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Why QuantumScape Corp (QS) Stock Could See Much Higher Prices Ahead

QuantumScape Corp (NYSE: QS) is -21.58% 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 $5.41 in the last trading session, with the day’s gains setting it 0.04%.

Currently trading at $5.45, the stock is -8.10% and -13.48% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.51 million and changing 0.74% at the moment leaves the stock -22.22% off its SMA200. QS registered -30.57% loss for a year compared to 6-month loss of -10.21%.

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The stock witnessed a -4.22% gain in the last 1 month and extending the period to 3 months gives it a -21.81%, and is -13.08% 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 5.67% over the week and 5.04% over the month.

QuantumScape Corp (QS) has around 850 employees, a market worth around $2.70B and $0.00M in sales. Distance from 52-week low is 9.22% and -60.68% from its 52-week high. The company has generated returns on investments over the last 12 months (-31.10%).

The EPS is expected to shrink by -1.39% this year.

QuantumScape Corp (QS) Top Institutional Holders

The shares outstanding are 433.16M, and float is at 337.35M with Short Float at 16.66%.

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 Apr 08 ’24 at a price of $6.14 per share for a total of $0.21 million. Following the sale, the insider now owns 1.18 million shares.

QuantumScape Corp disclosed in a document filed with the SEC on Mar 11 ’24 that Hettrich Kevin (CHIEF FINANCIAL OFFICER) sold a total of 34,607 shares of the company’s common stock. The trade occurred on Mar 11 ’24 and was made at $6.11 per share for $0.21 million. Following the transaction, the insider now directly holds 0.56 million shares of the QS stock.

Still, SEC filings show that on Mar 05 ’24, MCCARTHY MICHAEL O III (CHIEF LEGAL OFFICER) disposed off 9,937 shares at an average price of $6.00 for $59641.0. The insider now directly holds 711,756 shares of QuantumScape Corp (QS).

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