Market Analysts see QuantumScape Corporation [QS] gaining to $35. Time to buy?

QuantumScape Corporation [NYSE: QS] loss -5.55% on the last trading session, reaching $21.80 price per share at the time. The company report on July 28, 2021 that QuantumScape Announces Second Quarter 2021 Financial Results & Posts Shareholder Letter to IR Website.

QuantumScape Corporation (NYSE: QS), a leader in the development of next-generation solid-state lithium-metal batteries for use in electric vehicles, announced its financial results for the second quarter of 2021, which ended June 30, 2021.

The company posted a Shareholder Letter to its Investor Relations website, https://ir.quantumscape.com/, detailing its results and providing a business update, including that it is currently testing its first 10-layer cells, and is making progress on construction of the QS-0 pre-pilot manufacturing line, including ordering long-lead equipment.

QuantumScape Corporation represents 404.96 million in outstanding shares, while the company has a total market value of $8.93 billion with the latest information. QS stock price has been found in the range of $21.51 to $23.16.

If compared to the average trading volume of 11.11M shares, QS reached a trading volume of 13825801 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about QuantumScape Corporation [QS]:

JP Morgan have made an estimate for QuantumScape Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 21, 2021. While these analysts kept the previous recommendation, Wolfe Research raised their target price to Peer Perform. The new note on the price target was released on June 17, 2021, representing the official price target for QuantumScape Corporation stock. Previously, the target price had yet another raise to $57, while Cowen analysts kept a Outperform rating on QS stock.

The Average True Range (ATR) for QuantumScape Corporation is set at 1.67 The Price to Book ratio for the last quarter was 5.86, with the Price to Cash per share for the same quarter was set at 3.83.

Trading performance analysis for QS stock

QuantumScape Corporation [QS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.82. With this latest performance, QS shares dropped by -18.35% in over the last four-week period, additionally sinking by -48.80% 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 38.76, with the RSI for the last a single of trading hit 38.21, and the three-weeks RSI is set at 39.38 for QuantumScape Corporation [QS]. The present Moving Average for the last 50 days of trading for this stock 26.04, while it was recorded at 22.93 for the last single week of trading, and 39.82 for the last 200 days.

QuantumScape Corporation [QS]: A deeper dive into fundamental analysis

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 62.40 and a Current Ratio set at 62.40.

An analysis of insider ownership at QuantumScape Corporation [QS]

There are presently around $1,438 million, or 27.00% 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 23.50% 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 $169.93 million in QS stocks shares; and NORGES BANK, currently with $141.7 million in QS stock with ownership of nearly New of the company’s market capitalization.

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Positions in QuantumScape Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 221 institutional holders increased their position in QuantumScape Corporation [NYSE:QS] by around 35,370,589 shares. Additionally, 91 investors decreased positions by around 32,844,994 shares, while 32 investors held positions by with 2,242,231 shares. The mentioned changes placed institutional holdings at 65,973,352 shares, according to the latest SEC report filing. QS stock had 135 new institutional investments in for a total of 19,491,684 shares, while 61 institutional investors sold positions of 8,126,651 shares during the same period.

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