QuantumScape Corporation (NYSE:QS – Get Free Report) saw unusually large options trading on Thursday. Stock investors bought 96,287 call options on the stock. This represents an increase of 129% compared to the average daily volume of 42,129 call options.
QuantumScape Price Performance
Shares of NYSE:QS traded up $0.96 during trading on Thursday, reaching $7.86. 51,821,911 shares of the company traded hands, compared to its average volume of 18,016,180. The company’s 50 day moving average is $7.60 and its two-hundred day moving average is $8.59. The firm has a market capitalization of $4.83 billion, a PE ratio of -9.72 and a beta of 2.60. The company has a quick ratio of 21.14, a current ratio of 21.14 and a debt-to-equity ratio of 0.02. QuantumScape has a 52 week low of $4.16 and a 52 week high of $19.07.
QuantumScape (NYSE:QS – Get Free Report) last released its earnings results on Wednesday, April 22nd. The company reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.02. During the same period in the prior year, the company earned ($0.21) EPS. As a group, sell-side analysts predict that QuantumScape will post -0.82 earnings per share for the current year.
Wall Street Analyst Weigh In
Read Our Latest Stock Report on QS
Insider Transactions at QuantumScape
In other news, CTO Timothy Holme sold 150,320 shares of QuantumScape stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $9.30, for a total transaction of $1,397,976.00. Following the completion of the transaction, the chief technology officer directly owned 1,712,506 shares in the company, valued at approximately $15,926,305.80. The trade was a 8.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mohit Singh sold 50,000 shares of QuantumScape stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $7.87, for a total value of $393,500.00. Following the transaction, the insider owned 1,803,035 shares of the company’s stock, valued at $14,189,885.45. This represents a 2.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 778,932 shares of company stock worth $6,043,845. 3.93% of the stock is owned by company insiders.
Institutional Trading of QuantumScape
A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of QuantumScape by 11.8% during the 4th quarter. Vanguard Group Inc. now owns 40,959,061 shares of the company’s stock worth $426,793,000 after buying an additional 4,323,829 shares in the last quarter. Morgan Stanley raised its holdings in shares of QuantumScape by 333.5% during the 4th quarter. Morgan Stanley now owns 11,126,497 shares of the company’s stock worth $115,938,000 after buying an additional 8,559,554 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of QuantumScape by 16.7% during the 4th quarter. Geode Capital Management LLC now owns 8,327,604 shares of the company’s stock worth $86,794,000 after buying an additional 1,189,748 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of QuantumScape during the 4th quarter worth $84,584,000. Finally, State Street Corp raised its holdings in shares of QuantumScape by 7.6% during the 4th quarter. State Street Corp now owns 7,500,503 shares of the company’s stock worth $78,155,000 after buying an additional 529,602 shares in the last quarter. 29.87% of the stock is currently owned by institutional investors.
About QuantumScape
QuantumScape Corporation is a development-stage company specializing in the research and commercialization of next-generation solid-state lithium-metal batteries for electric vehicles. The company’s core technology replaces the traditional liquid electrolyte with a solid ceramic separator, aiming to deliver higher energy density, faster charging times and enhanced safety compared to conventional lithium-ion cells. QuantumScape’s product roadmap focuses on enabling electric vehicle manufacturers to extend driving range and reduce charging downtime, addressing key barriers to widespread EV adoption.
Founded in 2010 and headquartered in San Jose, California, QuantumScape has attracted significant strategic investment and formed partnerships with leading automotive OEMs.
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