QuantumScape Corporation (NYSE:QS) shares traded lower over the last trading session, losing -2.15% on 06/21/21. The shares fell to a low of $25.66 before closing at $26.38. Intraday shares traded counted 8.28 million, which was 37.79% higher than its 30-day average trading volume of 13.31M. QS’s previous close was $26.96 while the outstanding shares total 368.78M. The stock’s Relative Strength Index (RSI) is 40.47, with weekly volatility at 5.30% and ATR at 2.03. The QS stock’s 52-week price range has touched low of $9.74 and a $132.73 high.
Investors have identified the Auto Parts company QuantumScape Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $10.88 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
QuantumScape Corporation (QS) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 1.54 billion total, with 21.35 million as their total liabilities.
QS were able to record -34.8 million as free cash flow during the 09/01/2021 quarter of the year, this saw their quarterly net cash flow reduce by 649.13 million. In cash movements, the company had a total of -21.54 million as operating cash flow.
Potential earnings growth for QuantumScape Corporation (QS)
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent -44.67 million trying to sell their products during the last quarter, with the result yielding a gross income of -30.41 million. This allows shareholders to hold on to 368.78M with the recently reported earning now reading -0.20 cents per share. This is a figure that compared to analyst’s prediction for their 09/01/2021 (-0.12 cents a share).
Having a look at the company’s valuation, the company is expected to record -0.27 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on QS sounds very interesting.
Is the stock of QS attractive?
In related news, Director, Leohold Jurgen sold 52,705 shares of the company’s stock in a transaction that recorded on Jun 11. The sale was performed at an average price of 27.76, for a total value of 1,463,086. As the sale deal closes, the Chief Legal Officer, MCCARTHY MICHAEL O III now sold 100,000 shares of the company’s stock, valued at 2,848,385. Also, Chief Technology Officer, Holme Timothy sold 224,617 shares of the company’s stock in a deal that was recorded on May 28. The shares were price at an average price of 26.11 per share, with a total market value of 5,864,505. Following this completion of acquisition, the Chief Legal Officer, MCCARTHY MICHAEL O III now holds 100,000 shares of the company’s stock, valued at 2,614,790. In the last 6 months, insiders have changed their ownership in shares of company stock by 28.90%.