With 19.31 million shares changed hands, the volume of the stock remained heavier than its average volume of 16.94 million shares. The 52-week range on QS shows that it touched its highest point at $9.52 and its lowest point at $4.25 during that stretch. It currently has a 1-year price target of $5.75. Beta for the stock currently stands at 4.46.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of QS was down-trending over the past week, with a drop of -11.42%, but this was down by -14.51% over a month. Three-month performance dropped to -14.67% while six-month performance fell -23.26%. The stock lost -29.51% in the past year, while it has lost -14.84% so far this year. A look at the trailing 12-month EPS for QS yields -0.94 with Next year EPS estimates of -0.83. For the next quarter, that number is -0.22. This implies an EPS growth rate of 4.59% for this year and 7.22% for next year. EPS is expected to grow by 10.33% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -34.46%.
Float and Shares Shorts:
At present, 487.88 million QS shares are outstanding with a float of 355.59 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for QS since 6 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.95126 being high and -$1.02063 being low. For QS, this leads to a yearly average estimate of -$0.98099. Based on analyst estimates, the high estimate for the next quarter is -$0.15 and the low estimate is -$0.24. The average estimate for the next quarter is thus -$0.19.
Summary of Insider Activity:
Insiders traded QS stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.
