Reassessing The Changing Outlook For QuantumScape Corp (QS)

Currently, there are 433.16M common shares owned by the public and among those 355.18M shares have been available to trade.

The company’s stock has a 5-day price change of -17.29% and -18.08% over the past three months. QS shares are trading -26.33% year to date (YTD), with the 12-month market performance up to 0.59% higher. It has a 12-month low price of $4.67 and touched a high of $10.03 over the same period. QS has an average intraday trading volume of 6.91 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 -6.77%, -9.16%, and -14.32% respectively.

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Institutional ownership of QuantumScape Corp (NYSE: QS) shares accounts for 22.79% of the company’s 433.16M shares outstanding.

It has a market capitalization of $2.61B and a beta (3y monthly) value of 4.60. The earnings-per-share (ttm) stands at -$0.95. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.94% over the week and 5.04% over the month.

Earnings per share for the fiscal year are expected to decrease by -0.60%, and 5.49% 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.

Looking at the support for the QS, a number of firms have released research notes about the stock. Deutsche Bank stated their Hold rating for the stock in a research note on September 10, 2024, with the firm’s price target at $6. William Blair was of a view on December 18, 2023 that the stock is Mkt Perform, while HSBC Securities gave the stock Reduce rating on December 04, 2023, issuing a price target of $4.70. Evercore ISI on their part issued Outperform rating on September 18, 2023.

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