In the latest trading session, 1.24 million QuantumScape Corp (NYSE:QS) shares changed hands as the company’s beta touched 4.50. With the company’s most recent per share price at $4.99 changed hands at -$0.02 or -0.30% at last look, the market valuation stands at $2.56B. QS’s current price is a discount, trading about -101.0% off its 52-week high of $10.03. The share price had its 52-week low at $4.65, which suggests the last value was 6.81% up since then. When we look at QuantumScape Corp’s average trading volume, we note the 10-day average is 9.67 million shares, with the 3-month average coming to 8.62 million.
Analysts gave the QuantumScape Corp (QS) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.20. 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, 4 recommended QS as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight.
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QuantumScape Corp (NYSE:QS) trade information
Instantly QS was in red as seen in intraday trades today. With action -3.20%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -28.13%, with the 5-day performance at -3.20% in the red. However, in the 30-day time frame, QuantumScape Corp (NYSE:QS) is -1.87% down. Looking at the short shares, we see there were 66.6 million shares sold at short interest cover period of 5.16 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6.15, meaning bulls need an upside of 18.86% from its recent market value. According to analyst projections, QS’s forecast low is 5.3 with 7 as the target high. To hit the forecast high, the stock’s price needs a -40.28% plunge from its current level, while the stock would need to soar -6.21% for it to hit the projected low.
QuantumScape Corp (QS) estimates and forecasts
Data shows that the QuantumScape Corp 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 -12.21% over the past 6 months, a -3.13% in annual growth rate that is considerably lower than the industry average of 8.10%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -45.65%. The 2024 estimates are for QuantumScape Corp earnings to decrease by -2.46%, but the outlook for the next 5-year period is at 25.88% per year.
QS Dividends
QuantumScape Corp is expected to release its next quarterly earnings report in January.
QuantumScape Corp (NYSE:QS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 17.94% of QuantumScape Corp shares while 31.75% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 38.69%. There are 31.75% institutions holding the QuantumScape Corp stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 6.2906% of the shares, roughly 31.21 million QS shares worth $153.56 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 3.1671% or 15.71 million shares worth $77.31 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. With 10.33 shares estimated at $51.05 million under it, the former controlled 2.26% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 1.85% of the shares, roughly 8.49 shares worth around $41.93 million.
