QuantumScape (QS, $27.34) posts wider-than-expected loss for Q1
Electric-vehicle-battery maker QuantumScape Corp. posted first-quarter results that fell short of analysts’ expectations.
The company incurred a net loss of -20 cents a share, much wider than the -7 cents a share loss expected by analysts polled by FactSet. The loss was -6 cents a share in the year-earlier quarter.
In a letter to investors, QuantumScape said it met a contractual milestone with Volkswagen AG and delivered battery cells for further testing at the car maker, leading to an additional $100 million investment from Volkswagen into QuantumScape in April.
QuantumScape expects to enter 2022 with greater than $1.3 billion in liquidity, reflecting a net increase of more than $300M compared to its liquidity entering the year.
QS sees MACD Histogram just turned negative
QS saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on April 08, 2022. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 12 instances where the indicator turned negative. In 12 of the 12 cases the stock moved lower in the days that followed. This puts the odds of a downward move at 90%.
Current price $12.37 is above $-29.43 the highest support line found by A.I. Throughout the month of 04/12/22 - 05/13/22, the price experienced a -30% Downtrend. During the week of 05/06/22 - 05/13/22, the stock fell -15%.
The Momentum Indicator moved below the 0 level on April 11, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on QS as a result. In 22 of 25 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 88%.
QS moved below its 50-day Moving Average on April 21, 2022 date and that indicates a change from an upward trend to a downward trend.
The 10-day Moving Average for QS crossed bearishly below the 50-day moving average on April 26, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 3 of 3 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 90%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where QS declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 90%.
The Aroon Indicator for QS entered a downward trend on May 13, 2022. 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 Oscillator points to a transition from a downward trend to an upward trend -- in cases where QS's RSI Indicator exited the oversold zone, 10 of 12 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 83%.
The Stochastic Indicator shows that the ticker has stayed in the oversold zone for 4 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 +19.19% 3-day Advance, the price is estimated to grow further. Considering data from situations where QS advanced for three days, in 77 of 95 cases, the price rose further within the following month. The odds of a continued upward trend are 81%.
QS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 74%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.3.
The Tickeron PE Growth Rating for this company is 100 (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 100 (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 89, placing this stock worse than average.
The Tickeron SMR rating for this company is 99 (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 Price Growth Rating for this company is 92 (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 Valuation Rating of 60 (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 (3.466) is normal, around the industry mean (2.464). P/E Ratio (0.000) is within average values for comparable stocks, (22.157). QS's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (0.821). QS has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.033). P/S Ratio (0.000) is also within normal values, averaging (16.753).
OEM or Original Equipment Manufacturer of auto parts refers to the original producer of a vehicle's components, and so OEM car parts are usually identical to the parts used in producing the vehicle in the first place. OEM parts tend to fit the specifications of a particular model, and their compatibility is often guaranteed by the automaker itself. OEM parts could be more expensive to buy (compared to other vendors’ products) when a consumer goes for replacement. However, increased competition from aftermarket parts/third-party vendors could, in some cases, keep EOM prices in check. The industry might progress further in adopting newer technologies like 3D printing to boost supply chain performance and quality. Aptiv PLC, Magna International Inc. and BorgWarner Inc. are major OEMs for autos.
The average market capitalization across the Auto Parts: OEM Industry is 4B. The market cap for tickers in the group ranges from 206 to 43.6B. DNZOF holds the highest valuation in this group at 43.6B. The lowest valued company is JBZY at 206.
The average weekly price growth across all stocks in the Auto Parts: OEM Industry was -2.01%. For the same Industry, the average monthly price growth was -6.07%, and the average quarterly price growth was -23.43%. LEAT experienced the highest price growth at 22.24%, while ATHHF experienced the biggest fall at -92.99%.
- 5/4/22 8:26 AM: QuantumScape (QS, $15.85) was a top weekly gainer, with a +10.22% jump
- 4/21/22 5:15 AM: QuantumScape (QS, $17.1) was a top loser this week, declining -7.47%
- 4/9/22 5:29 AM: QuantumScape (QS, $17.95) was a top loser this week, declining -11.36%
The average weekly volume growth across all stocks in the Auto Parts: OEM Industry was 5.83%. For the same stocks of the Industry, the average monthly volume growth was 70.36% and the average quarterly volume growth was 15.9%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the Aroon Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 55%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.07.
37 stocks in the group of tickers confirmed the negative outlook based on the MACD indicator with average odds of 76%.
The most notable companies in this group are Generac Holdings (NYSE:GNRC), SolarEdge Technologies (NASDAQ:SEDG), Lumentum Holdings (NASDAQ:LITE), SunPower Corp (NASDAQ:SPWR), Bloom Energy Corp (NYSE:BE), GrafTech International Ltd (NYSE:EAF), Canadian Solar (NASDAQ:CSIQ).
The average market capitalization across the group is 6.1B. The market cap for tickers in the group ranges from 0 to 75B. SBGSY holds the highest valuation in this group at 75B. The lowest valued company is GPGC at 0.
The average weekly price growth across all stocks in the group was -4.53%. For the same group, the average monthly price growth was -14.83%, and the average quarterly price growth was -34.41%. CNEY experienced the highest price growth at 12.66%, while ILIKF experienced the biggest fall at -36.09%.
- 5/14/22 4:22 AM: CEN Biotech (CENBF, $0.12) was a top weekly gainer, with a +9.5% jump
- 5/14/22 4:22 AM: Redflow (REFXF, $0.03) was a top weekly gainer, with a +11.31% jump
- 5/12/22 5:38 AM: Ametek (AME, $120.44) was a top loser this week, declining -5.26%. Expect a Downtrend reversal
The average weekly volume growth across all stocks in the group was 731.36%. For the same stocks of the group, the average monthly volume growth was 478.18% and the average quarterly volume growth was 148.28%
- 5/12/22 5:32 AM: The volume for Lumentum Holdings stock increased for four consecutive days, resulting in a record-breaking daily growth of 78% of the 65-Day Volume Moving Average
- 5/11/22 7:39 AM: The volume for Zinc8 Energy Solutions stock increased for two consecutive days, resulting in a record-breaking daily growth of 178% of the 65-Day Volume Moving Average
- 4/29/22 5:43 AM: The volume for Integer Holdings stock increased for one day, resulting in a record-breaking daily growth of 317% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows