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In the race towards automotive innovation, QuantumScape (QS) found itself facing headwinds in the market this quarter. Over the last three months, the company's stock took a substantial dive, falling by -30.4% to reach $6.32 per share.
A comprehensive analysis conducted by A.I.dvisor scrutinized 139 stocks within the Auto Parts: OEM Industry for the 3-month period ending May 26, 2023. The analysis uncovered an intriguing landscape: 41 stocks (29.73%) exhibited an Uptrend, while 98 stocks (70.27%) demonstrated a Downtrend.
Now, let's explore the future of automotive technology and unveil the factors that contributed to QuantumScape's setback. From technological challenges to market dynamics and company-specific circumstances, the path to revolutionizing auto parts is filled with complexity.
Industry enthusiasts and investors now find themselves contemplating QuantumScape's ability to overcome these challenges and continue driving innovation in the industry. Can they unlock the power of next-generation batteries, navigate through obstacles, and regain their momentum? The automotive future awaits.
In the dynamic realm of auto parts and OEM, staying informed and making informed decisions is crucial. We are committed to closely monitoring QuantumScape's journey, providing you with valuable insights and potential opportunities that may arise. Stay tuned for more expert analysis and captivating perspectives within the ever-changing Auto Parts: OEM Industry.
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where QS declined for three days, in of 210 cases, the price declined further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on September 20, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on QS as a result. In of 52 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for QS turned negative on September 26, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 25 similar instances when the indicator turned negative. In of the 25 cases the stock turned lower in the days that followed. This puts the odds of success at .
The Aroon Indicator for QS entered a downward trend on September 27, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where QS's RSI Oscillator exited the oversold zone, of 24 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where QS advanced for three days, in of 175 cases, the price rose further within the following month. The odds of a continued upward trend are .
QS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.591) is normal, around the industry mean (3.069). P/E Ratio (0.000) is within average values for comparable stocks, (39.323). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.659). QS has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.034). P/S Ratio (0.000) is also within normal values, averaging (5.238).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. QS’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. QS’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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A.I.dvisor indicates that over the last year, QS has been loosely correlated with AEVA. These tickers have moved in lockstep 52% of the time. This A.I.-generated data suggests there is some statistical probability that if QS jumps, then AEVA could also see price increases.