Stock Traders Buy High Volume of QuantumScape Call Options (NYSE:QS)

QuantumScape Co. (NYSE:QS) saw some unusual options trading activity on Monday. Traders acquired 104,382 call options on the stock. This represents an increase of 210% compared to the average volume of 33,628 call options.

QuantumScape Trading Up 11.8 %

QS stock traded up $0.71 on Monday, hitting $6.71. 16,077,159 shares of the company were exchanged, compared to its average volume of 18,948,365. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of -7.06 and a beta of 4.50. The business’s fifty day moving average is $5.16 and its two-hundred day moving average is $5.66. QuantumScape has a twelve month low of $4.65 and a twelve month high of $9.66. The company has a debt-to-equity ratio of 0.03, a current ratio of 14.07 and a quick ratio of 14.07.

QuantumScape (NYSE:QS) last released its quarterly earnings data 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 business posted ($0.23) earnings per share. As a group, research analysts forecast that QuantumScape will post -0.99 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $6.00 price target on shares of QuantumScape in a research report on Tuesday, September 10th. HSBC raised QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price objective for the company in a research note on Tuesday, November 19th. Hsbc Global Res raised QuantumScape to a “hold” rating in a report on Tuesday, November 19th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $7.00 target price (up from $6.00) on shares of QuantumScape in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, QuantumScape has a consensus rating of “Hold” and a consensus price target of $6.26.

Insider Buying and Selling at QuantumScape

In other QuantumScape news, CFO Kevin Hettrich sold 34,607 shares of the company’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $5.49, for a total transaction of $189,992.43. Following the sale, the chief financial officer now owns 1,073,022 shares in the company, valued at $5,890,890.78. This represents a 3.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Mohit Singh sold 97,305 shares of the business’s stock in a transaction dated Friday, December 27th. The stock was 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 of the company’s stock, valued at approximately $6,814,204.80. This represents a 8.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 571,067 shares of company stock worth $3,093,612 in the last ninety days. 12.03% of the stock is owned by insiders.

Hedge Funds Weigh In On QuantumScape

Several hedge funds and other institutional investors have recently modified their holdings of QS. Signaturefd LLC raised its holdings in QuantumScape by 79.9% in the third 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 raised its stake 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 valued at $29,000 after acquiring an additional 4,228 shares during the period. Centaurus Financial Inc. acquired a new position in shares of QuantumScape during the 2nd quarter valued at $52,000. Atom Investors LP purchased a new stake in QuantumScape during the 3rd quarter worth $60,000. Finally, CIBC Asset Management Inc acquired a new stake in QuantumScape during the 2nd quarter valued at $61,000. 29.87% of the stock is owned by institutional investors and hedge funds.

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.