QuantumScape Corp (NYSE:QS)’s traded shares stood at 17.45 million during the latest session, with the company’s beta value hitting 4.50. At the last check today, the stock’s price was $5.14, to imply an increase of 4.80% or $0.24 in intraday trading. The QS share’s 52-week high remains $10.03, putting it -95.14% down since that peak but still an impressive 9.53% since price per share fell to its 52-week low of $4.65. The company has a valuation of $2.63B, with an average of 9.63 million shares in intraday trading volume over the past 10 days and average of 8.70 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for QuantumScape Corp (QS), translating to a mean rating of 3.20. Of 6 analyst(s) looking at the stock, 1 analyst(s) give QS a Sell rating. 0 of those analysts rate the stock as Overweight while 4 advise Hold as 1 recommend it as a Buy.
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QuantumScape Corp (NYSE:QS) trade information
After registering a 4.80% upside in the latest session, QuantumScape Corp (QS) has traded red over the past five days. The 5-day price performance for the stock is -0.87%, and -1.25% over 30 days. With these gigs, the year-to-date price performance is -26.12%. Short interest in QuantumScape Corp (NYSE:QS) saw shorts transact 66.6 million shares and set a 5.16 days time to cover.
The extremes give us $5.3 and $7 for target low and target high price respectively. As such, QS has been trading -36.19% off suggested target high and -3.11% from its likely low.
QuantumScape Corp (QS) estimates and forecasts
Looking at statistics comparing QuantumScape Corp share performance against respective industry, we note that the company has underperformed competitors. QuantumScape Corp (QS) shares are -9.75% down over the last 6 months, with its year-to-date growth rate lower than industry average at -3.13% against 8.10%.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -45.65% for the past 5-year period. While 2024 is set for a -2.46% return in earnings, projections for the next 5 years are at 25.88% annually.
QS Dividends
QuantumScape Corp has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
QuantumScape Corp (NYSE:QS)’s Major holders
QuantumScape Corp insiders hold 17.94% of total outstanding shares, with institutional holders owning 31.75% of the shares at 38.69% float percentage. In total, 31.75% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 31.21 million shares (or 6.2906% of shares), all amounting to roughly $153.56 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 15.71 million shares, or about 3.1671% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $77.31 million.
We also have Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund as the top two Mutual Funds with the largest holdings of the QuantumScape Corp (QS) shares. Going by data provided on Sep 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 10.44 shares. This is just over 2.28% of the total shares, with a market valuation of $53.28 million. Data from the same date shows that the other fund manager holds a little less at 8.49, or 1.85% of the shares, all valued at about 43.33 million.
