QuantumScape Corporation (NYSE: QS)’s stock price has decreased by -0.74 compared to its previous closing price of 7.39. but the company has seen a -0.20% decline in its stock price over the last five trading sessions. Barron’s reported on 04/27/22 that QuantumScape Missed Earnings Estimates. Why the Stock Is Rising.
Is It Worth Investing in QuantumScape Corporation (NYSE: QS) Right Now?
There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 4 rating it as “hold,” and 2 rating it as “sell.”
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The average price estimated by analysts for QS is $8.00, which is $3.54 above than the current price. The public float for QS is 266.78M, and at present, short sellers hold a 20.04% of that float. The average trading volume of QS on March 17, 2023 was 7.00M shares.
QS’s Market Performance
The stock of QuantumScape Corporation (QS) has seen a -0.20% decrease in the past week, with a -38.05% drop in the past month, and a 9.64% gain in the past quarter. The volatility ratio for the week is 8.10%, and the volatility levels for the past 30 days are at 8.77% for QS. The simple moving average for the last 20 days is -15.00% for QS stock, with a simple moving average of -18.28% for the last 200 days.
Analysts’ Opinion of QS
Many brokerage firms have already submitted their reports for QS stocks, with Goldman repeating the rating for QS by listing it as a “Sell.” The predicted price for QS in the upcoming period, according to Goldman is $5 based on the research report published on December 14th of the previous year 2022.
Truist gave a rating of “Hold” to QS, setting the target price at $10 in the report published on September 29th of the previous year.
QS Trading at -11.37% from the 50-Day Moving Average
After a stumble in the market that brought QS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -66.97% of loss for the given period.
Volatility was left at 8.77%, however, over the last 30 days, the volatility rate increased by 8.10%, as shares sank -24.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +33.63% upper at present.
During the last 5 trading sessions, QS rose by +1.09%, which changed the moving average for the period of 200-days by -41.91% in comparison to the 20-day moving average, which settled at $8.51. In addition, QuantumScape Corporation saw 29.37% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at QS starting from Singh Jagdeep, who sale 355,000 shares at the price of $7.78 back on Mar 08. After this action, Singh Jagdeep now owns 970,877 shares of QuantumScape Corporation, valued at $2,760,870 using the latest closing price.
Singh Jagdeep, the Chief Executive Officer of QuantumScape Corporation, sale 301,406 shares at $8.37 during a trade that took place back on Mar 07, which means that Singh Jagdeep is holding 970,877 shares at $2,524,034 based on the most recent closing price.
Stock Fundamentals for QS
Equity return is now at value -28.90, with -26.10 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 22.91.
Conclusion
In summary, QuantumScape Corporation (QS) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
