Look Past The Setbacks And Give QuantumScape Corp (NYSE: QS) Another Chance

QuantumScape Corp (NYSE:QS) currently has a daily average trading volume of 11.78M but it saw 5808275 shares traded in last market. With a market cap of 2.02B USD, the company’s current market price of $3.69 came falling about -2.64 while comparing to the previous closing price of $3.79. In past 52 weeks, the stock remained buoying in the range of price level as high as $9.52 and as low as $3.40. In the recent trading on the day, stock has struck highest price mark of $3.6 while lowest mark touched by it was $3.7899.

Taking a look at 20-day trading activity of QuantumScape Corp (QS) gives us an average price of $4.10, while its current price level is -61.24% below from 52-week high level whereas it is 8.53% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $4.49 while that of 200 days or SMA-200 reads an average of $5.36. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.16% during that period while stretching the period over a month that increases to 6.82%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 37.69 which implies that the stock is in neutral territory.

HSBC Securities upgraded its recommendation for the stock as a “Hold” from “Reduce” on November 19, 2024 while assigning a price target of $5.30. Deutsche Bank issued its recommendations for the stock as it resumed the price target for the stock is $6.

Over the week, QS’s stock price is moving -8.89% down while it is -15.56% when we observe its performance for the past one month. Year-to-date it is -28.90% down and over the past year, the stock is showing a downside performance of -31.79%.

Currently, QuantumScape Corp’s total number of outstanding shares is 487.88M. Company’s return on investment (ROI) stands at -38.46% and return on equity (ROE) at -38.29%. Stock’s beta reads 4.34. Stock has a price to book (P/B) ratio of 1.73. Its return on asset (ROA) is -33.84% on average.