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Saturday, December 9, 2023

Is QuantumScape Corp (NYSE: QS) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for QuantumScape Corp (QS) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.01, or 0.17%, to $6.05. The QuantumScape Corp has recorded 51,205 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted QuantumScape Reports Third Quarter 2023 Business and Financial Results.

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Stocks Info

This NYSE-listed company operates within the Auto Parts industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $6.04 and fluctuated between $6.22 as its day high and $5.94 as its day low. The current market capitalization of QuantumScape Corp is $2.96B. A total of 4.84 million shares were traded on the day, compared to an average of 4.92M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, QS has seen 7 BUY and 7 SELL insider trades, representing the acquisition of 134,423 and the disposition of 120,808 shares. Over the last 12 months, there were 51 BUYs and 67 SELLs from insiders. Insiders purchased 5,135,357 shares during that period but sold 2,645,222.

In the most recent transaction, Hettrich Kevin sold 45,981 shares of QS for 6.08 per share on Nov 20. After the transaction, the Chief Financial Officer now owns 573,436 company shares. In a previous transaction on Nov 08, MCCARTHY MICHAEL O III sold 43,476 shares at 5.77 per share. QS shares that Chief Legal Officer owns now total 829,798.

Among the insiders who sold shares, Straubel Jeffrey B disposed of 69,309 shares on Oct 04 at a per-share price of $6.51. This resulted in the Director holding 292,644 shares of QS after the transaction. In another insider transaction, Hettrich Kevin sold 34,607 shares at $6.34 per share on Oct 04. Company shares held by the Chief Financial Officer now total 606,087.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for QS in the last 3 months, the mean price target is $6.69 with high estimates of $10.00 and low estimates of $3.00. In terms of 52-week highs and lows, QS has a high of $13.86 and a low of $4.99.

As of this writing, QS has an earnings estimate of -$0.37 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of -$0.14 per share and a lower estimate of -$1.19. The company reported an EPS of -$0.26 in the last quarter, which was -30.00% lower than expectations of -$0.2.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 2.43.

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