QuantumScape Corporation (NYSE:QS) finished Thursday with a subtraction of -$0.13 to close at $6.71, a downside of -1.90 percent. An average of 4,749,040 shares of common stock have been traded in the last five days. There was a fall of -$0.11 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 13,476,350 shares traded, while the 50-day average volume stands at 10,165,540.
QS stock has decreased by -28.39% in the last month. The company shares reached their 1-month lowest point of $6.63 on 08/24/23. With the stock rallying to its 52-week high on 07/31/23, shares of the company touched a low of $5.11 and a high of $13.86 in 52 weeks. It has reached a new high 13 times so far this year and achieved 18.34% or $1.04 in price. In spite of this, the price is down -51.59% 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 7 days ago on Aug 18. In this transaction, the insider spent $524,349. Director, Straubel Jeffrey B, disposed of 69,321 shares at a price of $7.30 on Aug 14. The insider now owns more than $505,932 worth of shares. Prior to that, Chief Technology Officer Holme Timothy went on to Sale 144,623 shares at $10.14 each on Jul 12. An amount of $1,466,202 was transacted.
Valuation Metrics
QuantumScape Corporation (QS) stock’s beta is 5.32. Other valuation ratios to consider include the price-to-book (PB) ratio at 2.51.
Financial Health
The quick ratio of QuantumScape Corporation for the three months ended June 29 was 19.20, and the current ratio was 19.20, 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 June 29. Its gross profit as reported stood at $2.4 million compared to revenue of $420.62 million.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$116.52 million in the quarter, while revenues were grew 18.61%. The analyst consensus anticipated QuantumScape Corporation’s latest quarter earnings to come in at -$0.2 per share, but it turned out to be -$0.26, a -30.00% surprise. For the quarter, EBITDA amounted to -$114.91 million. Shareholders own equity worth $447.66 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 24 August was 27.19%, suggesting the stock is oversold, with historical volatility in this time frame at 27.60%.
As of today, QS’s price is $6.82 -1.61% or -$0.11 from its 5-day moving average. QS is currently trading -37.35% lower than its 20-day SMA and -17.97% lower than its 100-day SMA. However, the stock’s current price level is -10.53% below the SMA50 and -17.06% below the SMA200.
The stochastic %K and %D were 6.62% and 5.59%, respectively, and the average true range (ATR) was 0.51. With the 14-day stochastic at 4.95% and the average true range at 0.61, the RSI (14) stands at 34.11%. The stock has reached -0.14 on the 9-day MACD Oscillator while the 14-day reading was at -0.45.
Analyst Ratings
TD Cowen downgraded QuantumScape Corporation (NYSE: QS) to a a Market perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for QuantumScape Corporation (QS) among analysts is Underweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell QS, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is QS’s price target for the next 12 months?
Analysts predict a range of price targets between $2.00 and $10.00, with a median target of $8.00. Taking a look at these predictions, the average price target given by analysts for QuantumScape Corporation (QS) stock is $7.00.
