During the recent session, QuantumScape Corp (NYSE:QS)’s traded shares were 4.67 million, with the beta value of the company hitting 4.60. At the last check today, the stock’s price was $5.26, reflecting an intraday gain of 2.04% or $0.11. The 52-week high for the QS share is $10.03, that puts it down -90.68 from that peak though still a striking 11.22% gain since the share price plummeted to a 52-week low of $4.67. The company’s market capitalization is $2.69B, and the average intraday trading volume over the past 10 days was 17.07 million shares, and the average trade volume was 6.91 million shares over the past three months.
QuantumScape Corp (QS) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.40. QS has a Sell rating from 1 analyst(s) out of 6 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.21.
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QuantumScape Corp (NYSE:QS) trade information
QuantumScape Corp (QS) registered a 2.04% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 2.04% in intraday trading to $5.26, hitting a weekly high. The stock’s 5-day price performance is -15.11%, and it has moved by -4.28% in 30 days. Based on these gigs, the overall price performance for the year is 3.24%. The short interest in QuantumScape Corp (NYSE:QS) is 56.22 million shares and it means that shorts have 11.89 day(s) to cover.
The consensus price target of analysts on Wall Street is $7, which implies an increase of 24.86% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4 and $20 respectively. As a result, QS is trading at a discount of -280.23% off the target high and 23.95% off the low.
QuantumScape Corp (QS) estimates and forecasts
Statistics show that QuantumScape Corp has underperformed its competitors in share price, compared to the industry in which it operates. QuantumScape Corp (QS) shares have gone down -7.81% during the last six months, with a year-to-date growth rate less than the industry average at -1.04% against 6.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 8.70% this quarter and then jump 12.50% in the quarter after that.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -45.65%. While earnings are projected to return -0.60% in 2024, the next five years will return 25.88% per annum.
QS Dividends
QuantumScape Corp is due to release its next quarterly earnings on 2025-Feb-12. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
QuantumScape Corp (NYSE:QS)’s Major holders
QuantumScape Corp insiders own 17.99% of total outstanding shares while institutional holders control 30.88%, with the float percentage being 37.66%. VANGUARD GROUP INC is the largest shareholder of the company, while 446.0 institutions own stock in it. As of 2024-06-30, the company held over 31.21 million shares (or 6.2906% of all shares), a total value of $153.56 million in shares.
The next largest institutional holding, with 15.71 million shares, is of BLACKROCK INC.’s that is approximately 3.1671% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $77.31 million.
Also, the Mutual Funds coming in first place with the largest holdings of QuantumScape Corp (QS) shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 10.33 shares. This amounts to just over 2.26 percent of the company’s overall shares, with a $54.0 million market value. The same data shows that the other fund manager holds slightly less at 8.39, or about 1.83% of the stock, which is worth about $43.85 million.
