The trading price of QuantumScape Corp (NYSE:QS) floating lower at last check on Monday, April 01, closing at $6.12, -2.70% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $13.86 and a 52-week low of $4.99. Over the past month, the stock has lost -2.39% in value.
QuantumScape Corp, whose market valuation is $3.03 billion at the time of this writing, is expected to release its quarterly earnings report Apr 24, 2024 – Apr 29, 2024. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.19 per share this quarter, however they have predicted annual earnings per share of -$0.86 for 2024 and -$0.85 for 2025. It means analysts are expecting annual earnings per share growth of 10.40% this year and 1.20% next year.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of QuantumScape Corp No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest QS has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that QS’s price is currently 3.22% off the SMA20 and -5.66% off the SMA50. The RSI metric on the 14-day chart is currently showing 50.05, and weekly volatility stands at 5.49%. When measured over the past 30 days, the indicator reaches 4.52%. QuantumScape Corp (NYSE:QS)’s beta value is currently sitting at 4.76, while the Average True Range indicator is currently displaying 0.31.
To see how QuantumScape Corp stock has been performing today in comparison to its peers in the industry, here are the numbers: QS stock’s performance was -2.70% at last check in today’s session, and -20.83% in the past year.
An evaluation of the daily trading volume of QuantumScape Corp (NYSE:QS) indicates that the 3-month average is 10.12 million. However, this figure has increased over the past 10 days to an average of 5.36 million.
Currently, records show that 433.16 million of the company’s shares remain outstanding. The insiders hold 32.28% of outstanding shares, whereas institutions hold 24.86%. The stats also highlight that short interest as of Mar 15, 2024, stood at 54.69 million shares, resulting in a short ratio of 8.28 at that time. From this, we can conclude that short interest is 11.03% of the company’s total outstanding shares. It is noteworthy that short shares in March were down slightly from the previous month’s figure, which was 57.54 million. However, since the stock’s price has seen -11.94% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
