QuantumScape Corp (NYSE: QS) is -20.14% lower on its value in year-to-date trading and has touched a low of $4.67 and a high of $10.03 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 $5.48 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $5.55, the stock is -3.22% and -11.04% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.52 million and changing 1.28% at the moment leaves the stock -11.34% off its SMA200. QS registered -19.21% loss for a year compared to 6-month loss of -8.11%.
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The stock witnessed a -2.29% gain in the last 1 month and extending the period to 3 months gives it a -2.80%, and is 0.54% 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 4.39% over the week and 4.46% over the month.
QuantumScape Corp (QS) has around 850 employees, a market worth around $2.81B and $0.00M in sales. Distance from 52-week low is 18.84% and -44.67% from its 52-week high. The company has generated returns on investments over the last 12 months (-36.84%).
The EPS is expected to grow by 2.43% this year.
QuantumScape Corp (QS) Top Institutional Holders
447.0 institutions hold shares in QuantumScape Corp (QS), with institutional investors hold 38.97% of the company’s shares. The shares outstanding are 433.16M, and float is at 350.76M with Short Float at 16.17%. Institutions hold 31.76% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 31.21 million shares valued at $153.56 million. The investor’s holdings represent 6.2906% of the QS Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 15.71 million shares valued at $77.31 million to account for 3.1671 of the shares outstanding. The other top investors are CAPRICORN INVESTMENT GROUP LLC which holds 14.79 million shares representing 2.9819% and valued at over $72.79 million, while STATE STREET CORP holds 1.1752 of the shares totaling 5.83 million with a market value of $28.69 million.
QuantumScape Corp (QS) Insider Activity
The most recent transaction is an insider sale by MCCARTHY MICHAEL O III, the company’s CHIEF LEGAL OFFICER. SEC filings show that MCCARTHY MICHAEL O III sold 50,575 shares of the company’s common stock on Aug 21 ’24 at a price of $5.99 per share for a total of $0.3 million. Following the sale, the insider now owns 1.18 million shares.
QuantumScape Corp disclosed in a document filed with the SEC on Aug 21 ’24 that Holme Timothy (CHIEF TECHNOLOGY OFFICER) sold a total of 44,306 shares of the company’s common stock. The trade occurred on Aug 21 ’24 and was made at $6.11 per share for $0.27 million. Following the transaction, the insider now directly holds 1.17 million shares of the QS stock.
Still, SEC filings show that on Aug 21 ’24, Prinz Fritz (Director) disposed off 12,908 shares at an average price of $5.96 for $76929.0. The insider now directly holds 254,103 shares of QuantumScape Corp (QS).
