QuantumScape Corp (NYSE: QS) Is Getting Increasingly Hard To Ignore

Currently, there are 358.50M common shares owned by the public and among those 328.06M shares have been available to trade.

Insiders at the company have transacted a total of 112 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 44 of these insider trades were purchases, accounting for 4,210,988 shares. Insider sales of the common stock occurred on 68 occasions, with total insider shares sold totaling 2,574,001 shares.

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However, the script later moved the day high at 6.84, down -6.71%. The company’s stock has a 5-day price change of -17.13% and 11.05% over the past three months. QS shares are trading -6.04% year to date (YTD), with the 12-month market performance down to -33.44% lower. It has a 12-month low price of $4.99 and touched a high of $13.86 over the same period. QS has an average intraday trading volume of 10.34 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -8.38%, -10.18%, and -8.40% respectively.

Institutional ownership of QuantumScape Corp (NYSE: QS) shares accounts for 25.09% of the company’s 358.50M shares outstanding.

It has a market capitalization of $3.20B and a beta (3y monthly) value of 4.90. The earnings-per-share (ttm) stands at -$0.96. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.49% over the week and 6.06% over the month.

Analysts forecast that QuantumScape Corp (QS) will achieve an EPS of -$0.18 for the current quarter, -$0.17 for the next quarter and -$0.8 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.23 while analysts give the company a high EPS estimate of -$0.14. Comparatively, EPS for the current quarter was -$0.24 a year ago. Earnings per share for the fiscal year are expected to increase by 16.20%, and -2.40% over the next financial year. EPS should grow at an annualized rate of 25.88% over the next five years, compared to -45.65% over the past 5-year period.

HSBC Securities coverage for the QuantumScape Corp (QS) stock in a research note released on December 04, 2023 offered a Reduce rating with a price target of $4.70. Evercore ISI was of a view on September 18, 2023 that the stock is Outperform, while TD Cowen gave the stock Market Perform rating on July 19, 2023, issuing a price target of $14- $8. Wolfe Research on their part issued Underperform rating on June 08, 2023.

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