A new trading day began on June 21, 2022, with QuantumScape Corporation (NYSE: QS) stock priced at $9.11, up 2.37% from the previous day of trading. During the day, the shares moved up to $9.56 and dropped to $9.065 before settling in for the closing price of $8.87. QS’s price has ranged from $8.22 to $43.08 over the past 52 weeks.
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Meanwhile, its annual earnings per share averaged 98.30%. With a float of $273.92 million, this company’s outstanding shares have now reached $429.33 million.
Considering the fact that the conglomerate employs 570 people, you should pay attention to its efficiency factor.
QuantumScape Corporation (QS) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Auto Parts Industry. The insider ownership of QuantumScape Corporation is 1.70%, while institutional ownership is 34.70%. The most recent insider transaction that took place on Jun 08, was worth 1,869,892. In this transaction Director of this company sold 155,600 shares at a rate of $12.02, taking the stock ownership to the 32,160 shares. Before that another transaction happened on Jun 01, when Company’s Chief Financial Officer sold 46,285 for $12.25, making the entire transaction worth $566,911. This insider now owns 475,958 shares in total.
QuantumScape Corporation (QS) Earnings and Forecasts
In its latest quarterly report, released on 3/30/2022, the company reported earnings of -$0.21 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a return on equity of -4.69. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.19 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 98.30% per share during the next fiscal year.
QuantumScape Corporation (NYSE: QS) Trading Performance Indicators
Here are QuantumScape Corporation’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 48.60.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.14, a number that is poised to hit -0.17 in the next quarter and is forecasted to reach -0.83 in one year’s time.
Technical Analysis of QuantumScape Corporation (QS)
Compared to the last year’s volume of 8.2 million, its volume of 9.08 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 17.25%. Additionally, its Average True Range was 0.93.
During the past 100 days, QuantumScape Corporation’s (QS) raw stochastic average was set at 6.14%, which indicates a significant decrease from 17.94% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 86.59% in the past 14 days, which was lower than the 90.36% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.27, while its 200-day Moving Average is $20.09. Nevertheless, the first resistance level for the watch stands at $9.41 in the near term. At $9.73, the stock is likely to face the second major resistance level. The third major resistance level sits at $9.90. If the price goes on to break the first support level at $8.91, it is likely to go to the next support level at $8.74. Should the price break the second support level, the third support level stands at $8.41.
QuantumScape Corporation (NYSE: QS) Key Stats
With a market capitalization of 3.70 billion, the company has a total of 429,839K Shares Outstanding. Currently, annual sales are 0 K while annual income is -45,970 K. The company’s previous quarter sales were 0 K while its latest quarter income was -90,350 K.