why QuantumScape Corp [QS] is a Good Choice for Investors After New Price Target of $6.64

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QuantumScape Corp [NYSE: QS] slipped around -0.01 points on Monday, while shares priced at $4.73 at the close of the session, down -0.21%.

Compared to the average trading volume of 7.77M shares, QS reached a trading volume of 9472547 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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What do top market gurus 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 $6.64 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 3.22. 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 Corp shares, keeping their opinion on the stock as Hold, with their previous recommendation back on September 10, 2024. While these analysts kept the previous recommendation, Wolfe Research raised their target price to Underperform. The new note on the price target was released on September 05, 2024, representing the official price target for QuantumScape Corp stock.

The Average True Range (ATR) for QuantumScape Corp is set at 0.27 The Price to Book ratio for the last quarter was 2.18, with the Price to Cash per share for the same quarter was set at 1.68.

How has QS stock performed recently?

QuantumScape Corp [QS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.34. With this latest performance, QS shares dropped by -10.42% in over the last four-week period, additionally sinking by -16.43% over the last 6 months – not to mention a drop of -19.56% 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 36.45, with the RSI for the last a single of trading hit 31.49, and the three-weeks RSI is set at 39.35 for QuantumScape Corp [QS]. The present Moving Average for the last 50 days of trading for this stock 5.47, while it was recorded at 4.81 for the last single week of trading, and 5.87 for the last 200 days.

QuantumScape Corp [QS]: Deeper insight into the fundamentals

QuantumScape Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 14.07 and a Current Ratio set at 14.07.

Earnings analysis for QuantumScape Corp [QS]

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%.

Insider trade positions for QuantumScape Corp [QS]

There are presently around $31.49%, or 38.40%% of QS stock, in the hands of institutional investors. The top three institutional holders of QS stocks are: VANGUARD GROUP INC with ownership of 31.21 million shares, which is approximately 6.2906%. BLACKROCK INC., holding 15.71 million shares of the stock with an approximate value of $$77.31 million in QS stocks shares; and BLACKROCK INC., currently with $$72.79 million in QS stock with ownership which is approximately 2.9819%.

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