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

QuantumScape Co. (NYSE:QS) saw some unusual options trading on Thursday. 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.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on QS shares. HSBC raised shares of QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price target on the stock in a report on Tuesday, November 19th. Truist Financial restated 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 Global Res upgraded QuantumScape to a “hold” rating in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $6.26.

Insider Buying and Selling at QuantumScape

In other QuantumScape news, insider Michael O. Mccarthy III sold 27,305 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $5.07, for a total value of $138,436.35. Following the completion of the sale, the insider now owns 1,129,167 shares in the company, valued at $5,724,876.69. This represents a 2.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Mohit Singh sold 97,305 shares of QuantumScape stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $6.24, for a total value of $607,183.20. Following the transaction, the insider now directly owns 1,092,020 shares in the company, valued at approximately $6,814,204.80. The trade was a 8.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 567,878 shares of company stock valued at $3,062,871. 12.03% of the stock is owned by company insiders.

Institutional Trading of QuantumScape

A number of large investors have recently added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new position in shares of QuantumScape in the 4th quarter valued at about $26,000. Signaturefd LLC lifted its stake in shares of QuantumScape by 79.9% in the 3rd quarter. Signaturefd LLC now owns 4,838 shares of the company’s stock valued at $28,000 after purchasing an additional 2,148 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of QuantumScape by 475.1% in the 3rd quarter. International Assets Investment Management LLC now owns 5,118 shares of the company’s stock worth $29,000 after purchasing an additional 4,228 shares during the period. Blue Trust Inc. boosted its holdings in shares of QuantumScape by 208.8% in the 4th quarter. Blue Trust Inc. now owns 6,738 shares of the company’s stock worth $39,000 after purchasing an additional 4,556 shares during the period. Finally, Atlas Legacy Advisors LLC bought a new position in shares of QuantumScape during the 4th quarter valued at approximately $53,000. Institutional investors own 29.87% of the company’s stock.

QuantumScape Price Performance

QS stock opened at $5.17 on Friday. The company has a market capitalization of $2.65 billion, a PE ratio of -5.44 and a beta of 4.45. The company’s fifty day moving average price is $5.26 and its 200-day moving average price is $5.45. QuantumScape has a one year low of $4.65 and a one year 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.

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

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.