TD Cowen lowered the price target for the QuantumScape Corporation (NYSE:QS) stock from “an Outperform” to “a Market perform”. The rating was released on July 19, 2023, according to finviz.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of QuantumScape Corporation (NYSE:QS) dipped -2.94% to close Friday’s market session at $6.93, lower as compared to yesterday’s close. The stock price fluctuated between $6.875 and $7.2568 throughout the trading session with the volume trading being 7333830 shares, which represented a significant variation when compared to the three months average volume of 8.94 million shares. The firm’s stock price fluctuated 0.87% within the last five trades and -0.43% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -6.22% in the last 6 months and -12.17% was subtracted to its value over the previous 3 months. QS stock is trading at a margin of -0.50%, -18.11% and -9.38% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, QS deals in the Consumer Cyclical domain. The stock is trading -50.00 percent below its 52-week high and 35.62 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -38.4. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does QuantumScape Corporation’s Profitability and Valuation Ratios Tell Us About the Stock?
The stock’s market cap achieved a total value of $3.50 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The firm managed a Price-to-Book ratio of 2.60, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 1.40 percent of QuantumScape Corporation shares are owned by insiders, and 36.70 percent are held by financial institutions. Hettrich Kevin, the Chief Financial Officer at QuantumScape Corporation (QS) has sold 34,607 shares of firm on Sep 12 at a price of $7.06 against the total amount of $0.24 million. In another inside trade, Straubel Jeffrey B, Director of QuantumScape Corporation (NYSE:QS) sold 69,309 shares of the firm on Sep 05 for a total worth of $0.49 million at a price of $7.00. An inside trade which took place on Aug 18, Chief Financial Officer of QuantumScape Corporation Hettrich Kevin sold 76,648 shares of firm against total price of $0.52 million at the cost of $6.84 per share.