The closing price of QuantumScape Corp (NYSE: QS) was $5.82 for the day, up 2.65% from the previous closing price of $5.67. In other words, the price has increased by $+0.15 from its previous closing price. On the day, 5278048 shares were traded.
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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 18.98 and its Current Ratio is at 18.98. 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 Mar 11 ’24 when Hettrich Kevin sold 34,607 shares for $6.11 per share. The transaction valued at 211,383 led to the insider holds 556,302 shares of the business.
MCCARTHY MICHAEL O III sold 9,937 shares of QS for $59,641 on Mar 05 ’24. The CHIEF LEGAL OFFICER now owns 711,756 shares after completing the transaction at $6.00 per share. On Mar 04 ’24, another insider, MCCARTHY MICHAEL O III, who serves as the CHIEF LEGAL OFFICER of the company, sold 9,936 shares for $6.15 each. As a result, the insider received 61,099 and left with 721,693 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 2.81B and an Enterprise Value of 1.84B.
Stock Price History:
Over the past 52 weeks, QS has reached a high of $13.86, while it has fallen to a 52-week low of $4.99. The 50-Day Moving Average of the stock is 6.54, while the 200-Day Moving Average is calculated to be 7.08.
Shares Statistics:
QS traded an average of 10.08M shares per day over the past three months and 4.81M shares per day over the past ten days. A total of 433.16M shares are outstanding, with a floating share count of 335.76M. Insiders hold about 32.28% of the company’s shares, while institutions hold 24.86% stake in the company. Shares short for QS as of Feb 29, 2024 were 54.91M with a Short Ratio of 5.45, compared to 55.72M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 11.07% and a Short% of Float of 15.18%.
Earnings Estimates
The firm’s stock currently is rated by 4 analysts. On average, analysts expect EPS of -$0.19 for the current quarter, with a high estimate of -$0.16 and a low estimate of -$0.23, while EPS last year was -$0.24. The consensus estimate for the next quarter is -$0.19, with high estimates of -$0.16 and low estimates of -$0.22.
Analysts are recommending an EPS of between -$0.59 and -$1.15 for the fiscal current year, implying an average EPS of -$0.86. EPS for the following year is -$0.85, with 9 analysts recommending between -$0.63 and -$1.12.
