QuantumScape Corp (NYSE:QS)’s traded shares stood at 35.96 million during the last session, with the company’s beta value hitting 4.50. At the close of trading, the stock’s price was $6.14, to imply an increase of 14.34% or $0.77 in intraday trading. The QS share’s 52-week high remains $10.03, putting it -63.36% down since that peak but still an impressive 24.27% since price per share fell to its 52-week low of $4.65. The company has a valuation of $3.15B, with an average of 16.78 million shares in intraday trading volume over the past 10 days and average of 11.77 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. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.21.
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QuantumScape Corp (NYSE:QS) trade information
After registering a 14.34% upside in the last session, QuantumScape Corp (QS) has traded red over the past five days. The 5-day price performance for the stock is 20.87%, and 14.77% over 30 days. With these gigs, the year-to-date price performance is -11.65%. Short interest in QuantumScape Corp (NYSE:QS) saw shorts transact 66.13 million shares and set a 6.3 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 -14.01% off suggested target high and 13.68% 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 22.07% up over the last 6 months, with its year-to-date growth rate lower than industry average at -3.13% against 9.30%.
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 -2.19% 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 31.67% of the shares at 38.59% float percentage. In total, 31.67% 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.
