QuantumScape Corp (NYSE:QS) shares, rose in value, with the stock price down by -3.28% to the previous day’s close as strong demand from buyers drove the stock to $5.90.
Actively observing the price movement in the last trading, the stock closed the session at $6.10. The value of beta (5-year monthly) was 4.80. Referring to stock’s 52-week performance, its high was $13.86, and the low was $4.99. On the whole, QS has fluctuated by -1.01% over the past month.
With the market capitalization of QuantumScape Corp currently standing at about $2.93 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 24, 2024 – Apr 29, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.19, which is expected to increase to -$0.16 for fiscal year -$0.86 and then to about -$0.85 by fiscal year 2025. Data indicates that the EPS growth is expected to be 10.40% in 2025, while the next year’s EPS growth is forecast to be 1.20%.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that QS’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of QS currently trading nearly -0.31% and -8.50% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.53, while the 7-day volatility ratio is showing 5.27% which for the 30-day chart, stands at 4.69%. Furthermore, QuantumScape Corp (QS)’s beta value is 4.76, and its average true range (ATR) is 0.32.
A comparison of QuantumScape Corp (QS) with its peers suggests the former has fared considerably weaker in the market. QS showed an intraday change of -3.28% in last session, and over the past year, it shrunk by -26.43%%.
Data on historical trading for QuantumScape Corp (NYSE:QS) indicates that the trading volumes over the past 10 days have averaged 5.8 million and over the past 3 months, they’ve averaged 10.11 million. According to company’s latest data on outstanding shares, there are 433.16 million shares outstanding.
Nearly 32.28% of QuantumScape Corp’s shares belong to company insiders and institutional investors own 24.86% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 54.69 million shares as on Mar 15, 2024, resulting in a short ratio of 8.28. According to the data, the short interest in QuantumScape Corp (QS) stood at 11.03% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 57.54 million. The stock has fallen by -15.11% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the QS stock heading into the next quarter.
