The trading price of QuantumScape Corporation (NYSE:QS) closed higher on Monday, Feb 22, closing at $62.26, 4.02% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $62.30 and $71.25. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 0. In examining the 52-week price action we see that the stock hit a 52-week high of $132.73 and a 52-week low of $9.74 -. Over the past month, the stock has gained 29.52% in value.
QuantumScape Corporation, whose market valuation is $24.23 Billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.06 per share this quarter, however they have predicted annual earnings per share of -$0.27 for 2021 and -$0.34 for 2022. It means analysts are expecting annual earnings per share growth of -0.94% this year and 0.26% next year.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned QS a recommendation rating is 2. Out of them, 1 rate it a Hold, while 1 recommend Buy, whereas none assign an Outperform rating. None analyst(s) have tagged QuantumScape Corporation (QS) as Underperform, while not any of them advise Sell. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0, which symbolizes a positive outlook. A quick review shows that Qs price is currently 31.71% off the SMA20 and 2.83% off the SMA50. The RSI metric on the 14-day chart is currently showing 60.38, and weekly volatility stands at 16.02%. When measured over the past 30 days, the indicator reaches 10.41%. QuantumScape Corporation (NYSE:QS)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 6.13. With analysts defining $48-$70 as the low and high price targets, we arrive at a consensus price target of $59 for the trailing 12-month period. The current price is about -25.88% off the estimated low and 8.09% off the forecast high, based on this estimate. Investors will be thrilled if Qs share price rises to $59, which is the median consensus price. At that level, Qs share price would be -8.89% above current price.
To see how QuantumScape Corporation stock has been performing in comparison to its peers in the industry, here are the numbers: QS stock’s performance was +4.02% in the latest trading, and 0% in the past year, while Ferrari N.V. (RACE) has traded -0.79% on the day and positioned +13.78% higher than it was a year ago. Another comparable company Magna International (MGA) saw its stock close 4.18% higher in the most recent trading session but was up +68.28% in a year. Furthermore, Luminar Technologies Inc (LAZR) showed an increase of 4.02% on the day while its price kept declining at 0% over the past year. QuantumScape Corporation has a P/E ratio of 0, compared to Ferrari N.V.’s 43.86 and Magna International’s 58.42. Also in last trading session, the S&P 500 Index has soared -0.77%, while the Dow Jones Industrial also saw a positive session, up +0.09% on the day.
An evaluation of the daily trading volume of QuantumScape Corporation (NYSE:QS) indicates that the 3-month average is 20.29 Million. However, this figure has increased over the past 10 days to an average of 34.41 Million.
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Currently, records show that 207.77 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 45.59% of outstanding shares, whereas institutions hold 10.51%. The stats also highlight that short interest as of January 28, 2021, stood at 8.49 Million shares, resulting in a short ratio of 0.36 at that time. From this, we can conclude that short interest is 2.33% of the company’s total outstanding shares. It is noteworthy that short shares in January were up slightly from the previous month’s figure, which was 8.19 Million. However, since the stock’s price has seen -23.32% year-to-date, investors’ interest is likely to be reignited due to its potential to move higher ahead.