On May 22, 2023, QuantumScape Corporation (NYSE: QS) opened at $6.09, higher 12.25% from the last session. During the day, the shares moved up to $6.96 and dropped to $6.015 before settling in for the closing price of $6.04. Price fluctuations for QS have ranged from $5.11 to $13.86 over the past 52 weeks.
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Company’s average yearly earnings per share was noted -736.70% at the time writing. With a float of $292.16 million, this company’s outstanding shares have now reached $440.08 million.
Let’s look at the performance matrix of the company that is accounted for 850 employees.
QuantumScape Corporation (QS) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Auto Parts industry is another important factor to consider. The insider ownership of QuantumScape Corporation is 1.40%, while institutional ownership is 36.70%. The most recent insider transaction that took place on Mar 08, was worth 2,760,870. In this transaction Chief Executive Officer of this company sold 355,000 shares at a rate of $7.78, taking the stock ownership to the 970,877 shares. Before that another transaction happened on Mar 07, when Company’s Chief Executive Officer sold 301,406 for $8.37, making the entire transaction worth $2,524,034. This insider now owns 970,877 shares in total.
QuantumScape Corporation (QS) Latest Financial update
If we go through the results of last quarter, which was made public on 3/30/2023, the company posted -$0.24 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -$0.2) by -$0.04. This company achieved a return on equity of -28.17. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.21 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -736.70% per share during the next fiscal year.
QuantumScape Corporation (NYSE: QS) Trading Performance Indicators
Check out the current performance indicators for QuantumScape Corporation (QS). In the past quarter, the stock posted a quick ratio of 22.90.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.98, a number that is poised to hit -0.21 in the next quarter and is forecasted to reach -0.83 in one year’s time.
Technical Analysis of QuantumScape Corporation (QS)
QuantumScape Corporation (NYSE: QS) saw its 5-day average volume 6.21 million, a positive change from its year-to-date volume of 5.75 million. As of the previous 9 days, the stock’s Stochastic %D was 63.60%. Additionally, its Average True Range was 0.40.
During the past 100 days, QuantumScape Corporation’s (QS) raw stochastic average was set at 24.59%, which indicates a significant decrease from 85.60% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 63.11% in the past 14 days, which was lower than the 89.47% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.12, while its 200-day Moving Average is $8.25. Nevertheless, the first resistance level for the watch stands at $7.16 in the near term. At $7.53, the stock is likely to face the second major resistance level. The third major resistance level sits at $8.10. If the price goes on to break the first support level at $6.21, it is likely to go to the next support level at $5.64. The third support level lies at $5.26 if the price breaches the second support level.
QuantumScape Corporation (NYSE: QS) Key Stats
There are currently 443,662K shares outstanding in the company with a market cap of 3.08 billion. Presently, the company’s annual sales total 0 K according to its annual income of -411,910 K. Last quarter, the company’s sales amounted to 0 K and its income totaled -104,650 K.
