So Far This Year, QuantumScape Corporation (QS) Reached A New High 1 time


As of Wednesday close, QuantumScape Corporation’s (NYSE:QS) stock was up $0.26, moving up 3.81 percent to $7.09. The average number of shares traded per day over the past five days has been 7,429,860 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.33 fall in that time frame. In the last twenty days, the average volume was 8,201,125, while in the previous 50 days, it was 7,142,518.

Since last month, QS stock retreated -21.74%. Shares of the company fell to $6.71 on 11/22/22, the lowest level in the past month. A 52-week high of $34.60 was reached on 01/03/22 after having rallying from a 52-week low of $6.71. Since the beginning of this year, QS’s stock price has dropped by -68.05% or -$15.10, and marked a new high 1 time. However, the stock has declined by -79.51% since its 52-week high.

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QS stock investors should be aware that QuantumScape Corporation (QS) stock had its last reported insider trading activity 8 days ago on Nov 17. MCCARTHY MICHAEL O III, the Chief Legal Officer of the company, disposed of 20,000 shares for $7.15 on Nov 17. It resulted in a $143,012 divestment by the insider. Singh Mohit sold 8,500 shares at an average price of $7.63 on Nov 09. The insider now owns 302,157 shares following the transaction. On Oct 31, Chief Development Officer Singh Mohit sold 8,500 shares at $8.13 apiece. The transaction was valued at $69,082.

Financial Health

In the three months ended September 29, QuantumScape Corporation’s quick ratio stood at 25.70, while its current ratio was 25.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.03, and the total debt-to-equity ratio was 0.03. Based on annual data, QS earned $1.42 million in gross profit and brought in $215.27 million in revenue.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected QuantumScape Corporation to report -$0.21 quarterly earnings, the actual figure was -$0.27 per share, beating the consensus estimate by -28.60%. During the quarter, the company generated -$109.42 million in EBITDA. The liabilities of QuantumScape Corporation were 157.01 million at the end of its most recent quarter ended September 29. The value of shareholders’ equity is $435.96 million.

Technical Picture

This quick technical analysis looks at QuantumScape Corporation’s (QS) price momentum. With a historical volatility rate of 72.98%, the RSI 9-day stood at 41.80% on 23 November.

With respect to its five-day moving average, the current QuantumScape Corporation price is down by -4.45% percent or -$0.33. At present, QS shares trade -18.41% below its 20-day simple moving average and -24.01% percent below its 100-day simple moving average. However, the stock is currently trading approximately -38.13% below its SMA50 and -57.42% below its SMA200.

Stochastic coefficient K was 11.40% and Stochastic coefficient D was 13.63%, while ATR was 0.57. Given the Stochastic reading of 20.77% for the 14-day period, the RSI (14) reading has been calculated as 41.57%. As of today, the MACD Oscillator reading stands at -0.38, while the 14-day reading stands at -0.47.

Analyst Ratings

QuantumScape Corporation downgraded its rating on QuantumScape Corporation (NYSE: QS) to an Underweight in a note to investors on November 09, 2022. The analysts firm previously had an Equal-weight rating on the stock.QuantumScape Corporation (QS) has been rated Hold by analysts. According to 1 brokerage firm, QS is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate QuantumScape Corporation stock as buy, with 0 recommending it as overweight.

With a median target price of $10.00, the current consensus forecast for the stock is $4.00 – $14.00. Based on these forecasts, analysts predict QuantumScape Corporation (QS) will achieve an average price target of $9.57.


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