QuantumScape Corporation (QS) Stock Sinks As Market Gains: What You Should Know


QuantumScape Corporation (QS) closed the latest buying and selling day at $5.60, shifting -0.71% from the earlier buying and selling session. This change lagged the S&P 500’s 0.59% acquire on the day. At the identical time, the Dow added 0.53%, and the tech-heavy Nasdaq gained 0.45%.

Coming into immediately, shares of the corporate had misplaced 20.45% previously month. In that very same time, the Auto-Tires-Trucks sector misplaced 14.87%, whereas the S&P 500 misplaced 4.33%.

Wall Street might be in search of positivity from QuantumScape Corporation because it approaches its subsequent earnings report date. On that day, QuantumScape Corporation is projected to report earnings of -$0.26 per share, which might characterize a year-over-year decline of 62.5%.

Investors may also discover latest adjustments to analyst estimates for QuantumScape Corporation. These latest revisions are likely to mirror the evolving nature of short-term enterprise traits. As a end result, we are able to interpret optimistic estimate revisions as an excellent signal for the corporate’s enterprise outlook.

Research signifies that these estimate revisions are instantly correlated with near-term share worth momentum. Investors can capitalize on this by utilizing the Zacks Rank. This mannequin considers these estimate adjustments and supplies a easy, actionable ranking system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a confirmed, outside-audited monitor file of outperformance, with #1 shares returning a mean of +25% yearly since 1988. The Zacks Consensus EPS estimate remained stagnant throughout the previous month. QuantumScape Corporation is at present sporting a Zacks Rank of #3 (Hold).

The Automotive – Original Equipment trade is a part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 147, placing it within the backside 42% of all 250+ industries.

The Zacks Industry Rank gauges the energy of our particular person trade teams by measuring the common Zacks Rank of the person shares throughout the teams. Our analysis exhibits that the highest 50% rated industries outperform the underside half by an element of two to 1.

You can discover extra info on all of those metrics, and rather more, on Zacks.com.

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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.

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