While QuantumScape Corp has underperformed by -6.61%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, QS fell by -19.73%, with highs and lows ranging from $10.03 to $4.67, whereas the simple moving average fell by -13.62% in the last 200 days.
On September 10, 2024, Deutsche Bank started tracking QuantumScape Corp (NYSE: QS) recommending Hold. HSBC Securities Initiated an Reduce rating on December 04, 2023, and assigned a price target of $4.70. Evercore ISI initiated its ‘Outperform’ rating for QS, as published in its report on September 18, 2023. TD Cowen’s report from July 19, 2023 suggests a price prediction of $8 for QS shares, giving the stock a ‘Market Perform’ rating. Wolfe Research also rated the stock as ‘Underperform’.
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Analysis of QuantumScape Corp (QS)
One of the most important indicators of QuantumScape Corp’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -39.47% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 8.66, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and QS is recording 9.66M average volume. On a monthly basis, the volatility of the stock is set at 4.60%, whereas on a weekly basis, it is put at 5.40%, with a loss of -6.93% over the past seven days. Furthermore, long-term investors anticipate a median target price of $6.19, showing growth from the present price of $5.37, which can serve as yet another indication of whether QS is worth investing in or should be passed over.
How Do You Analyze QuantumScape Corp Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 30.79%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 23.07% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
QS shares are owned by institutional investors to the tune of 23.07% at present.
