QuantumScape Corp (NYSE:QS) Jumps 6.21%, But Further Rally Could Be Imminent

In recent trading session, QuantumScape Corp (NYSE:QS) saw 2.6 million shares changing hands at last check today with its beta currently measuring 4.59. Company’s recent per share price level of $6.16 trading at $0.36 or 6.21% at last check today assigns it a market valuation of $3.12B. That most recent trading price of QS’s stock is at a discount of -62.82% from its 52-week high price of $10.03 and is indicating a premium of 24.19% from its 52-week low price of $4.67. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.58 million shares which gives us an average trading volume of 9.67 million if we extend that period to 3-months.

For QuantumScape Corp (QS), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 3.40. Splitting up the data highlights that, out of 6 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.21 in the current quarter.

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QuantumScape Corp (NYSE:QS) trade information

Upright in the green today for gaining 6.21%, in the last five days QS remained trading in the green while hitting it’s week-highest on Friday, 09/27/24 when the stock touched $6.16 price level, subtracting -1.48% to its value on the day. QuantumScape Corp’s shares saw a change of -11.37% in year-to-date performance and have moved 5.66% in past 5-day. QuantumScape Corp (NYSE:QS) showed a performance of 8.83% in past 30-days. Number of shares sold short was 57.68 million shares which calculate 12.19 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 7 to the stock, which implies a rise of 12.0% to its recent value today. Analysts have been projecting 4 as a low price target for the stock while placing it at a high target of 20. It follows that stock’s current price would jump 35.06% in reaching the projected high whereas dropping to the targeted low would mean a gain of 35.06% for stock’s current value.

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 -2.07% of value to its shares in past 6 months, showing an annual growth rate of 6.25% while that of industry is 6.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -45.65% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 2.43% while estimates for its earnings growth in next 5 years are of 25.88%.

QuantumScape Corp (NYSE:QS)’s Major holders

Insiders are in possession of 18.50% of company’s total shares while institution are holding 31.76 percent of that, with stock having share float percentage of 38.97%. Investors also watch the number of corporate investors in a company very closely, which is 31.76% institutions for QuantumScape Corp that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at QS for having 31.21 million shares of worth $153.56 million. And as of 2024-06-30, it was holding 6.2906 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 15.71 million shares on 2024-06-30. The number of shares represents firm’s hold over 3.1671 of outstanding shares, having a total worth of $77.31 million.