Additionally, the 36-month beta value for QS is 4.74. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for QS is 340.19M and currently, short sellers hold a 16.58% ratio of that float. The average trading volume of QS on May 06, 2024 was 6.52M shares.
QS) stock’s latest price update
QuantumScape Corp (NYSE: QS)’s stock price has increased by 2.15 compared to its previous closing price of 5.58. However, the company has seen a 5.75% increase in its stock price over the last five trading sessions. InvestorPlace reported 2024-05-03 that The battery sector is fascinating for investors as producers, recyclers, and developers look to capitalize on the growing demand for batteries. Since the popularity stems from the demand for lithium batteries used in electric vehicles (EVs), the surges and falls of battery stock prices reflect worldwide consumer interest in EVs quite well.
QS’s Market Performance
QuantumScape Corp (QS) has experienced a 5.75% rise in stock performance for the past week, with a -3.39% drop in the past month, and a -17.87% drop in the past quarter. The volatility ratio for the week is 4.51%, and the volatility levels for the past 30 days are at 5.18% for QS. The simple moving average for the past 20 days is 1.53% for QS’s stock, with a -15.66% 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 -2.39% 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 -58.87% of loss for the given period.
Volatility was left at 5.18%, however, over the last 30 days, the volatility rate increased by 4.51%, as shares sank -4.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.21% lower at present.
During the last 5 trading sessions, QS rose by +5.75%, which changed the moving average for the period of 200-days by -44.06% in comparison to the 20-day moving average, which settled at $5.60. In addition, QuantumScape Corp saw -17.99% 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 $6.14 back on Apr 08 ’24. After this action, Hettrich Kevin now owns 1,178,512 shares of QuantumScape Corp, valued at $212,618 using the latest closing price.
Hettrich Kevin, the CHIEF FINANCIAL OFFICER of QuantumScape Corp, sale 34,607 shares at $6.11 during a trade that took place back on Mar 11 ’24, which means that Hettrich Kevin is holding 556,302 shares at $211,383 based on the most recent closing price.
Stock Fundamentals for QS
Current profitability levels for the company are sitting at:
- -6.77 for the present operating margin
- 0.13 for the gross margin
The net margin for QuantumScape Corp stands at -6.23. The total capital return value is set at -0.37. Equity return is now at value -36.67, with -32.08 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 -213.26.
Currently, EBITDA for the company is -415.54 million with net debt to EBITDA at 0.22. When we switch over and look at the enterprise to sales, we see a ratio of 37.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 10.38.
Conclusion
In conclusion, QuantumScape Corp (QS) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
