold” rating in a research note on Tuesday, November 19th. Truist Financial decreased their price target on shares of QuantumScape from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Friday. Finally, HSBC upgraded shares of QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price target on the stock in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $6.06.

QuantumScape Trading Up 1.6 %

NYSE QS opened at $5.26 on Friday. QuantumScape has a twelve month low of $4.65 and a twelve month high of $9.52. 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 $2.69 billion, a price-to-earnings ratio of -5.53 and a beta of 4.45. The firm’s 50 day moving average price is $5.27 and its two-hundred day moving average price is $5.44.

QuantumScape (NYSE:QS) last posted its quarterly earnings data on Wednesday, February 12th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.01). Equities analysts anticipate that QuantumScape will post -0.99 EPS for the current year.

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.