UBS Remains a Sell on QuantumScape (QS)

In a report released on October 23, Joseph Spak from UBS maintained a Sell rating on QuantumScape, with a price target of $2.50. The company’s shares closed yesterday at $16.82.

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Spak covers the Consumer Cyclical sector, focusing on stocks such as General Motors, Tesla, and Adient. According to TipRanks, Spak has an average return of -9.8% and a 45.67% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for QuantumScape with a $9.13 average price target.

The company has a one-year high of $19.07 and a one-year low of $3.40. Currently, QuantumScape has an average volume of 40.42M.

Based on the recent corporate insider activity of 92 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of QS in relation to earlier this year. Last month, Michael O. McCarthy, the CLO of QS sold 38,035.00 shares for a total of $347,259.55.