The stock of QuantumScape Corporation (NYSE:QS) decreased by -$0.06 on Monday to finish at $7.44, down -0.80 percent. The last five days have seen an average of 8,868,480 shares of common stock traded. 13 times new highs were reached in the current year, with a gain of $1.77. The average number of shares traded over the last 20 days was 16,204,689, while the average volume over the last 50 days totaled 10,352,246.
QS stock dropped -24.54% since last month. On 08/14/23, the company’s shares reached a one-month low of $7.15. The stock touched a high of $13.86 on 07/31/23, after rallying from a low of $5.11 in 52 weeks. The price of QS stock has risen by 31.22% or $1.77 this year, reaching a new high 13 times. Still, the stock price is down -46.32% from the 52-week high.
Insider Transactions
QS stock investors should be aware that QuantumScape Corporation (QS) stock had its last reported insider trading activity 34 days ago on Jul 12. On Jul 12, Chief Technology Officer Holme Timothy sold 144,623 shares at $10.14 each. This transaction resulted in the insider making $1,466,202. On Jul 05, Singh Mohit sold 76,700 shares at a price of US$8.59. After the transaction, the insider now owns 700,386 shares. Chief Financial Officer Hettrich Kevin had earlier sold 34,607 shares on Jul 05 for $8.50 a share. The transaction was completed for $294,146.
Financial Health
For the three months ended June 29, QuantumScape Corporation’s quick ratio was 19.20, while its current ratio was 19.20, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.03, and the total debt to equity ratio is 0.03. Based on annual data, it had gross profit of $2.4 million and revenue of $420.62 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. QS’s return on assets (ROA) during the last 12 months has been -31.00%. In the meantime, the return on equity (ROE) for the last 12 months was -34.80%.
Earnings Surprise
According to QuantumScape Corporation’s quarterly financial report for the quarter that ended June 29, it had $676.83 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that QuantumScape Corporation’s quarterly earnings would be -$0.26, but it ended up being -$0.2. EBITDA was -$114.91 million for the quarter. At the end of QuantumScape Corporation’s most recent quarter ended June 29, its liabilities totaled 158.03 million, while its total debt was $104.12 million. Equity owned by shareholders amounts to $447.66 million.
Technical Picture
Here’s a quick look at QuantumScape Corporation’s (QS) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 31.41%, suggesting the stock is Neutral, with a 109.13% historical volatility rate.
The stochastic %K and %D were 2.16% and 2.85% respectively, while the average true range (ATR) was 0.86. Based on the 14-day stochastic reading of 4.32%, the RSI (14) reading is 37.81%. On the 9-day MACD Oscillator, the stock is at -0.77, and the 14-day reading is at -2.05.
Analyst Ratings
QuantumScape Corporation (NYSE: QS) was downgraded by TD Cowen to a a Market perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned QuantumScape Corporation (QS) an Underweight rating. QS is a stock that is recommended for selling by 2 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is QS’s price target for the next 12 months?
The current consensus forecast for the stock is between $2.00 and $10.00, with a median target price of $8.00. In analyzing these forecasts, the average price target given by analysts for QuantumScape Corporation (QS) is $7.00.
