Quanergy Systems Inc. [QNGY] Stock trading around $1.27 per share: What’s Next?

Quanergy Systems Inc. [NYSE: QNGY] traded at a low on 10/24/22, posting a -16.99 loss after which it closed the day’ session at $1.27. The company report on October 4, 2022 that Quanergy Announces Reverse Stock Split.


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Quanergy Systems, Inc., (NYSE:QNGY) (“Quanergy” or the “Company”) a leading provider of LiDAR sensors and smart 3D solutions, announced today that its Board of Directors has approved a reverse stock split of its outstanding shares of common stock (the “Common Stock”) at a ratio of 1-for-20 (the “reverse stock split”). The reverse stock split will be effective at 4:01 p.m. (EDT) on October 6, 2022, and shares of Common Stock will begin trading on a split-adjusted basis when the New York Stock Exchange (the “NYSE”) opens on Friday, October 7, 2022. The Common Stock will continue to trade on the NYSE under the trading symbol “QNGY,” but will trade under the following new CUSIP number starting October 7, 2022: 74764U 203. The reverse stock split was approved by Quanergy’s stockholders at the special meeting of stockholders held on October 3, 2022.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221004005503/en/.

The results of the trading session contributed to over 6656542 shares changing hands. Over the past one week, the price volatility of Quanergy Systems Inc. stands at 49.71% while the volatility over the past one month is 24.32%.

The market cap for QNGY stock reached $9.96 million, with 5.89 million shares outstanding and 5.46 million shares in the current float. Compared to the average trading volume of 318.90K shares, QNGY reached a trading volume of 6656542 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Quanergy Systems Inc. [QNGY]?

The Average True Range (ATR) for Quanergy Systems Inc. is set at 0.59, with the Price to Sales ratio for QNGY stock in the period of the last 12 months amounting to 1.91. The Price to Book ratio for the last quarter was 0.30, with the Price to Cash per share for the same quarter was set at 2.39.

How has QNGY stock performed recently?

Quanergy Systems Inc. [QNGY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -24.40. With this latest performance, QNGY shares dropped by -69.37% in over the last four-week period, additionally sinking by -96.06% over the last 6 months – not to mention a drop of -99.37% 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 QNGY stock in for the last two-week period is set at 27.00, with the RSI for the last a single of trading hit 26.32, and the three-weeks RSI is set at 29.00 for Quanergy Systems Inc. [QNGY]. The present Moving Average for the last 50 days of trading for this stock 4.6028, while it was recorded at 1.4700 for the last single week of trading, and 39.8988 for the last 200 days.

Quanergy Systems Inc. [QNGY]: Deeper insight into the fundamentals

Return on Equity for this stock inclined to 7.28, with Return on Assets sitting at 6.27.

Quanergy Systems Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.90 and a Current Ratio set at 2.30.

Insider trade positions for Quanergy Systems Inc. [QNGY]

There are presently around $0 million, or 10.80% of QNGY stock, in the hands of institutional investors. The top three institutional holders of QNGY stocks are: VANGUARD GROUP INC with ownership of 33,785, which is approximately 0% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 24,127 shares of the stock with an approximate value of $31000.0 in QNGY stocks shares; and MILLENNIUM MANAGEMENT LLC, currently with $14000.0 in QNGY stock with ownership of nearly -6.452% of the company’s market capitalization.

22 institutional holders increased their position in Quanergy Systems Inc. [NYSE:QNGY] by around 43,124 shares. Additionally, 16 investors decreased positions by around 20,071 shares, while 11 investors held positions by with 71,944 shares. The mentioned changes placed institutional holdings at 135,139 shares, according to the latest SEC report filing. QNGY stock had 14 new institutional investments in for a total of 33,621 shares, while 10 institutional investors sold positions of 15,124 shares during the same period.

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