The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
In the latest session, QuantumScape Corp (NYSE: QS) closed at $5.39 up 5.69% from its previous closing price of $5.10. In other words, the price has increased by $5.69 from its previous closing price. On the day, 8.88 million shares were traded. QS stock price reached its highest trading level at $5.535 during the session, while it also had its lowest trading level at $5.11.
Ratios:
For a deeper understanding of QuantumScape Corp’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 18.98 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Apr 08 ’24 when Hettrich Kevin sold 34,607 shares for $6.14 per share. The transaction valued at 212,618 led to the insider holds 1,178,512 shares of the business.
Hettrich Kevin sold 34,607 shares of QS for $211,383 on Mar 11 ’24. The CHIEF FINANCIAL OFFICER now owns 556,302 shares after completing the transaction at $6.11 per share. On Mar 05 ’24, another insider, MCCARTHY MICHAEL O III, who serves as the CHIEF LEGAL OFFICER of the company, sold 9,937 shares for $6.00 each. As a result, the insider received 59,641 and left with 711,756 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 2672410368 and an Enterprise Value of 1783299840.
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 -10.03%, while the 200-Day Moving Average is calculated to be -21.62%.
Shares Statistics:
For the past three months, QS has traded an average of 6.57M shares per day and 7845010 over the past ten days. A total of 433.16M shares are outstanding, with a floating share count of 337.35M. Insiders hold about 31.96% of the company’s shares, while institutions hold 24.97% stake in the company. Shares short for QS as of 1713139200 were 56409609 with a Short Ratio of 8.58, compared to 1710460800 on 54688556. Therefore, it implies a Short% of Shares Outstanding of 56409609 and a Short% of Float of 15.6.
