QuantumScape Corp (QS): A Case For Going Higher

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. Recently, Yahoo Finance discussed the stock, revealing that QuantumScape Reports Fourth 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. The current market capitalization of QuantumScape Corp is $2.95B. A total of 4.84 million shares were traded on the day, compared to an average of 10.13M shares.

In the most recent transaction, Hettrich Kevin sold 34,607 shares of QS for 6.11 per share on Mar 11 ’24. After the transaction, the CHIEF FINANCIAL OFFICER now owns 556,302 company shares. In a previous transaction on Mar 05 ’24, MCCARTHY MICHAEL O III sold 9,937 shares at 6.00 per share. QS shares that CHIEF LEGAL OFFICER owns now total 711,756.

Among the insiders who sold shares, MCCARTHY MICHAEL O III disposed of 9,936 shares on Mar 04 ’24 at a per-share price of $6.15. This resulted in the CHIEF LEGAL OFFICER holding 721,693 shares of QS after the transaction. In another insider transaction, MCCARTHY MICHAEL O III sold 21,840 shares at $6.17 per share on Feb 26 ’24. Company shares held by the CHIEF LEGAL OFFICER now total 731,629.

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. 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

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. 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

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 2.56.

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