QuantumScape Corporation (NYSE: QS) is -58.90% lower on its value in year-to-date trading and has touched a low of $8.22 and a high of $43.08 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The QS stock was last observed hovering at around $9.83 in the last trading session, with the day’s loss setting it -0.71% off its average median price target of $12.00 for the next 12 months. It is also 58.55% off the consensus price target high of $22.00 offered by 8 analysts, but current levels are 8.8% higher than the price target low of $10.00 for the same period.
Currently trading at $9.12, the stock is -15.94% and -18.33% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.52 million and changing -7.22% at the moment leaves the stock -38.55% off its SMA200. QS registered -61.37% loss for a year compared to 6-month loss of -47.50%.
The stock witnessed a -13.39% gain in the last 1 month and extending the period to 3 months gives it a -3.70%, and is -23.30% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.75% over the week and 6.96% over the month.
Distance from 52-week low is 10.94% and -78.83% from its 52-week high.
QuantumScape Corporation (QS) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for QuantumScape Corporation (QS) is a “Hold”. 8 analysts offering their recommendations for the stock have an average rating of 2.90, where 7 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
QuantumScape Corporation is expected to release its quarterly report on 10/25/2022.The EPS is expected to grow by 98.30% this year
QuantumScape Corporation (QS) Top Institutional Holders
The shares outstanding are 431.52M, and float is at 251.45M with Short Float at 19.09%.
QuantumScape Corporation (QS) Insider Activity
A total of 71 insider transactions have happened at QuantumScape Corporation (QS) in the last six months, with sales accounting for 44 and purchases happening 27 times. The most recent transaction is an insider sale by Straubel Jeffrey B, the company’s Director. SEC filings show that Straubel Jeffrey B sold 30,937 shares of the company’s common stock on Sep 19 at a price of $11.13 per share for a total of $0.34 million. Following the sale, the insider now owns 0.25 million shares.
QuantumScape Corporation disclosed in a document filed with the SEC on Sep 19 that Singh Mohit (Chief Development Officer) sold a total of 21,250 shares of the company’s common stock. The trade occurred on Sep 19 and was made at $11.09 per share for $0.24 million. Following the transaction, the insider now directly holds 0.3 million shares of the QS stock.
Still, SEC filings show that on Sep 15, MCCARTHY MICHAEL O III (Chief Legal Officer) disposed off 36,757 shares at an average price of $12.62 for $0.46 million. The insider now directly holds 446,036 shares of QuantumScape Corporation (QS).