In yesterday’s Wall Street session, QuantumScape Corp (NYSE:QS) shares traded at $5.76, up 6.08% from the previous session.
QS stock price is now -5.19% away from the 50-day moving average and -7.87% away from the 200-day moving average. The market capitalization of the company currently stands at $2.92B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
On December 04, 2023, HSBC Securities recently initiated its ‘Reduce’ rating on the stock quoting a target price of $4.70, while ‘Evercore ISI’ rates the stock as ‘Outperform’
In other news, Sivaram Srinivasan, Officer bought 11,920 shares of the company’s stock on Aug 06 ’24. The stock was bought for $74,500 at an average price of $6.25. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 06 ’24, Officer Singh Mohit bought 3,203 shares of the business’s stock. A total of $20,019 was incurred on buying the stock at an average price of $6.25. A total of 31.20% of the company’s stock is owned by insiders.
During the past 12 months, QuantumScape Corp has had a low of $4.67 and a high of $10.03. As of last week, the company has a debt-to-equity ratio of 0.08, a current ratio of 8.66, and a quick ratio of 8.66. The fifty day moving average price for QS is $6.0722 and a two-hundred day moving average price translates $6.25305 for the stock.
The latest earnings results from QuantumScape Corp (NYSE: QS) was released for 2024-06-30. The company reported revenue of $134.46 million for the quarter, compared to $123.54 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.84 percent.
