QuantumScape Corp (NYSE:QS) finished Thursday with an addition of $0.19 to close at $6.54, an upside of 2.99 percent. An average of 4,006,500 shares of common stock have been traded in the last five days. There was a gain of $0.05 in the past week, and it reached a new high 8 times over the past 12 months. The last 20 days have seen an average of 4,639,905 shares traded, while the 50-day average volume stands at 9,385,292.
QS stock has decreased by -10.04% in the last month. The company shares reached their 1-month lowest point of $6.18 on 09/27/23. 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 15.34% or $0.87 in price. In spite of this, the price is down -52.81% from the 52-week high.
Insider Transactions
QS stock investors should be aware that QuantumScape Corp (QS) stock had its last reported insider trading activity 17 days ago on Sep 12. In this transaction, the insider spent $244,422. Director, Straubel Jeffrey B, disposed of 69,309 shares at a price of $7.00 on Sep 05. The insider now owns more than $485,191 worth of shares. Prior to that, Chief Financial Officer Hettrich Kevin went on to Sale 76,648 shares at $6.84 each on Aug 18. An amount of $524,349 was transacted.
Valuation Metrics
QuantumScape Corp (QS) stock’s beta is 5.20. Other valuation ratios to consider include the price-to-book (PB) ratio at 2.46.
Financial Health
The quick ratio of QuantumScape Corp for the three months ended June 29 was 19.25, and the current ratio was 19.25, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.08 and a total debt to equity ratio of 0.09 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 Corp’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 Corp (QS) price momentum. RSI 9-day as of the close on 28 September was 41.74%, suggesting the stock is Neutral, with historical volatility in this time frame at 38.91%.
As of today, QS’s price is $6.39 +0.77% or $0.05 from its 5-day moving average. QS is currently trading -8.53% lower than its 20-day SMA and +2.35% higher than its 100-day SMA. However, the stock’s current price level is -35.82% below the SMA50 and -8.02% below the SMA200.
The stochastic %K and %D were 16.00% and 9.41%, respectively, and the average true range (ATR) was 0.31. With the 14-day stochastic at 32.13% and the average true range at 0.35, the RSI (14) stands at 40.18%. The stock has reached -0.20 on the 9-day MACD Oscillator while the 14-day reading was at -0.36.
Analyst Ratings
Evercore ISI launched coverage on QuantumScape Corp (NYSE: QS) in its analyst report released on September 18, 2023. The firm assigned the stock an Outperform rating. The consensus rating for QuantumScape Corp (QS) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm 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 1 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 $5.00 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 Corp (QS) stock is $8.14.
