QuantumScape Corporation [NYSE: QS] stock went on an upward path that rose over 0.94% on Friday, amounting to a one-week price decrease of less than -2.35%. The company report on June 12, 2021 that Did You Acquire (QS) Before November 27, 2020? Johnson Fistel Investigates QuantumScape; Should Management be Held Accountable for Investors Losses?.
Johnson Fistel, LLP is investigating potential claims on behalf of QuantumScape Corporation (“QuantumScape” or the “Company”) (NYSE: QS) against certain of its officers and directors.
The average equity rating for QS stock is currently 2.50, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $11.22 billion, with 368.78 million shares outstanding and 150.01 million shares in the current float. Compared to the average trading volume of 13.28M shares, QS stock reached a trading volume of 10802856 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on QuantumScape Corporation [QS]:
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 2.49 The Price to Book ratio for the last quarter was 7.95, with the Price to Cash per share for the same quarter was set at 3.81.
QS Stock Performance Analysis:
QuantumScape Corporation [QS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.35. With this latest performance, QS shares gained by 2.20% in over the last four-week period, additionally sinking by -62.87% 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 44.07, with the RSI for the last a single of trading hit 45.56, and the three-weeks RSI is set at 42.87 for QuantumScape Corporation [QS]. The present Moving Average for the last 50 days of trading for this stock 33.44, while it was recorded at 29.50 for the last single week of trading, and 38.10 for the last 200 days.
Insight into QuantumScape Corporation Fundamentals:
Return on Total Capital for QS is now -30.58, given the latest momentum, and Return on Invested Capital for the company is -641.69. Return on Equity for this stock declined to -672.09, with Return on Assets sitting at -271.44. When it comes to the capital structure of this company, QuantumScape Corporation [QS] has a Total Debt to Total Equity ratio set at 3.54. Additionally, QS Total Debt to Total Capital is recorded at 3.42, with Total Debt to Total Assets ending up at 1.17. Long-Term Debt to Equity for the company is recorded at 3.20, with the Long-Term Debt to Total Capital now at 3.09.
Reflecting on the efficiency of the workforce at the company, QuantumScape Corporation [QS] managed to generate an average of -$5,880,339 per employee.QuantumScape Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 72.20 and a Current Ratio set at 72.20.
QuantumScape Corporation [QS] Insider Position Details
There are presently around $1,820 million, or 31.60% of QS stock, in the hands of institutional investors. The top three institutional holders of QS stocks are: VANGUARD GROUP INC with ownership of 11,108,858, which is approximately 1272.964% of the company’s market cap and around 28.80% of the total institutional ownership; BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY, holding 7,794,742 shares of the stock with an approximate value of $217.47 million in QS stocks shares; and NORGES BANK, currently with $181.35 million in QS stock with ownership of nearly New of the company’s market capitalization.
Positions in QuantumScape Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 232 institutional holders increased their position in QuantumScape Corporation [NYSE:QS] by around 34,843,856 shares. Additionally, 73 investors decreased positions by around 32,719,790 shares, while 21 investors held positions by with 2,338,495 shares. The mentioned changes placed institutional holdings at 65,225,151 shares, according to the latest SEC report filing. QS stock had 156 new institutional investments in for a total of 18,998,345 shares, while 50 institutional investors sold positions of 8,051,020 shares during the same period.