QuantumScape Corp (NYSE: QS)’s stock price has plunge by 3.18relation to previous closing price of 5.98. Nevertheless, the company has seen a 0.65% surge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-05 that QuantumScape Corporation (QS) reachead $5.98 at the closing of the latest trading day, reflecting a +1.36% change compared to its last close.
Is It Worth Investing in QuantumScape Corp (NYSE: QS) Right Now?
Company’s 36-month beta value is 4.77.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for QS is 335.76M, and currently, short sellers hold a 16.29% ratio of that floaft. The average trading volume of QS on April 08, 2024 was 7.72M shares.
QS’s Market Performance
QS stock saw an increase of 0.65% in the past week, with a monthly gain of 2.32% and a quarterly increase of -29.08%. The volatility ratio for the week is 5.32%, and the volatility levels for the last 30 days are 4.73% for QuantumScape Corp (QS). The simple moving average for the past 20 days is 4.41% for QS’s stock, with a -12.31% simple moving average for the past 200 days.
Analysts’ Opinion of QS
HSBC Securities, on the other hand, stated in their research note that they expect to see QS reach a price target of $4.70. The rating they have provided for QS stocks is “Reduce” according to the report published on December 04th, 2023.
Evercore ISI gave a rating of “Outperform” to QS, setting the target price at $10 in the report published on September 18th of the previous year.
QS Trading at -3.78% 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 -55.48% of loss for the given period.
Volatility was left at 4.73%, however, over the last 30 days, the volatility rate increased by 5.32%, as shares surge +1.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.44% lower at present.
During the last 5 trading sessions, QS rose by +0.41%, which changed the moving average for the period of 200-days by -12.82% in comparison to the 20-day moving average, which settled at $5.92. In addition, QuantumScape Corp saw -11.22% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at QS starting from Hettrich Kevin, who sale 34,607 shares at the price of $6.11 back on Mar 11 ’24. After this action, Hettrich Kevin now owns 556,302 shares of QuantumScape Corp, valued at $211,383 using the latest closing price.
MCCARTHY MICHAEL O III, the CHIEF LEGAL OFFICER of QuantumScape Corp, sale 9,937 shares at $6.00 during a trade that took place back on Mar 05 ’24, which means that MCCARTHY MICHAEL O III is holding 711,756 shares at $59,641 based on the most recent closing price.
Stock Fundamentals for QS
The total capital return value is set at -0.33. Equity return is now at value -33.52, with -29.90 for asset returns.
Based on QuantumScape Corp (QS), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at -2.39. The debt to equity ratio resting at 0.08. The interest coverage ratio of the stock is -201.53.
Currently, EBITDA for the company is -415.54 million with net debt to EBITDA at 0.11. The liquidity ratio also appears to be rather interesting for investors as it stands at 18.98.
Conclusion
In a nutshell, QuantumScape Corp (QS) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
