QuantumScape Corp [QS] stock prices are up 5.48% to $6.16 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The QS shares have gain 8.45% over the last week, with a monthly amount drifted -23.48%, and not seem to be holding up well over a long-time horizon.
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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.
The stock price of QuantumScape Corp [QS] has been fluctuating between $4.67 and $10.03 over the past year. Currently, Wall Street analysts expect the stock to reach $11.2 within the next 12 months. QuantumScape Corp [NYSE: QS] shares were valued at $6.16 at the most recent close of the market. An investor can expect a potential return of 81.82% based on the average QS price forecast.
Analyzing the QS fundamentals
Gross Profit Margin for this corporation currently stands at 0.12% with Operating Profit Margin at -6.92%, Pretax Profit Margin comes in at -6.32%, and Net Profit Margin reading is -6.32%. To continue investigating profitability, this company’s Return on Assets is posted at -0.33, Equity is -0.36 and Total Capital is -0.4. 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 5.91 points at the first support level, and at 5.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.29, and for the 2nd resistance point, it is at 6.42.
Ratios To Look Out For
It’s worth pointing out that QuantumScape Corp [NYSE:QS]’s Current Ratio is 8.66. In addition, the Quick Ratio stands at 8.66 and the Cash Ratio stands at 1.75.
Transactions by insiders
Recent insider trading involved Timothy Holme, Officer, that happened on Aug 21 ’24 when 44306.0 shares were purchased. Director, Friedrich Prinz completed a deal on Aug 21 ’24 to buy 12908.0 shares. Meanwhile, Officer MICHAEL MCCARTHY bought 50575.0 shares on Aug 21 ’24.
