QuantumScape Corporation (QS) Investors To Make Money Again

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QuantumScape Corporation (NYSE:QS) has seen 5.79 million shares traded in the last trading session. The company, currently valued at $8.77B, closed the last trade at $21.01 per share which meant it gained $0.26 on the day or 1.25% during that session. The QS stock price is -242.55% off its 52-week high price of $71.97 and 9.0% above the 52-week low of $19.12. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.38 million shares traded. The 3-month trading volume is 11.10 million shares.

The consensus among analysts is that QuantumScape Corporation (QS) is a Hold stock at the moment, with a recommendation rating of 2.80. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 5 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.11.

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Sporting 1.25% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on Friday, 01/07/22 when the QS stock price touched $21.01 or saw a rise of 11.28%. Year-to-date, QuantumScape Corporation shares have moved -5.32%, while the 5-day performance has seen it change -5.32%. Over the past 30 days, the shares of QuantumScape Corporation (NYSE:QS) have changed -19.93%. Short interest in the company has seen 31.24 million shares shorted with days to cover at 2.85.

Wall Street analysts have a consensus price target for the stock at $33.00, which means that the shares’ value could jump 36.33% from current levels. The projected low price target is $23.00 while the price target rests at a high of $40.00. In that case, then, we find that the current price level is -90.39% off the targeted high while a plunge would see the stock gain -9.47% from current levels.

QuantumScape Corporation (QS) estimates and forecasts

Figures show that QuantumScape Corporation shares have outperformed across the wider relevant industry. The company’s shares have lost -13.36% over the past 6 months, with this year growth rate of 74.36%, compared to 14.50% for the industry. Other than that, the company has, however, increased its growth outlook for the 2022 fiscal year revenue. Growth estimates for the current quarter are 95.40% and 55.00% for the next quarter.

QS Dividends

QuantumScape Corporation is expected to release its next earnings report on October 26 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

QuantumScape Corporation (NYSE:QS)’s Major holders

Insiders own 30.27% of the company shares, while shares held by institutions stand at 31.88% with a share float percentage of 45.71%. Investors are also buoyed by the number of investors in a company, with QuantumScape Corporation having a total of 405 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 15.11 million shares worth more than $370.8 million. As of Sep 29, 2021, Vanguard Group, Inc. (The) held 4.64% of shares outstanding.

The other major institutional holder is Blackrock Inc., with the holding of over 7.83 million shares as of Sep 29, 2021. The firm’s total holdings are worth over $192.08 million and represent 2.40% of shares outstanding.

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Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. As of Sep 29, 2021, the former fund manager holds about 1.46% shares in the company for having 4.75 million shares of worth $116.57 million while later fund manager owns 3.79 million shares of worth $92.91 million as of Sep 29, 2021, which makes it owner of about 1.16% of company’s outstanding stock.