Let’s Jump into the QuantumScape Corporation (NYSE:QS) Stock Forecast – Marketing Sentinel
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Let’s Jump into the QuantumScape Corporation (NYSE:QS) Stock Forecast

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Analysts gave the QuantumScape Corporation (QS) stock a consensus recommendation rating of Overweight, calculated at a mean rating of 2.5. If we narrow down to specifics, the data shows that none out of 5 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, 3 recommended QS as a Hold, 2 felt it is a Buy and none rated the stock as Underweight. QuantumScape Corporation’s EPS for the current quarter is expected to be -$0.07.

QuantumScape Corporation (NYSE:QS) trade information

Although QS has turned red as seen at the end of in last trading. With action -2.15%, the performance over the past five days has been red. The jump to weekly highs of $28.03 on Thursday, Jun 17 added 5.89% to the stock’s daily price. The company’s shares are showing year-to-date downside of -0.69%, with the 5-day performance at -0.01% in the red. However, in the 30-day time frame, QuantumScape Corporation (NYSE:QS) is -0.02% down. Looking at the short shares, we see there were 32.25 Million shares sold at short interest cover period of 2.43 days.


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The consensus price target for the stock as assigned by Wall Street analysts is $44.2, meaning bulls need an upside of 67.55% from its current market value. According to analyst projections, QS’s forecast low is $25 with $70 as the target high. To hit the forecast high, the stock’s price needs a +165.35% upsurge from its current level, while the stock would need to tank -5.23% for it to hit the projected low.

QuantumScape Corporation (QS) estimates and forecasts

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0%. The 2021 estimates are for QuantumScape Corporation earnings to increase by 92.2%, but the outlook for the next 5-year period is at 0% per year.

QuantumScape Corporation (NYSE:QS)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 34.98% of QuantumScape Corporation shares while 31.62% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 48.63%. There are 331 institutions holding the QuantumScape Corporation stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of Mar 30, 2021, the company held 4.28% of the shares, roughly 11.11 Million QS shares worth $497.12 Million.

Board of Trustees of The Leland Stanford Jr University holds the second largest percentage of outstanding shares, with 3% or 7.79 Million shares worth $348.81 Million as of Mar 30, 2021.

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Among Mutual Funds, the top two as of Mar 30, 2021 were Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. With 3732157 shares estimated at $167.01 Million under it, the former controlled 1.44% of total outstanding shares. On the other hand, Vanguard Mid-Cap Index Fund held about 1.14% of the shares, roughly 2.97 Million shares worth around $132.97 Million.

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