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QuantumScape Corporation (QS) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, QuantumScape Corporation (QS - Free Report) closed at $20.16, marking a -0.93% move from the previous day. This move lagged the S&P 500's daily loss of 0.63%. At the same time, the Dow lost 0.19%, and the tech-heavy Nasdaq lost 0.34%.
Coming into today, shares of the company had gained 24.31% in the past month. In that same time, the Auto-Tires-Trucks sector gained 10.61%, while the S&P 500 gained 6.02%.
QuantumScape Corporation will be looking to display strength as it nears its next earnings release.
Any recent changes to analyst estimates for QuantumScape Corporation should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. QuantumScape Corporation is holding a Zacks Rank of #5 (Strong Sell) right now.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 226, which puts it in the bottom 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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QuantumScape Corporation (QS) Dips More Than Broader Markets: What You Should Know
In the latest trading session, QuantumScape Corporation (QS - Free Report) closed at $20.16, marking a -0.93% move from the previous day. This move lagged the S&P 500's daily loss of 0.63%. At the same time, the Dow lost 0.19%, and the tech-heavy Nasdaq lost 0.34%.
Coming into today, shares of the company had gained 24.31% in the past month. In that same time, the Auto-Tires-Trucks sector gained 10.61%, while the S&P 500 gained 6.02%.
QuantumScape Corporation will be looking to display strength as it nears its next earnings release.
Any recent changes to analyst estimates for QuantumScape Corporation should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. QuantumScape Corporation is holding a Zacks Rank of #5 (Strong Sell) right now.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 226, which puts it in the bottom 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.