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.
The Moving Average Convergence Divergence (MACD) for QS turned positive on May 18, 2023. Looking at past instances where QS's MACD turned positive, the stock continued to rise in of 22 cases over the following month. The odds of a continued upward trend are .
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where QS's RSI Indicator exited the oversold zone, of 19 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on May 22, 2023. You may want to consider a long position or call options on QS as a result. In of 46 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where QS advanced for three days, in of 155 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 26 cases where QS's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
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 of 62 cases within the following month. The odds of a continued downward trend are .
QS broke above its upper Bollinger Band on May 22, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for QS entered a downward trend on May 24, 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 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 (2.308) is normal, around the industry mean (2.917). P/E Ratio (0.000) is within average values for comparable stocks, (37.211). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (1.508). 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 (9.242).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady 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 90, 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 LAZR. These tickers have moved in lockstep 62% of the time. This A.I.-generated data suggests there is some statistical probability that if QS jumps, then LAZR could also see price increases.