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QuantumScape Corp (QS): These Numbers Show Where NYSE:QS Stock Is Going Next

QuantumScape Corp (NYSE: QS) is -15.11% lower on its value in year-to-date trading and has touched a low of $4.99 and a high of $13.86 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 $6.13 in the last trading session, with the day’s loss setting it -0.23%.

Currently trading at $5.90, the stock is -0.40% and -8.92% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.82 million and changing -3.75% at the moment leaves the stock -16.54% off its SMA200. QS registered -23.67% loss for a year compared to 6-month loss of -11.81%. The firm has a 200-day simple moving average (SMA200) of -$4.98.

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The stock witnessed a -5.45% gain in the last 1 month and extending the period to 3 months gives it a -15.11%, and is 1.37% up 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 5.39% over the week and 4.45% over the month.

QuantumScape Corp (QS) has around 850 employees, a market worth around $2.93B and $0.00M in sales. Distance from 52-week low is 18.24% and -57.43% from its 52-week high. The company has generated returns on investments over the last 12 months (-31.10%).

QuantumScape Corp quarterly earnings per share for the current quarter are estimated at -$0.19.The EPS is expected to shrink by -1.39% this year.

QuantumScape Corp (QS) Top Institutional Holders

463 institutions hold shares in QuantumScape Corp (QS), with institutional investors hold 43.06% of the company’s shares. The shares outstanding are 433.16M, and float is at 335.76M with Short Float at 16.29%. Institutions hold 34.59% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 23.55 million shares valued at $188.15 million. The investor’s holdings represent 5.61% of the QS Shares outstanding. As of Jun 29, 2023, the second largest holder is Capricorn Investment Group LLC with 14.79 million shares valued at $118.21 million to account for 3.52% of the shares outstanding. The other top investors are Blackrock Inc. which holds 13.04 million shares representing 3.10% and valued at over $104.15 million, while BNP Paribas Asset Management Holding S.A. holds 1.63% of the shares totaling 6.86 million with a market value of $54.77 million.

QuantumScape Corp (QS) Insider Activity

The most recent transaction is an insider sale by Hettrich Kevin,the company’sCHIEF FINANCIAL OFFICER. SEC filings show that Hettrich Kevin sold 34,607 shares of the company’s common stock on Mar 11 ’24 at a price of $6.11 per share for a total of $0.21 million. Following the sale, the insider now owns 0.56 million shares.

QuantumScape Corp disclosed in a document filed with the SEC on Mar 05 ’24 that MCCARTHY MICHAEL O III (CHIEF LEGAL OFFICER) sold a total of 9,937 shares of the company’s common stock. The trade occurred on Mar 05 ’24 and was made at $6.00 per share for $59641.0. Following the transaction, the insider now directly holds 0.71 million shares of the QS stock.

Still, SEC filings show that on Mar 04 ’24, MCCARTHY MICHAEL O III (CHIEF LEGAL OFFICER) disposed off 9,936 shares at an average price of $6.15 for $61099.0. The insider now directly holds 721,693 shares of QuantumScape Corp (QS).

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