Quantumscape Corporation [QS] Fell -67.46% so far this year. now what?


Quantumscape Corporation [NYSE: QS] It gained $0.07 during the normal trading session on Friday and reached a high of $7.33, while it closed the day at $7.22. The company reported on October 26, 2022 that Quantumscape reported third quarter 2022 business and financial results.


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QuantumScape Corporation (NYSE: QS), a leader in the development of next-generation solid-state lithium-metal batteries, today announced its business and financial results for the third quarter of 2022, ending September 30.

The company posted a letter to shareholders on its investor relations website at ir.quantumscape.com detailing third quarter financial results and providing business updates.

The stock of QuantumScape Corporation has also lost -3.86% of its value in the last 7 days. However, QS stock has declined -32.40% in 3 months of the year. Meanwhile in the last six months, it has lost -40.33% and year-to-date it has lost -67.46%.

The market cap for QS stock reached $3.12 billion, with 434.05 million shares outstanding and 259.81 million shares in the current float. QS reached a trading volume of 11067370 in the most recent trading day, compared to an average trading volume of 6.41M shares, which is why market watchdogs consider the stock active.

Here’s what the leading stock market gurus have to say about QuantumScape Corporation [QS],

Based on careful and fact-backed analyzes by Wall Street experts, the current consensus on a target price for QS shares is $12.40 per share. Target prices and analysis on the stock’s performance are usually carefully studied by market experts, and the current Wall Street consensus on QS stock has a recommendation set at 3.00. This rating represents a strong buy recommendation on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 indicates hold and 2 indicates buy.

Morgan Stanley has set an outlook for the shares of Quantumscape Corporation on November 09, 2022 with its previous recommendation, keeping its view on the stock as Underweight. While these analysts maintained a previous recommendation, Trueist raised their target price to Hold. The new note on the price target was issued on September 29, 2022, which represents the official price target of QuantumScape Corporation stock. Previously, the target price was raised once again to $20, while analysts at Deutsche Bank maintained a hold rating on QS stock.

The Average True Range (ATR) for QuantumScape Corporation is set at 0.66. The Price to Book ratio for the previous quarter was 2.26, the Price to Cash per Share for the same quarter was set at 2.68.

qs stock trading performance evaluation

Quantumscape Corporation [QS] It fell into the red zone at the end of last week, fell into a negative trend and fell -3.86. With this latest performance, QS shares are down -7.67% over the past four-week period, as well as down -40.33% over the past 6 months — referencing a -78.68% decline in the past year of trading. Not there.

Overbought and oversold stocks can be easily detected with the Relative Strength Index (RSI), where an RSI result of over 70 will result in overbought, and any rate below 30 will indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for QS stock for the past two-week period is set at 41.27, the RSI for the last single of trading is at 40.79, and the three-week RSI for QuantumScape Corporation is set at 41.65. [QS], The current moving average for the last 50 days of trading for this stock is 8.69, while it was recorded at 7.50 for the last one week of trading and 12.18 for the last 200 days.

Quantumscape Corporation [QS]: An Insightful Look at the Fundamentals

The return on equity for this stock decreased to -4.69, while the return on assets stood at -3.30.

Liquidity data from QuantumScape Corporation is equally interestingly compelling with a quick ratio of 25.70 and a current ratio set at 25.70.

Earnings Per Share (EPS) Analysis for QuantumScape Corporation [QS] stores

The company’s progress can be seen through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting 5-year EPS growth rate for QS. When it comes to mentioned price, analysts are expecting a 5 Year EPS growth rate of 25.88% for QuantumScape Corporation.

Quantumscape Corporation [QS]: Insider Ownership Position

Institutional investors currently hold approximately $844 million, or 36.70%, of QS stock. The top three institutional holders of QS stock are: Vanguard Group INC with ownership of 20,555,744, which accounts for approximately 11.853% of the company’s market cap and approximately 1.50% of total institutional ownership; CAPRICORN INVESTMENT GROUP LLC holds 14,794,635 shares of the stock with an approximate value of $106.82 million in QS stock shares; and BLACKROCK INC., with $63.89M in QS stock currently owning approximately 3.613% of the company’s market capitalization.

Positions in QuantumScape Corporation shares held by institutional investors increased at the end of October and at the time of the October reporting period, where 144 institutional holders increased their positions in QuantumScape Corporation. [NYSE:QS] By approximately 13,668,228 shares. Additionally, 128 investors reduced positions by approximately 8,292,492 shares, while 95 investors maintained positions by holding 94,938,075 shares. The aforementioned changes put institutional holdings at 116,898,795 shares, according to the latest SEC report filing. There were 37 new institutional investments in QS stock for a total of 1,314,020 shares, while 52 institutional investors sold 3,567,501 shares during the same period.

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