In the last trading session, 7.33 million QuantumScape Corporation (NYSE:QS) shares changed hands as the company’s beta touched 5.28. With the company’s per share price at $6.93 changed hands at -$0.21 or -2.94% during last session, the market valuation stood at $3.50B. QS’s last price was a discount, traded about -100.0% off its 52-week high of $13.86. The share price had its 52-week low at $5.11, which suggests the last value was 26.26% up since then. When we look at QuantumScape Corporation’s average trading volume, we note the 10-day average is 4.35 million shares, with the 3-month average coming to 8.94 million.
Analysts gave the QuantumScape Corporation (QS) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 3.50. If we narrow down to specifics, the data shows that 1 out of 6 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 5 recommended QS as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. QuantumScape Corporation’s EPS for the current quarter is expected to be -$0.34.
QuantumScape Corporation (NYSE:QS) trade information
Instantly QS was in red as seen at the end of in last trading. With action 0.87%, the performance over the past five days has been green. The drop to weekly highs of 7.29 on Friday, 09/15/23 subtracted -2.94% to the stock’s daily price. The company’s shares are showing year-to-date upside of 22.22%, with the 5-day performance at 0.87% in the green. However, in the 30-day time frame, QuantumScape Corporation (NYSE:QS) is -0.43% down. Looking at the short shares, we see there were 54.46 million shares sold at short interest cover period of 5.18 days.
The consensus price target for the stock as assigned by Wall Street analysts is $7.83, meaning bulls need an upside of 11.49% from its current market value. According to analyst projections, QS’s forecast low is $5.00 with $10.00 as the target high. To hit the forecast high, the stock’s price needs a -44.3% plunge from its current level, while the stock would need to tank 27.85% for it to hit the projected low.
QuantumScape Corporation (QS) estimates and forecasts
Data shows that the QuantumScape Corporation share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -6.22% over the past 6 months, a -3.16% in annual growth rate that is considerably lower than the industry average of 13.70%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for QuantumScape Corporation will fall -25.90%, while the growth in revenue is estimated to hit -48.00% for the next quarter.
The 2023 estimates are for QuantumScape Corporation earnings to decrease by -736.70%, but the outlook for the next 5-year period is at 25.88% per year.
QuantumScape Corporation is expected to release its next quarterly earnings report between October 24 and October 30.
QuantumScape Corporation (NYSE:QS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 21.82% of QuantumScape Corporation shares while 32.12% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 41.09%. There are 32.12% institutions holding the QuantumScape Corporation stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 5.61% of the shares, roughly 23.55 million QS shares worth $163.19 million.
Capricorn Investment Group LLC holds the second largest percentage of outstanding shares, with 3.52% or 14.79 million shares worth $102.53 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. With 7.96 million shares estimated at $55.18 million under it, the former controlled 1.90% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 1.49% of the shares, roughly 6.27 million shares worth around $43.46 million.