At the time of writing, QuantumScape Corp [QS] stock is trading at $6.27, up 2.12%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The QS shares have gain 6.27% over the last week, with a monthly amount glided 3.81%, and seem to be holding up well over a long-time horizon.
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On 27, March 2024, QuantumScape Begins Customer Shipments of Alpha-2 Prototypes, a Key Goal for 2024. In a post published today on Yahoo Finance, QuantumScape Corporation (NYSE: QS), a leader in next-generation solid-state lithium-metal battery technology, today announced it started customer shipments of Alpha-2 prototype battery cells, fulfilling a goal for 2024.
From an analyst’s perspective:
Previously, HSBC Securities started tracking the stock with Reduce rating on December 04, 2023, and set its price target to $4.70. On September 18, 2023, Evercore ISI initiated with a Outperform rating and assigned a price target of $10 on the stock. TD Cowen downgraded its rating to a Market Perform and decreased its price target to $8 on July 19, 2023. Wolfe Research downgraded its rating to a Underperform but $2 remained the price target by the analyst firm on June 08, 2023. Goldman downgraded its rating to Sell for this stock on December 14, 2022, and downed its price target to $5. In a note dated November 09, 2022, Morgan Stanley downgraded an Underweight rating on this stock.
For the past year, the stock price of QuantumScape Corp fluctuated between $4.99 and $13.86. Currently, Wall Street analysts expect the stock to reach $11.8 within the next 12 months. QuantumScape Corp [NYSE: QS] shares were valued at $6.27 at the most recent close of the market. An investor can expect a potential return of 88.2% based on the average QS price forecast.
Analyzing the QS fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.3, Equity is -0.34 and Total Capital is -0.33. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.08.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 6.14 points at the first support level, and at 6.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.41, and for the 2nd resistance point, it is at 6.54.
QuantumScape Corp [QS] reported earnings per share of -$0.23 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.34/share, meaning a difference of $0.11 and a surprise factor of 32.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.23 per share as compared to estimates of -$0.3 per share, a difference of $0.07 representing a surprise of 23.30%.
Ratios To Look Out For
It is important to note that QuantumScape Corp [NYSE:QS] has a current ratio of 18.98. As well, the Quick Ratio is 18.98, while the Cash Ratio is 2.5.
Transactions by insiders
Recent insider trading involved Hettrich Kevin, CHIEF FINANCIAL OFFICER, that happened on Apr 08 ’24 when 34607.0 shares were sold. CHIEF FINANCIAL OFFICER, Hettrich Kevin completed a deal on Mar 11 ’24 to sell 34607.0 shares. Meanwhile, CHIEF LEGAL OFFICER MCCARTHY MICHAEL O III sold 9937.0 shares on Mar 05 ’24.
