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The closing price of QuantumScape Corp (NYSE: QS) was $9.14 for the day, up 6.03% from the previous closing price of $8.62. In other words, the price has increased by $6.03 from its previous closing price. On the day, 25.42 million shares were traded. QS stock price reached its highest trading level at $9.31 during the session, while it also had its lowest trading level at $8.44.
Ratios:
Our analysis of QS’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 10.38 and its Current Ratio is at 10.38. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.07.
On December 04, 2023, HSBC Securities started tracking the stock assigning a Reduce rating and target price of $4.70.
On September 18, 2023, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $10.Evercore ISI initiated its Outperform rating on September 18, 2023, with a $10 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jul 11 ’24 when Singh Mohit sold 173,224 shares for $7.04 per share. The transaction valued at 1,219,532 led to the insider holds 1,196,905 shares of the business.
Singh Jagdeep sold 113,264 shares of QS for $571,100 on Jul 08 ’24. The Director now owns 2,809,253 shares after completing the transaction at $5.04 per share. On Jul 08 ’24, another insider, Singh Jagdeep, who serves as the Director of the company, sold 33,984 shares for $5.04 each. As a result, the insider received 171,354 and left with 5,889,308 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, QS now has a Market Capitalization of 4565722624 and an Enterprise Value of 3656545792.
Stock Price History:
The Beta on a monthly basis for QS is 4.72, which has changed by -0.103042185 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, QS has reached a high of $13.86, while it has fallen to a 52-week low of $4.67. The 50-Day Moving Average of the stock is 63.19%, while the 200-Day Moving Average is calculated to be 47.72%.
Shares Statistics:
QS traded an average of 8.23M shares per day over the past three months and 23337060 shares per day over the past ten days. A total of 433.16M shares are outstanding, with a floating share count of 345.15M. Insiders hold about 30.91% of the company’s shares, while institutions hold 24.18% stake in the company. Shares short for QS as of 1719532800 were 55248797 with a Short Ratio of 6.72, compared to 1717113600 on 53980514. Therefore, it implies a Short% of Shares Outstanding of 55248797 and a Short% of Float of 15.14.
