QuantumScape Corporation (QS) Insider Trading: What Insights Can Be Gained?


As of Friday close, QuantumScape Corporation’s (NYSE:QS) stock was up $0.09, moving up 1.22 percent to $7.48. The average number of shares traded per day over the past five days has been 4,475,220 shares. 1 time new highs have been achieved over the past 5 days, with a $0.13 gain in that time frame. In the last twenty days, the average volume was 5,498,035, while in the previous 50 days, it was 6,950,386.

Since last month, QS stock retreated -36.82%. Shares of the company fell to $6.75 on 03/15/23, the lowest level in the past month. A 52-week high of $22.21 was reached on 02/15/23 after having rallying from a 52-week low of $5.11. Since the beginning of this year, QS’s stock price has risen by 31.92% or $1.81, and marked a new high 10 times. However, the stock has declined by -66.32% 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 10 days ago on Mar 08. Singh Jagdeep, the Chief Executive Officer of the company, disposed of 355,000 shares for $7.78 on Mar 08. It resulted in a $2,760,870 divestment by the insider. Singh Jagdeep sold 301,406 shares at an average price of $8.37 on Mar 07. The insider now owns 970,877 shares following the transaction. On Mar 07, Chief Development Officer Singh Mohit sold 13,279 shares at $8.34 apiece. The transaction was valued at $110,703.

Financial Health

In the three months ended December 30, QuantumScape Corporation’s quick ratio stood at 22.90, while its current ratio was 22.90, 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 December 30 was 0.03, and the total debt-to-equity ratio was 0.03. Based on annual data, QS earned $2.4 million in gross profit and brought in $420.62 million in revenue.

According to the earnings report, the company had a lower 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 -$0.25 per share, beating the consensus estimate by -19.00%. During the quarter, the company generated -$102.47 million in EBITDA. The liabilities of QuantumScape Corporation were 157.57 million at the end of its most recent quarter ended December 30, and its total debt was $105.42 million. The value of shareholders’ equity is $439.97 million.

Technical Picture

This quick technical analysis looks at QuantumScape Corporation’s (QS) price momentum. With a historical volatility rate of 58.69%, the RSI 9-day stood at 39.55% on 17 March.

With respect to its five-day moving average, the current QuantumScape Corporation price is up by +1.77% percent or $0.13. At present, QS shares trade -23.75% below its 20-day simple moving average and -7.65% percent below its 100-day simple moving average. However, the stock is currently trading approximately +34.53% above its SMA50 and -41.52% below its SMA200.

Stochastic coefficient K was 19.33% and Stochastic coefficient D was 13.89%, while ATR was 0.62. Given the Stochastic reading of 25.04% for the 14-day period, the RSI (14) reading has been calculated as 42.49%. As of today, the MACD Oscillator reading stands at -0.15, while the 14-day reading stands at -0.72.

Analyst Ratings

QuantumScape Corporation downgraded its rating on QuantumScape Corporation (NYSE: QS) to a Sell in a note to investors on December 14, 2022. The analysts firm previously had a Neutral rating on the stock.QuantumScape Corporation (QS) has been rated Underweight by analysts. According to 2 brokerage firms, QS is a sell, and 4 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 $9.50, the current consensus forecast for the stock is $3.00 – $11.00. Based on these forecasts, analysts predict QuantumScape Corporation (QS) will achieve an average price target of $8.00.


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