William Blair lifts QuantumScape Corp [QS] price estimate. Who else is bullish?

QuantumScape Corp [NYSE: QS] closed the trading session at $5.41.

The stocks have a year to date performance of -22.16 percent and weekly performance of -11.89 percent. The stock has been moved at -11.75 percent over the last six months. The stock has performed -3.05 percent around the most recent 30 days and changed -26.59 percent over the most recent 3-months.

If compared to the average trading volume of 6.71M shares, QS reached to a volume of 10264776 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 $7.02 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. While these analysts kept the previous recommendation, HSBC Securities raised their target price to Reduce. The new note on the price target was released on December 04, 2023, representing the official price target for QuantumScape Corp stock. Previously, the target price had yet another raise to $10, while Evercore ISI analysts kept a Outperform rating on QS stock. On July 19, 2023, analysts decreased their price target for QS shares from 14 to 8.

The Average True Range (ATR) for QuantumScape Corp is set at 0.33 The Price to Book ratio for the last quarter was 1.99, with the Price to Cash per share for the same quarter was set at 2.16.

QS stock trade performance evaluation

QuantumScape Corp [QS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.89. With this latest performance, QS shares dropped by -3.05% in over the last four-week period, additionally sinking by -11.75% over the last 6 months – not to mention a drop of -30.82% 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 37.37, with the RSI for the last a single of trading hit 33.39, and the three-weeks RSI is set at 39.74 for QuantumScape Corp [QS]. The present Moving Average for the last 50 days of trading for this stock 6.30, while it was recorded at 5.90 for the last single week of trading, and 7.01 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 18.98 and a Current Ratio set at 18.98.

Earnings per share (EPS) analysis for QuantumScape Corp [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 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 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in QS stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in QS stock with ownership which is approximately 5.8386%.