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Tuesday, January 31, 2023

Investing In QuantumScape Corporation (NYSE: QS): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for QuantumScape Corporation (QS) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.08, or 1.44%, to $5.64. The QuantumScape Corporation has recorded 35,094 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed QuantumScape Ships First 24-Layer Prototype Battery Cells to Automotive OEMs.

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Stocks Info

The company is listed on the NYSE and operates within the Auto Parts industry segment. At the end of the last regular session, the stock closed at $5.56 and fluctuated between $5.67 as its day high and $5.27 as its day low. The current market capitalization of QuantumScape Corporation is $2.41B. A total of 5.65 million shares were traded on the day, compared to an average of 7.16M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, QS has seen 6 BUY and 12 SELL insider trades, representing the acquisition of 51,000 and the disposition of 342,874 shares. Over the last 12 months, there were 64 BUYs and 99 SELLs from insiders. Insiders purchased 4,043,778 shares during that period but sold 4,288,835.

In the most recent transaction, Singh Mohit sold 8,500 shares of QS for 7.56 per share on Dec 13. After the transaction, the Chief Development Officer now owns 277,794 company shares. In a previous transaction on Dec 01, Singh Mohit sold 6,843 shares at 7.51 per share. QS shares that Chief Development Officer owns now total 277,794.

Among the insiders who sold shares, Singh Mohit disposed of 10,157 shares on Nov 30 at a per-share price of $7.50. This resulted in the Chief Development Officer holding 276,794 shares of QS after the transaction. In another insider transaction, MCCARTHY MICHAEL O III sold 20,000 shares at $7.15 per share on Nov 17. Company shares held by the Chief Legal Officer now total 392,771.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for QS in the last 3 months, the mean price target is $9.14 with high estimates of $14.00 and low estimates of $4.00. In terms of 52-week highs and lows, QS has a high of $23.35 and a low of $5.11.

As of this writing, QS has an earnings estimate of -$0.23 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of -$0.15 per share and a lower estimate of -$0.29. The company reported an EPS of -$0.22 in the last quarter, which was -22.20% lower than expectations of -$0.18.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 6 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for QS is Overweight with a score of 2.71. A total of 0 analysts rated the stock as Buy while 0 rated it as Overweight while 4 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 2 thought it should be Sold.

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