Market Recap: QuantumScape Corp (QS)’s Negative Momentum, Closing at 5.50

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The closing price of QuantumScape Corp (NYSE: QS) was $5.50 for the day, down -3.34% from the previous closing price of $5.69. In other words, the price has decreased by -$3.34 from its previous closing price. On the day, 3.79 million shares were traded. QS stock price reached its highest trading level at $5.62 during the session, while it also had its lowest trading level at $5.47.


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 May 31 ’24 when Singh Jagdeep sold 192,280 shares for $5.85 per share. The transaction valued at 1,124,992 led to the insider holds 2,809,253 shares of the business.

Singh Jagdeep sold 57,720 shares of QS for $337,708 on May 31 ’24. The Director now owns 6,004,688 shares after completing the transaction at $5.85 per share. On May 21 ’24, another insider, MCCARTHY MICHAEL O III, who serves as the CHIEF LEGAL OFFICER of the company, sold 22,554 shares for $5.72 each. As a result, the insider received 128,937 and left with 1,207,500 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 2747426048 and an Enterprise Value of 1838248448.

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 $4.92. The 50-Day Moving Average of the stock is -4.00%, while the 200-Day Moving Average is calculated to be -13.57%.

Shares Statistics:

QS traded an average of 5.82M shares per day over the past three months and 3914160 shares per day over the past ten days. A total of 433.16M shares are outstanding, with a floating share count of 342.94M. Insiders hold about 31.36% of the company’s shares, while institutions hold 24.24% stake in the company. Shares short for QS as of 1715731200 were 56208393 with a Short Ratio of 9.66, compared to 1713139200 on 56409609. Therefore, it implies a Short% of Shares Outstanding of 56208393 and a Short% of Float of 15.4.

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