Watching QuantumScape Corporation (QS) For Insider Activity

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QuantumScape Corporation (NYSE:QS) finished Thursday with a subtraction of -$0.71 to close at $9.12, a downside of -7.22 percent. An average of 7,231,800 shares of common stock have been traded in the last five days. There was a fall of -$2.77 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 5,734,135 shares traded, while the 50-day average volume stands at 5,913,744.

QS stock has decreased by -13.39% in the last month. The company shares reached their 1-month lowest point of $8.91 on 09/22/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $8.22 and a high of $43.08 in 52 weeks. It has reached a new high 1 time so far this year and lost -58.90% or -$13.07 in price. In spite of this, the price is down -78.83% from the 52-week high.


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Insider Transactions

4 days have passed since QuantumScape Corporation (QS) last reported insider trading activity. Straubel Jeffrey B, who is Director, most recently acquired $30,937 shares at $11.13 per share on Sep 19. In this transaction, the insider spent $344,480. Chief Development Officer, Singh Mohit, disposed of 21,250 shares at a price of $11.09 on Sep 19. The insider now owns more than $235,578 worth of shares. Prior to that, Chief Legal Officer MCCARTHY MICHAEL O III went on to Sale 36,757 shares at $12.62 each on Sep 15. An amount of $463,730 was transacted.

Financial Health

The quick ratio of QuantumScape Corporation for the three months ended June 29 was 32.10, and the current ratio was 32.10, 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 0.03 for the quarter ending June 29. Its gross profit as reported stood at $1.42 million compared to revenue of $215.27 million.

Earnings Surprise

For the three-month period that ended June 29, QuantumScape Corporation had $924.75 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$94.83 million in the quarter, while revenues were grew 185.41%. The analyst consensus anticipated QuantumScape Corporation’s latest quarter earnings to come in at -$0.18 per share, but it turned out to be -$0.22, a -22.20% surprise. For the quarter, EBITDA amounted to -$86.66 million. Shareholders own equity worth $432.7 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 22 September was 29.66%, suggesting the stock is oversold, with historical volatility in this time frame at 76.30%.

As of today, QS’s price is $10.33 -23.30% or -$2.77 from its 5-day moving average. QS is currently trading -18.93% lower than its 20-day SMA and -38.96% lower than its 100-day SMA. However, the stock’s current price level is -6.08% below the SMA50 and -63.26% below the SMA200.

The stochastic %K and %D were 11.05% and 26.46%, respectively, and the average true range (ATR) was 0.79. With the 14-day stochastic at 5.46% and the average true range at 0.77, the RSI (14) stands at 35.84%. The stock has reached -1.14 on the 9-day MACD Oscillator while the 14-day reading was at -0.94.

Analyst Ratings

Deutsche Bank launched coverage on QuantumScape Corporation (NYSE: QS) in its analyst report released on April 12, 2022. The firm assigned the stock a Hold rating.

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