In today’s recent session, 1.78 million shares of the QuantumScape Corporation (NYSE:QS) were traded. Most recently the company’s share price was $9.44, and it changed around $0.36 or 3.96% from the last close, which brings the market valuation of the company to $3.70B. QS at last check was trading at a discount to its 52-week high of $43.08, offering almost -356.36% off that amount. The share price’s 52-week low was $8.22, which indicates that the recent value has risen by an impressive 12.92% since then. We note from QuantumScape Corporation’s average daily trading volume that its 10-day average is 9.4 million shares, with the 3-month average coming to 8.05 million.
QuantumScape Corporation stock received a consensus recommendation rating of a Hold, based on a mean score of 2.90. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 6 recommended QS as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. QuantumScape Corporation is expected to report earnings per share of -$0.17 for the current quarter.
QuantumScape Corporation (NYSE:QS) trade information
Instantly QS has been showing a green trend so far today with a performance of 3.96% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 9.56 on Tuesday, 06/21/22 increased the stock’s daily price by 1.26%. The company’s shares are currently down -59.08% year-to-date, but still up 2.71% over the last five days. On the other hand, QuantumScape Corporation (NYSE:QS) is -26.18% up in the 30-day period. We can see from the shorts that 47.43 million shares have been sold at a short interest cover period of 6.67 day(s).
The consensus price target as assigned by Wall Street analysts is $18.29, which translates to bulls needing to increase their stock price by 48.39% from its current value. Analyst projections state that QS is forecast to be at a low of $10.00 and a high of $27.00. In order for the stock price to hit the forecast high, the stock would need to plunge -186.02% from its current level, while the stock would need to crash -5.93% from its current level to reach the projected low.
QuantumScape Corporation (QS) estimates and forecasts
QuantumScape Corporation share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -61.82 percent over the past six months and at a 9.57% annual growth rate that is well above the industry average of 4.60%. Moreover, analysts have decided to roll up on their fiscal year 2022 revenue estimates. The rating firms predict that it will loss -41.70% in revenue this quarter, and will report a decrease of -46.20% in the next quarter.
QuantumScape Corporation earnings are expected to increase by 98.30% in 2022, but the outlook is positive 25.88% per year for the next five years.
QuantumScape Corporation’s next quarterly earnings report is expected to be released on October 26.
QuantumScape Corporation (NYSE:QS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 28.59% of QuantumScape Corporation shares, and 36.18% of them are in the hands of institutional investors. The stock currently has a share float of 50.66%. QuantumScape Corporation stock is held by 429 institutions, with Capricorn Investment Group Llc being the largest institutional investor. By Dec 30, 2021, it held 5.34% of the shares, which is about 17.87 million shares worth $396.45 million.
Vanguard Group, Inc. (The), with 5.17% or 17.32 million shares worth $384.33 million as of Dec 30, 2021, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund were the top two Mutual Funds as of Dec 30, 2021. The former held 5.56 million shares worth $123.31 million, making up 1.66% of all outstanding shares. On the other hand, Vanguard Mid-Cap Index Fund held roughly 4.42 million shares worth around $98.08 million, which represents about 1.32% of the total shares outstanding.