Market Analysts see QuantumScape Corporation [QS] gaining to $57. Time to buy?

QuantumScape Corporation [NYSE: QS] traded at a high on 03/22/21, posting a 8.34 gain after which it closed the day’ session at $64.29. The company report on March 23, 2021 that QuantumScape Announces Proposed Public Offering of Class A Common Stock.

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QuantumScape Corporation (NYSE: QS), commenced an underwritten public offering of 13,000,000 shares of its Class A common stock being offered by QuantumScape. QuantumScape intends to grant the underwriters a 30-day option to purchase up to an additional 1,950,000 shares of Class A common stock. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

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QuantumScape intends to use the net proceeds it receives from the offering to build a larger QS-0 pre-pilot line than recently announced; to cover its full share of equity contributions to its joint venture with VW for the previously disclosed 20GWh expansion of QS-1 joint manufacturing facility; and for working capital and general corporate purposes.

The results of the trading session contributed to over 17997620 shares changing hands. Over the past one week, the price volatility of QuantumScape Corporation stands at 10.86% while the volatility over the past one month is 13.03%.

The market cap for QS stock reached $22.63 billion, with 252.14 million shares outstanding and 99.53 million shares in the current float. Compared to the average trading volume of 19.28M shares, QS reached a trading volume of 17997620 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about QuantumScape Corporation [QS]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for QS shares is $58.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on QS stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Cowen have made an estimate for QuantumScape Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 09, 2021. While these analysts kept the previous recommendation, Robert W. Baird raised their target price to Neutral. The new note on the price target was released on March 04, 2021, representing the official price target for QuantumScape Corporation stock. Previously, the target price had yet another raise to $70, while Morgan Stanley analysts kept a Overweight rating on QS stock.

The Average True Range (ATR) for QuantumScape Corporation is set at 6.93 The Price to Book ratio for the last quarter was 15.57, with the Price to Cash per share for the same quarter was set at 2.83.

How has QS stock performed recently?

QuantumScape Corporation [QS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.28. With this latest performance, QS shares gained by 3.26% in over the last four-week period, additionally plugging by 260.17% over the last 6 months.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for QS stock in for the last two-week period is set at 58.98, with the RSI for the last a single of trading hit 63.25, and the three-weeks RSI is set at 56.36 for QuantumScape Corporation [QS]. The present Moving Average for the last 50 days of trading for this stock 52.75, while it was recorded at 59.50 for the last single week of trading.

QuantumScape Corporation [QS]: Deeper insight into the fundamentals

QuantumScape Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 81.70 and a Current Ratio set at 81.70.

Insider trade positions for QuantumScape Corporation [QS]

There are presently around $4,131 million, or 37.20% of QS stock, in the hands of institutional investors. The top three institutional holders of QS stocks are: FMR LLC with ownership of 12,500,000, which is approximately New of the company’s market cap and around 3.40% of the total institutional ownership; JANUS HENDERSON GROUP PLC, holding 9,029,133 shares of the stock with an approximate value of $580.48 million in QS stocks shares; and BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY, currently with $498.41 million in QS stock with ownership of nearly New of the company’s market capitalization.

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160 institutional holders increased their position in QuantumScape Corporation [NYSE:QS] by around 67,803,341 shares. Additionally, 45 investors decreased positions by around 4,644,568 shares, while 1 investors held positions by with 2,829,680 shares. The mentioned changes placed institutional holdings at 69,618,229 shares, according to the latest SEC report filing. QS stock had 140 new institutional investments in for a total of 54,213,896 shares, while 32 institutional investors sold positions of 4,168,313 shares during the same period.

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