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Does QuantumScape Corp (NYSE:QS) Look Expensive At $7.50? Here’s How To Know.

In last trading session, QuantumScape Corp (NYSE:QS) saw 6.29 million shares changing hands with its beta currently measuring 4.91. Company’s recent per share price level of $7.50 trading at $0.21 or 2.88% at ring of the bell on the day assigns it a market valuation of $3.67B. That closing price of QS’s stock is at a discount of -84.8% from its 52-week high price of $13.86 and is indicating a premium of 33.47% from its 52-week low price of $4.99. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 6.47 million shares which gives us an average trading volume of 9.95 million if we extend that period to 3-months.

QuantumScape Corp (NYSE:QS) trade information

Upright in the green during last session for gaining 2.88%, in the last five days QS remained trading in the green while hitting it’s week-highest on Thursday, 02/08/24 when the stock touched $7.50 price level, adding 1.57% to its value on the day. QuantumScape Corp’s shares saw a change of 7.91% in year-to-date performance and have moved 7.60% in past 5-day. QuantumScape Corp (NYSE:QS) showed a performance of -12.08% in past 30-days. Number of shares sold short was 58.09 million shares which calculate 3.7 days to cover the short interests.

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QuantumScape Corp (QS) estimates and forecasts

Statistics highlight that QuantumScape Corp is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -3.85% of value to its shares in past 6 months, showing an annual growth rate of -1.05% while that of industry is 16.00. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -36.00% in the current quarter and calculating 33.30% increase in the next quarter.

QS Dividends

QuantumScape Corp is more likely to be releasing its next quarterly report on February 14 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

QuantumScape Corp (NYSE:QS)’s Major holders

Insiders are in possession of 18.85% of company’s total shares while institution are holding 33.78 percent of that, with stock having share float percentage of 41.62%. Investors also watch the number of corporate investors in a company very closely, which is 33.78% institutions for QuantumScape Corp that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at QS for having 23.55 million shares of worth $188.15 million. And as of Jun 29, 2023, it was holding 5.61% of the company’s outstanding shares.

The second largest institutional holder is Capricorn Investment Group LLC, which was holding about 14.79 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 3.52% of outstanding shares, having a total worth of $118.21 million.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 7.96 million shares of worth $63.62 million or 1.90% of the total outstanding shares. The later fund manager was in possession of 6.27 million shares on Jun 29, 2023, making its stake of worth around $50.11 million in the company or a holder of 1.49% of company’s stock.

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