With 8.16 million shares changed hands, the volume of the stock remained lighter than its average volume of 10.54 million shares. The 52-week range on QS shows that it touched its highest point at $9.52 and its lowest point at $3.40 during that stretch. It currently has a 1-year price target of $4.83. Beta for the stock currently stands at 4.28.
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 up-trending over the past week, with a rise of 3.25%, but this was up by 6.72% over a month. Three-month performance dropped to -7.81% while six-month performance fell -17.56%. The stock lost -26.77% in the past year, while it has lost -20.42% so far this year. A look at the trailing 12-month EPS for QS yields -0.91 with Next year EPS estimates of -0.76. For the next quarter, that number is -0.21. This implies an EPS growth rate of 9.49% for this year and 10.80% for next year. EPS is expected to grow by 11.41% 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, 515.66 million QS shares are outstanding with a float of 394.21 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.
