QuantumScape Corp (NYSE: QS)’s stock price has soared by 3.34 in relation to previous closing price of 6.88. Nevertheless, the company has seen a loss of -12.44% in its stock price over the last five trading days. investorplace.com reported 2024-07-25 that Shares of QuantumScape (NYSE: QS ) stock are taking a tumble after the solid-state battery (SSB) company reported its second-quarter earnings. During the quarter, QuantumScape generated $0 in revenue, as expected.
Is It Worth Investing in QuantumScape Corp (NYSE: QS) Right Now?
The 36-month beta value for QS is at 4.53. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for QS is 345.18M, and currently, shorts hold a 16.54% of that float. The average trading volume for QS on July 26, 2024 was 9.69M shares.
QS’s Market Performance
The stock of QuantumScape Corp (QS) has seen a -12.44% decrease in the past week, with a 45.40% rise in the past month, and a 39.41% gain in the past quarter. The volatility ratio for the week is 7.56%, and the volatility levels for the past 30 days are at 7.68% for QS. The simple moving average for the past 20 days is 5.84% for QS’s stock, with a 13.67% 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 18.48% 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 -48.70% of loss for the given period.
Volatility was left at 7.68%, however, over the last 30 days, the volatility rate increased by 7.56%, as shares surge +38.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.50% upper at present.
During the last 5 trading sessions, QS fell by -14.04%, which changed the moving average for the period of 200-days by +12.40% in comparison to the 20-day moving average, which settled at $6.82. In addition, QuantumScape Corp saw 2.30% 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 Mohit, who sale 173,224 shares at the price of $7.04 back on Jul 11 ’24. After this action, Singh Mohit now owns 1,196,905 shares of QuantumScape Corp, valued at $1,219,532 using the latest closing price.
Singh Jagdeep, the Director of QuantumScape Corp, sale 113,264 shares at $5.04 during a trade that took place back on Jul 08 ’24, which means that Singh Jagdeep is holding 2,809,253 shares at $571,100 based on the most recent closing price.
Stock Fundamentals for QS
Current profitability levels for the company are sitting at:
- -6.92 for the present operating margin
- 0.12 for the gross margin
The net margin for QuantumScape Corp stands at -6.32. The total capital return value is set at -0.4. Equity return is now at value -39.46, with -34.08 for asset returns.
Based on QuantumScape Corp (QS), the company’s capital structure generated 0.08 points at debt to capital in total, while cash flow to debt ratio is standing at -2.5. The debt to equity ratio resting at 0.08. The interest coverage ratio of the stock is -431.96.
Currently, EBITDA for the company is -415.54 million with net debt to EBITDA at 0.23. When we switch over and look at the enterprise to sales, we see a ratio of 46.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 8.66.
Conclusion
In conclusion, QuantumScape Corp (QS) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
