QuantumScape Corporation [NYSE: QS] closed the trading session at $7.81 on 11/07/22. The day’s price range saw the stock hit a low of $7.6301, while the highest price level was $8.31. The company report on October 26, 2022 that QuantumScape Reports Third Quarter 2022 Business and Financial Results.
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QuantumScape Corporation (NYSE: QS), a leader in the development of next-generation solid-state lithium-metal batteries, today announced its business and financial results for the third quarter of 2022, which ended September 30.
The company posted a letter to shareholders on its Investor Relations website, ir.quantumscape.com, that details third-quarter financial results and provides a business update.
The stocks have a year to date performance of -64.80 percent and weekly performance of -6.24 percent. The stock has been moved at -38.55 percent over the last six months. The stock has performed -7.35 percent around the most recent 30 days and changed -33.36 percent over the most recent 3-months.
If compared to the average trading volume of 6.00M shares, QS reached to a volume of 8341467 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 $13.20 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.
Truist have made an estimate for QuantumScape Corporation shares, keeping their opinion on the stock as Hold, with their previous recommendation back on September 29, 2022. While these analysts kept the previous recommendation, Deutsche Bank raised their target price to Hold. The new note on the price target was released on April 12, 2022, representing the official price target for QuantumScape Corporation stock. Previously, the target price had yet another raise to $20, while SMBC Nikko analysts kept a Neutral rating on QS stock.
The Average True Range (ATR) for QuantumScape Corporation is set at 0.65 The Price to Book ratio for the last quarter was 2.45, with the Price to Cash per share for the same quarter was set at 2.63.
QS stock trade performance evaluation
QuantumScape Corporation [QS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.24. With this latest performance, QS shares dropped by -7.35% in over the last four-week period, additionally sinking by -38.55% over the last 6 months – not to mention a drop of -74.82% 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 40.50, with the RSI for the last a single of trading hit 38.72, and the three-weeks RSI is set at 41.41 for QuantumScape Corporation [QS]. The present Moving Average for the last 50 days of trading for this stock 9.25, while it was recorded at 8.06 for the last single week of trading, and 12.56 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 25.70 and a Current Ratio set at 25.70.
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 $882 million, or 36.30% of QS stock, in the hands of institutional investors. The top three institutional holders of QS stocks are: VANGUARD GROUP INC with ownership of 18,377,385, which is approximately 1.406% of the company’s market cap and around 1.50% of the total institutional ownership; CAPRICORN INVESTMENT GROUP LLC, holding 15,164,596 shares of the stock with an approximate value of $118.44 million in QS stocks shares; and BLACKROCK INC., currently with $66.71 million in QS stock with ownership of nearly -4.1% of the company’s market capitalization.
Positions in QuantumScape Corporation stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 153 institutional holders increased their position in QuantumScape Corporation [NYSE:QS] by around 18,405,846 shares. Additionally, 125 investors decreased positions by around 9,731,084 shares, while 98 investors held positions by with 84,754,139 shares. The mentioned changes placed institutional holdings at 112,891,069 shares, according to the latest SEC report filing. QS stock had 51 new institutional investments in for a total of 8,691,878 shares, while 51 institutional investors sold positions of 1,442,183 shares during the same period.