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QuantumScape Corporation (QS) Stock Sinks As Market Gains: What You Should Know

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QuantumScape Corporation (QS - Free Report) closed the most recent trading day at $28.46, moving -0.66% from the previous trading session. This change lagged the S&P 500's daily gain of 0.58%.

Heading into today, shares of the company had gained 6.43% over the past month, lagging the Auto-Tires-Trucks sector's gain of 9.48% and outpacing the S&P 500's gain of 2.17% in that time.

Investors will be hoping for strength from QS as it approaches its next earnings release.

It is also important to note the recent changes to analyst estimates for QS. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. QS is holding a Zacks Rank of #3 (Hold) right now.

The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 121, which puts it in the top 48% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


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