QuantumScape Corporation (NYSE:QS) has seen 8.75 million shares traded in the last trading session. The company, currently valued at $3.34B, closed the last trade at $8.26 per share which meant it gained $0.53 on the day or 6.86% during that session. The QS stock price is -168.89% off its 52-week high price of $22.21 and 38.14% above the 52-week low of $5.11. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.74 million shares traded. The 3-month trading volume is 7.51 million shares.
QuantumScape Corporation (NYSE:QS) trade information
Sporting 6.86% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on Monday, 01/23/23 when the QS stock price touched $8.26 or saw a rise of 1.31%. Year-to-date, QuantumScape Corporation shares have moved 45.68%, while the 5-day performance has seen it change -0.48%. Over the past 30 days, the shares of QuantumScape Corporation (NYSE:QS) have changed 43.15%. Short interest in the company has seen 51.41 million shares shorted with days to cover at 8.
QuantumScape Corporation (QS) estimates and forecasts
Figures show that QuantumScape Corporation shares have underperformed across the wider relevant industry. The company’s shares have lost -25.18% over the past 6 months, with this year growth rate of 1.06%, compared to 4.40% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are -43.80% and 19.00% for the next quarter.
Earnings growth for 2023 is a modest 98.30% while over the next 5 years, the company’s earnings are expected to increase by 25.88%.
QuantumScape Corporation is expected to release its next earnings report between February 14 and February 20 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
QuantumScape Corporation (NYSE:QS)’s Major holders
Insiders own 27.34% of the company shares, while shares held by institutions stand at 36.24% with a share float percentage of 49.87%. Investors are also buoyed by the number of investors in a company, with QuantumScape Corporation having a total of 412 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 18.38 million shares worth more than $157.86 million. As of Jun 29, 2022, Vanguard Group, Inc. (The) held 5.26% of shares outstanding.
The other major institutional holder is Capricorn Investment Group LLC, with the holding of over 15.16 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $130.26 million and represent 4.34% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of Jun 29, 2022, the former fund manager holds about 1.71% shares in the company for having 5.99 million shares of worth $51.45 million while later fund manager owns 5.13 million shares of worth $44.04 million as of Jun 29, 2022, which makes it owner of about 1.47% of company’s outstanding stock.