QuantumScape Corporation (NYSE: QS) stock has achieved $27.08 in the past week

QuantumScape Corporation (NYSE:QS) saw a downside of -6.53% on Monday at $22.91 after subtracting -$1.6. The 5-day average trading volume is 7,899,582 shares of the company’s common stock. It has gained $27.08 in the past week and touched a new high 2 times within the past 5 days. An average of 12,191,155 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 9,748,204.

QS’s 1-month performance is 10.41% or $0.39 on its low of $20.34 reached on 09/20/21. The company’s shares have touched a 52-week low of $11.25 and high of $132.73, with the stock’s rally to the 52-week high happening on 01/06/21. YTD, QS has lost -70.98% or -$61.61 and has reached a new high 3 times. However, the current price is down -82.74%% from the 52-week high price.

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Insider Transactions

On Sep 15, 19 days have gone by since the last insider trading activity for QuantumScape Corporation (QS). Singh Mohit (Chief Development Officer) most recently sold 50,000 shares at $20.88 per share on Sep 15. This transaction cost the insider $1,044,225. Chief Technology Officer, Holme Timothy, sold 435,065 shares at a price of $20.91 on Sep 15. Then, on Sep 14, Chief Development Officer Singh Mohit sold 1,015 shares at a price of $21.50 per share. This transaction amounted to $21,826.

Valuation Metrics

QuantumScape Corporation (QS) has a trailing price-to-earnings (P/E) ratio of 16.29 for the broader industry and 19.80 for the sector, meaning that investors are optimistic about the stock’s future prospects.QS stock has a beta of 0.00. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 6.59.

QuantumScape Corporation’s quick ratio for the period ended June 29 was 62.40, with the current ratio over the same period at 62.40 meaning that QS stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.03, while the total debt to equity was 0.00. The firm’s gross profit as reported stood at $20.77 million against revenue of $81.02 million.

Earnings Surprise

For the quarterly period ending June 29 this year, QuantumScape Corporation’s cash and short-term investments amounted to $1.17 billion against total debt of $62.74 million. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected QS to announce -$0.07 per share in earnings in its latest quarter, but it posted -$0.12, representing a -71.40% surprise. EBITDA for the quarter stood at more than -$42.9 million. QS stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 236.64 million, with total debt at $62.74 million. Shareholders hold equity totaling $414.65 million

Technical Picture

Let’s look briefly at QuantumScape Corporation (QS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 42.97% to suggest the stock is trending Neutral, with historical volatility in this time period at 89.37%.

The stock’s 5-day moving average is $24.52, reflecting a -14.84% or -$3.98 change from its current price. QS is currently trading +1.74% above its 20-day SMA, -16.34% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +1.78% and -63.62% respectively.

Stochastic %K and %D was 43.13% and 51.07% and the average true range (ATR) pointed at 1.73. The RSI (14) points at 47.40%, while the 14-day stochastic is at 29.76% with the period’s ATR at 1.63. The stock’s 9-day MACD Oscillator is pointing at -1.27 and -0.02 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for QuantumScape Corporation (NYSE: QS), JP Morgan launched coverage with a Neutral rating. Analysts offering their rating for QS stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate QS as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.

What is QS’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $23.00 and a high of $70.00, with their median price target at $30.50. Looking at these predictions, the average price target given by analysts is for QuantumScape Corporation (QS) stock is $36.33.


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