Are You Looking To Buy QuantumScape Corporation (QS)? First, Read This


QuantumScape Corporation (NYSE:QS) finished Thursday with an addition of $0.33 to close at $5.63, an upside of 6.23 percent. An average of 5,963,660 shares of common stock have been traded in the last five days. There was a fall of -$0.17 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 6,948,830 shares traded, while the 50-day average volume stands at 7,522,654.

QS stock has decreased by -16.72% in the last month. The company shares reached their 1-month lowest point of $5.11 on 12/28/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $5.11 and a high of $23.78 in 52 weeks. It has reached a new high 1 time so far this year and lost -74.63% or -$16.56 in price. In spite of this, the price is down -76.32% from the 52-week high.

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Insider Transactions

QS stock investors should be aware that QuantumScape Corporation (QS) stock had its last reported insider trading activity 17 days ago on Dec 13. In this transaction, the insider spent $64,230. Chief Development Officer, Singh Mohit, disposed of 6,843 shares at a price of $7.51 on Dec 01. The insider now owns more than $51,424 worth of shares. Prior to that, Chief Development Officer Singh Mohit went on to Sale 10,157 shares at $7.50 each on Nov 30. An amount of $76,189 was transacted.

Financial Health

The quick ratio of QuantumScape Corporation for the three months ended September 29 was 25.70, and the current ratio was 25.70, 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 September 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 September 29, QuantumScape Corporation had $857.34 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$117.66 million in the quarter, while revenues of -$94.83 million were grew 113.05%. The analyst consensus anticipated QuantumScape Corporation’s latest quarter earnings to come in at -$0.21 per share, but it turned out to be -$0.27, a -28.60% surprise. For the quarter, EBITDA amounted to -$109.42 million. At the end of the quarter ending September 29, QuantumScape Corporation’s stock balance sheet showed total liabilities of 157.01 million. Shareholders own equity worth $435.96 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 29 December was 36.05%, suggesting the stock is Neutral, with historical volatility in this time frame at 61.52%.

As of today, QS’s price is $5.47 -2.93% or -$0.17 from its 5-day moving average. QS is currently trading -24.83% lower than its 20-day SMA and -54.89% lower than its 100-day SMA. However, the stock’s current price level is -32.41% below the SMA50 and -60.77% below the SMA200.

The stochastic %K and %D were 9.38% and 6.84%, respectively, and the average true range (ATR) was 0.43. With the 14-day stochastic at 20.31% and the average true range at 0.46, the RSI (14) stands at 35.75%. The stock has reached -0.29 on the 9-day MACD Oscillator while the 14-day reading was at -0.73.

Analyst Ratings

Goldman downgraded QuantumScape Corporation (NYSE: QS) to a a Sell rating in its most recent analyst report. Previously, the stock was rated as a Neutral.


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