A share price of QuantumScape Corp [QS] is currently trading at $4.83, down -0.82%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling.
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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.
QuantumScape Corp experienced fluctuations in its stock price throughout the past year between $4.67 and $13.86. Currently, Wall Street analysts expect the stock to reach $11 within the next 12 months. QuantumScape Corp [NYSE: QS] shares were valued at $4.83 at the most recent close of the market. An investor can expect a potential return of 127.74% based on the average QS price forecast.
Analyzing the QS fundamentals
Gross Profit Margin for this corporation currently stands at 0.13% with Operating Profit Margin at -6.77%, Pretax Profit Margin comes in at -6.23%, and Net Profit Margin reading is -6.23%. To continue investigating profitability, this company’s Return on Assets is posted at -0.31, Equity is -0.35 and Total Capital is -0.37. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.08.
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 4.72 points at the first support level, and at 4.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.96, and for the 2nd resistance point, it is at 5.10.
Ratios To Look Out For
To put it in perspective, the Current Ratio for QuantumScape Corp [NYSE:QS] is 10.38. Also, the Quick Ratio is 10.38, while the Cash Ratio stands at 1.91.
Transactions by insiders
Recent insider trading involved Hettrich Kevin, CHIEF FINANCIAL OFFICER, that happened on Jun 24 ’24 when 3300.0 shares were sold. Director, Singh Jagdeep completed a deal on Jun 13 ’24 to sell 0.19 million shares. Meanwhile, Director Singh Jagdeep sold 57690.0 shares on Jun 13 ’24.
