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QuantumScape Corporation (QS) Outpaces Stock Market Gains: What You Should Know
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QuantumScape Corporation (QS - Free Report) closed at $24.57 in the latest trading session, marking a +1.36% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.62%. At the same time, the Dow added 0.55%, and the tech-heavy Nasdaq lost 0.03%.
Coming into today, shares of the company had lost 23.7% in the past month. In that same time, the Auto-Tires-Trucks sector lost 5.73%, while the S&P 500 gained 0.87%.
Investors will be hoping for strength from QuantumScape Corporation as it approaches its next earnings release.
Investors should also note any recent changes to analyst estimates for QuantumScape Corporation. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. QuantumScape Corporation currently has a Zacks Rank of #3 (Hold).
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 231, putting it in the bottom 10% 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.
To follow QS in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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QuantumScape Corporation (QS) Outpaces Stock Market Gains: What You Should Know
QuantumScape Corporation (QS - Free Report) closed at $24.57 in the latest trading session, marking a +1.36% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.62%. At the same time, the Dow added 0.55%, and the tech-heavy Nasdaq lost 0.03%.
Coming into today, shares of the company had lost 23.7% in the past month. In that same time, the Auto-Tires-Trucks sector lost 5.73%, while the S&P 500 gained 0.87%.
Investors will be hoping for strength from QuantumScape Corporation as it approaches its next earnings release.
Investors should also note any recent changes to analyst estimates for QuantumScape Corporation. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. QuantumScape Corporation currently has a Zacks Rank of #3 (Hold).
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 231, putting it in the bottom 10% 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.
To follow QS in the coming trading sessions, be sure to utilize Zacks.com.