QuantumScape Corp [NYSE: QS] closed the trading session at $7.88. The company report on January 31, 2024 at 4:30 PM that QuantumScape Announces Timing of Fourth Quarter 2023 Business Results and Webcast.
QuantumScape Corporation (NYSE: QS), a leader in developing next-generation solid-state lithium-metal batteries, today announced it will release its 2023 fourth-quarter business results after market close on Wednesday, February 14, 2024. This will be followed by a conference call at 2 p.m. Pacific Time (5 p.m. Eastern Time). Jagdeep Singh, co-founder and chief executive officer, Kevin Hettrich, chief financial officer, and Siva Sivaram, president, will participate on the call.
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Starting today, January 31, shareholders can submit questions (here) they would like addressed on the call. QuantumScape management will respond to a selection of the submitted questions. The company will accept questions until Tuesday, February 13, at 2 p.m. Pacific Time (5 p.m. Eastern Time).
The stocks have a year to date performance of 13.38 percent and weekly performance of 16.57 percent. The stock has been moved at 5.07 percent over the last six months. The stock has performed -2.72 percent around the most recent 30 days and changed 44.32 percent over the most recent 3-months.
If compared to the average trading volume of 0.80 shares, QS reached to a volume of 8021311 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 Corp [QS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for QS shares is $6.47 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 3.40. 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.
William Blair have made an estimate for QuantumScape Corp shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on December 18, 2023.
The Average True Range (ATR) for QuantumScape Corp is set at 0.47 The Price to Book ratio for the last quarter was 2.73, with the Price to Cash per share for the same quarter was set at 2.30.
QS stock trade performance evaluation
QuantumScape Corp [QS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 16.57. With this latest performance, QS shares dropped by -2.72% in over the last four-week period, additionally plugging by 5.07% over the last 6 months – not to mention a drop of -8.27% 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 60.28, with the RSI for the last a single of trading hit 66.71, and the three-weeks RSI is set at 57.43 for QuantumScape Corp [QS]. The present Moving Average for the last 50 days of trading for this stock 7.22, while it was recorded at 7.52 for the last single week of trading, and 7.12 for the last 200 days.
QuantumScape Corp [QS]: An insightful look at the core fundamentals
QuantumScape Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 24.57 and a Current Ratio set at 24.57.
Earnings per share (EPS) analysis for QuantumScape Corp [QS] stock
With the latest financial reports released by the company, QuantumScape Corp posted -0.25/share EPS, while the average EPS was predicted by analysts to be reported at -0.21/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -19.00%. 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 Corp go to 25.88%.
QuantumScape Corp [QS]: Institutional Ownership
The top three institutional holders of QS stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in QS stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in QS stock with ownership which is approximately 5.8325%.
