As of Friday close, QuantumScape Corporation’s (NYSE:QS) stock was down -$0.79, moving down -8.97 percent to $8.02. The average number of shares traded per day over the past five days has been 24,366,939 shares. 1 time new highs have been achieved over the past 5 days, with a -$5.25 fall in that time frame. In the last twenty days, the average volume was 15,473,170, while in the previous 50 days, it was 9,600,796.
Since last month, QS stock retreated -6.85%. Shares of the company fell to $7.69 on 08/04/23, the lowest level in the past month. A 52-week high of $13.86 was reached on 07/31/23 after having rallying from a 52-week low of $5.11. Since the beginning of this year, QS’s stock price has risen by 41.45% or $2.35, and marked a new high 13 times. However, the stock has declined by -42.14% since its 52-week high.
QS stock investors should be aware that QuantumScape Corporation (QS) stock had its last reported insider trading activity 24 days ago on Jul 12. Holme Timothy, the Chief Technology Officer of the company, disposed of 144,623 shares for $10.14 on Jul 12. It resulted in a $1,466,202 divestment by the insider. Singh Mohit sold 76,700 shares at an average price of $8.59 on Jul 05. The insider now owns 700,386 shares following the transaction. On Jul 05, Chief Financial Officer Hettrich Kevin sold 34,607 shares at $8.50 apiece. The transaction was valued at $294,146.
Financial Health
In the three months ended June 29, 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 June 29 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 higher net income in the recent quarter than it did in the previous quarter. While analysts expected QuantumScape Corporation to report -$0.2 quarterly earnings, the actual figure was -$0.26 per share. During the quarter, the company generated -$114.91 million in EBITDA. The liabilities of QuantumScape Corporation were 158.03 million at the end of its most recent quarter ended June 29, and its total debt was $104.12 million. The value of shareholders’ equity is $447.66 million.
Technical Picture
This quick technical analysis looks at QuantumScape Corporation’s (QS) price momentum. With a historical volatility rate of 198.55%, the RSI 9-day stood at 34.25% on 04 August.
With respect to its five-day moving average, the current QuantumScape Corporation price is down by -39.56% percent or -$5.25. At present, QS shares trade -8.66% below its 20-day simple moving average and +8.09% percent above its 100-day simple moving average. However, the stock is currently trading approximately +20.60% above its SMA50 and -1.47% below its SMA200.
Stochastic coefficient K was 16.05% and Stochastic coefficient D was 40.35%, while ATR was 1.32. Given the Stochastic reading of 5.35% for the 14-day period, the RSI (14) reading has been calculated as 40.42%. As of today, the MACD Oscillator reading stands at -1.41, while the 14-day reading stands at -1.13.
Analyst Ratings
QuantumScape Corporation downgraded its rating on QuantumScape Corporation (NYSE: QS) to a Market perform in a note to investors on July 19, 2023. The analysts firm previously had an Outperform rating on the stock.QuantumScape Corporation (QS) has been rated Underweight by analysts. According to 3 brokerage firms, 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 $7.00, the current consensus forecast for the stock is $2.00 – $10.00. Based on these forecasts, analysts predict QuantumScape Corporation (QS) will achieve an average price target of $6.50.
