QuantumScape Corp (QS) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Recently, Yahoo Finance discussed the stock, revealing that QuantumScape Reports Fourth Quarter 2023 Business and Financial Results.

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Stocks Info

QuantumScape Corp is listed on the NYSE in the Consumer Cyclical sector while operating in the Auto Parts industry. The current market capitalization of QuantumScape Corp is $3.07B. A total of 5.81 million shares were traded on the day, compared to an average of 10.68M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, QS has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 2,101 and the disposition of 0 shares. Over the last 12 months, there were 43 BUYs and 67 SELLs from insiders. Insiders purchased 4,202,488 shares during that period but sold 2,565,501.

In the most recent transaction, MCCARTHY MICHAEL O III sold 21,840 shares of QS for 6.17 per share on Feb 26. After the transaction, the CHIEF LEGAL OFFICER now owns 731,629 company shares. In a previous transaction on Feb 21, Hettrich Kevin sold 11,294 shares at 6.46 per share. QS shares that CHIEF FINANCIAL OFFICER owns now total 543,259.

Among the insiders who sold shares, Hettrich Kevin disposed of 34,607 shares on Feb 20 at a per-share price of $6.54. This resulted in the CHIEF FINANCIAL OFFICER holding 554,553 shares of QS after the transaction. In another insider transaction, Straubel Jeffrey B sold 69,309 shares at $6.72 per share on Feb 05. Company shares held by the Director now total 292,644.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for QS in the last 3 months, the mean price target is $7.02 with high estimates of $10.00 and low estimates of $4.00. 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 -$0.19 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$0.16 per share and a lower estimate of -$0.23. The company reported an EPS of -$0.23 in the last quarter, which was 23.30% higher than expectations of -$0.3.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. QS’s latest balance sheet shows that the firm has $1.45B in Cash & Short Term Investments as of fiscal 2021. There were $77.37M in debt and $30.61M in liabilities at the time. Its Book Value Per Share was $2.71, while its Total Shareholder’s Equity was $1.61B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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 2.56.

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