QuantumScape Corp (NYSE:QS) price on current trading day, rose 1.38% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $5.88.
A look at the stock’s price movement, the level at last check in today’s session was $5.80, moving within a range at $5.86 and $6.03. The beta value (5-Year monthly) was 4.595. Turning to its 52-week performance, $10.03 and $4.67 were the 52-week high and 52-week low respectively. Overall, QS moved 3.52% over the past month.
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QuantumScape Corp’s market cap currently stands at around $2.98 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Oct-23.
Turning to the stock’s technical picture we see that short term indicators suggest on average that QS is a 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
6 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 1 recommend QS as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
QS’s current price about 2.23% and -6.53% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.20, while 7-day volatility ratio is 4.91% and 4.50% in the 30-day chart. Further, QuantumScape Corp (QS) has a beta value of 4.59, and an average true range (ATR) of 0.30. Analysts have given the company’s stock an average 52-week price target of $7, forecast between a low of $4 and high of $20. Looking at the price targets, the low is 31.97% off recent price level in today’s trading while to achieve the yearly target high, it has to move -240.14%. Nonetheless, investors will most likely welcome a -19.05% jump to $7 which is the analysts’ median price.
If we refocus on QuantumScape Corp (NYSE:QS), historical trading data shows that trading volumes averaged 4.48 over the past 10 days and 9.89 million over the past 3 months. The company’s latest data on shares outstanding shows there are 433.16 million shares.
The 30.69% of QuantumScape Corp’s shares are in the hands of company insiders while institutional holders own 23.18% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 57.99 million on 2024-08-30, giving us a short ratio of 10.13. The data shows that as of 2024-08-30 short interest in QuantumScape Corp (QS) stood at 1560.9999 of shares outstanding, with shares short rising to 57.46 million registered in 2024-07-31. Current price change has pushed the stock -15.40% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the QS stock continues to rise going into the next quarter.
