QuantumScape Corp (NYSE:QS) has a beta value of 4.53 and has seen 3.98 million shares traded in the recent trading session. The company, currently valued at $2.63B, closed the recent trade at $5.14 per share which meant it lost -$0.21 on the day or -4.02% during that session. The QS stock price is -95.14% off its 52-week high price of $10.03 and 9.53% above the 52-week low of $4.65. If we look at the company’s 10-day average daily trading volume, we find that it stood at 11.15 million shares traded. The 3-month trading volume is 8.27 million shares.
The consensus among analysts is that QuantumScape Corp (QS) is Hold stock at the moment, with a recommendation rating of 3.20. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 6 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.2.
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QuantumScape Corp (NYSE:QS) trade information
Sporting -4.02% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the QS stock price touched $5.14 or saw a rise of 7.39%. Year-to-date, QuantumScape Corp shares have moved -26.12%, while the 5-day performance has seen it change 3.74%. Over the past 30 days, the shares of QuantumScape Corp (NYSE:QS) have changed -9.75%. Short interest in the company has seen 62.03 million shares shorted with days to cover at 6.3.
Wall Street analysts have a consensus price target for the stock at $6.15, which means that the shares’ value could jump 16.42% from the levels at last check today. The projected low price target is $4.0 while the price target rests at a high of $20.0. In that case, then, we find that the latest price level in today’s session is -289.11% off the targeted high while a plunge would see the stock lose 22.18% from the levels at last check today.
QuantumScape Corp (QS) estimates and forecasts
Figures show that QuantumScape Corp shares have underperformed across the wider relevant industry. The company’s shares have lost -10.23% over the past 6 months, with this year growth rate of -3.13%, compared to 9.20% for the industry. Revenue growth from the last financial year stood is estimated to be 0.00%.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -45.65% over the past 5 years. Earnings growth for 2024 is a modest -2.46% while over the next 5 years, the company’s earnings are expected to increase by 25.88%.
QS Dividends
QuantumScape Corp is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
QuantumScape Corp (NYSE:QS)’s Major holders
Insiders own 17.94% of the company shares, while shares held by institutions stand at 31.51% with a share float percentage of 38.40%. Investors are also buoyed by the number of investors in a company, with QuantumScape Corp having a total of 460.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 31.21 million shares worth more than $153.56 million. As of 2024-06-30, VANGUARD GROUP INC held 6.2906% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 15.71 million shares as of 2024-06-30. The firm’s total holdings are worth over $77.31 million and represent 3.1671% 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 30, 2024, the former fund manager holds about 2.26% shares in the company for having 10.33 shares of worth $53.3 million while later fund manager owns 8.39 shares of worth $43.28 million as of Jun 30, 2024, which makes it owner of about 1.83% of company’s outstanding stock.
