The stock of QuantumScape Corp (NYSE:QS) last traded at $5.69, down -8.08% from the previous session.
QS stock price is now 0.04% away from the 50-day moving average and -5.30% away from the 200-day moving average. The market capitalization of the company currently stands at $2.88B.
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
, while ‘William Blair’ rates the stock as ‘Mkt Perform’
In other news, Hettrich Kevin, CHIEF FINANCIAL OFFICER sold 34,607 shares of the company’s stock on Oct 09 ’24. The stock was sold for $190,006 at an average price of $5.49. Upon completion of the transaction, the CHIEF FINANCIAL OFFICER now directly owns 1,073,022 shares in the company, valued at $6.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 07 ’24, Director Singh Jagdeep sold 192,270 shares of the business’s stock. A total of $1,063,753 was realized by selling the stock at an average price of $5.53. This leaves the insider owning 2,590,583 shares of the company worth $14.74 million. A total of 30.80% 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 0.09, a current ratio of 14.07, and a quick ratio of 14.07. The fifty day moving average price for QS is $5.6878 and a two-hundred day moving average price translates $6.0087 for the stock.
The latest earnings results from QuantumScape Corp (NYSE: QS) was released for 2024-09-30. The company reported revenue of $130.16 million for the quarter, compared to $120.87 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.68 percent.
