QuantumScape Corp (NYSE:QS) price on Wednesday, March 27, rose 8.17% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $6.22.
A look at the stock’s price movement, the close in the last trading session was $5.75. The beta value (5-Year monthly) was 4.80. Turning to its 52-week performance, $13.86 and $4.99 were the 52-week high and 52-week low respectively. Overall, QS moved 0.97% over the past month.
QuantumScape Corp’s market cap currently stands at around $3.08 billion, with investors looking forward to this quarter’s earnings report slated for Apr 24, 2024 – Apr 29, 2024. Analysts project the company’s earnings per share (EPS) to be -$0.19, which has seen fiscal year 2024 EPS growth forecast to increase to -$0.86 and about -$0.85 for fiscal year 2025. Per the data, EPS growth is expected to be 10.40% for 2024 and 1.20% for the next financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that QS is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
QS’s current price about 4.92% and -4.45% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 52.85, while 7-day volatility ratio is 5.29% and 4.59% in the 30-day chart. Further, QuantumScape Corp (QS) has a beta value of 4.78, and an average true range (ATR) of 0.31.
If we refocus on QuantumScape Corp (NYSE:QS), historical trading data shows that trading volumes averaged 5.43 million over the past 10 days and 9.99 million over the past 3 months. The company’s latest data on shares outstanding shows there are 433.16 million shares.
The 32.28% of QuantumScape Corp’s shares are in the hands of company insiders while institutional holders own 24.86% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 54.91 million on Feb 29, 2024, giving us a short ratio of 7.27. The data shows that as of Feb 29, 2024 short interest in QuantumScape Corp (QS) stood at 11.07% of shares outstanding, with shares short falling to 55.72 million registered in Jan 31, 2024. Current price change has pushed the stock -10.50% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the QS stock continues to rise going into the next quarter.
