QuantumScape Corporation [NYSE: QS] surged by $0.21 during the normal trading session on Monday and reaching a high of $10.96 during the day while it closed the day at $10.24. The company report on July 13, 2022 that QuantumScape Announces Timing of Second Quarter 2022 Financial Results and Webcast.
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QuantumScape Corporation (NYSE: QS), a leader in developing next-generation solid-state lithium-metal batteries for use in electric vehicles, today announced it will release 2022 second-quarter financial results after market close on Wednesday, July 27, 2022. This will be followed by a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Jagdeep Singh, co-founder and chief executive officer, and Kevin Hettrich, chief financial officer, will participate on the call.
Starting today, July 13, shareholders can submit and upvote questions they would like addressed on the earnings call. QuantumScape management will respond to a selection of the most upvoted questions. Please submit questions on this online Q&A platform. We will accept questions on the Q&A platform until Tuesday, July 26, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).
QuantumScape Corporation stock has also gained 10.46% of its value over the past 7 days. However, QS stock has declined by -43.77% in the 3 months of the year. Over the past six months meanwhile, it has lost -50.27% and lost -53.85% year-on date.
The market cap for QS stock reached $4.27 billion, with 429.33 million shares outstanding and 273.92 million shares in the current float. Compared to the average trading volume of 7.49M shares, QS reached a trading volume of 8380904 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $16.14 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 2.90. 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.
Deutsche Bank have made an estimate for QuantumScape Corporation shares, keeping their opinion on the stock as Hold, with their previous recommendation back on April 12, 2022. While these analysts kept the previous recommendation, SMBC Nikko raised their target price to Neutral. The new note on the price target was released on March 29, 2022, representing the official price target for QuantumScape Corporation stock. Previously, the target price had yet another raise to $18, while UBS analysts kept a Neutral rating on QS stock.
The Average True Range (ATR) for QuantumScape Corporation is set at 0.70 The Price to Book ratio for the last quarter was 2.87, with the Price to Cash per share for the same quarter was set at 3.24.
QS stock trade performance evaluation
QuantumScape Corporation [QS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.46. With this latest performance, QS shares gained by 11.18% in over the last four-week period, additionally sinking by -50.27% over the last 6 months – not to mention a drop of -55.21% in the past year of trading.
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 52.75, with the RSI for the last a single of trading hit 60.83, and the three-weeks RSI is set at 48.30 for QuantumScape Corporation [QS]. The present Moving Average for the last 50 days of trading for this stock 10.71, while it was recorded at 9.82 for the last single week of trading, and 18.87 for the last 200 days.
QuantumScape Corporation [QS]: An insightful look at the core fundamentals
Return on Equity for this stock declined to -4.69, with Return on Assets sitting at -3.30.
QuantumScape Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 48.60 and a Current Ratio set at 48.60.
Earnings per share (EPS) analysis for QuantumScape Corporation [QS] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for QS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for QuantumScape Corporation go to 25.88%.
QuantumScape Corporation [QS]: Insider Ownership positions
There are presently around $1,027 million, or 34.60% of QS stock, in the hands of institutional investors. The top three institutional holders of QS stocks are: VANGUARD GROUP INC with ownership of 18,122,533, which is approximately 4.634% of the company’s market cap and around 1.70% of the total institutional ownership; CAPRICORN INVESTMENT GROUP LLC, holding 15,164,596 shares of the stock with an approximate value of $152.1 million in QS stocks shares; and MIRAE ASSET GLOBAL INVESTMENTS CO., LTD., currently with $96.0 million in QS stock with ownership of nearly 105.464% of the company’s market capitalization.
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 171 institutional holders increased their position in QuantumScape Corporation [NYSE:QS] by around 14,293,272 shares. Additionally, 159 investors decreased positions by around 15,100,376 shares, while 81 investors held positions by with 73,040,118 shares. The mentioned changes placed institutional holdings at 102,433,766 shares, according to the latest SEC report filing. QS stock had 57 new institutional investments in for a total of 1,523,081 shares, while 81 institutional investors sold positions of 3,043,774 shares during the same period.