Is It Worthwhile For Investors To Follow These Insider Trades On QuantumScape Corporation (QS)?

QuantumScape Corporation (NYSE:QS) finished Wednesday with a subtraction of -$0.09 to close at $24.30, a downside of -0.37 percent. An average of 6,369,360 shares of common stock have been traded in the last five days. There was a gain of $1.82 in the past week. The last 20 days have seen an average of 12,538,320 shares traded, while the 50-day average volume stands at 9,154,162.

QS stock has increased by 16.49% in the last month. The company shares reached their 1-month lowest point of $20.34 on 09/20/21. With the stock rallying to its 52-week high on 01/06/21, shares of the company touched a low of $11.25 and a high of $132.73 in 52 weeks. In spite of this, the price is down -81.69% from the 52-week high.

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Insider Transactions

7 days have passed since QuantumScape Corporation (QS) last reported insider trading activity. MIRRO JUSTIN E, who is Director, most recently acquired $20,000 shares at $22.97 per share on Oct 07. In this transaction, the insider spent $459,376. Director, MIRRO JUSTIN E, disposed of 186,437 shares at a price of $23.40 on Sep 30. The insider now owns more than $4,362,626 worth of shares. Prior to that, Chief Development Officer Singh Mohit went on to Sale 50,000 shares at $20.88 each on Sep 15. An amount of $1,044,225 was transacted.

Valuation Metrics

QuantumScape Corporation (QS) has a trailing price-to-earnings (P/E) ratio of 15.45 for the broader industry and 31.09 for the sector. Other valuation ratios to consider include the price-to-book (PB) ratio at 6.53.

The quick ratio of QuantumScape Corporation for the three months ended June 29 was 62.40, and the current ratio was 62.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.03 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $20.77 million compared to revenue of $81.02 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, QuantumScape Corporation’s return on assets was -94.00%.

Earnings Surprise

For the three-month period that ended June 29, QuantumScape Corporation had $1.17 billion in cash. The analyst consensus anticipated QuantumScape Corporation’s latest quarter earnings to come in at -$0.07 per share, but it turned out to be -$0.12, a -71.40% surprise. For the quarter, EBITDA amounted to -$42.9 million. Shareholders own equity worth $414.65 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at QuantumScape Corporation (QS) price momentum. RSI 9-day as of the close on 13 October was 57.09%, suggesting the stock is Neutral, with historical volatility in this time frame at 46.08%.

As of today, QS’s price is $23.60 +8.10% or $1.82 from its 5-day moving average. QS is currently trading +17.90% higher than its 20-day SMA and -9.50% lower than its 100-day SMA. However, the stock’s current price level is +11.47% above the SMA50 and -78.91% below the SMA200.

The stochastic %K and %D were 29.60% and 25.49%, respectively, and the average true range (ATR) was 1.43. With the 14-day stochastic at 34.51% and the average true range at 1.45, the RSI (14) stands at 55.46%. The stock has reached 0.57 on the 9-day MACD Oscillator while the 14-day reading was at -0.29.

Analyst Ratings

JP Morgan launched coverage on QuantumScape Corporation (NYSE: QS) in its analyst report released on July 21, 2021. The firm assigned the stock a a Neutral rating.The consensus rating for QuantumScape Corporation (QS) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell QS, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.

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

Analysts predict a range of price targets between $23.00 and $70.00, with a median target of $30.50. Taking a look at these predictions, the average price target given by analysts for QuantumScape Corporation (QS) stock is $36.33.


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