Do Analysts Expect Quantumscape Corp (QS) Stock to Rise After It Is Up 2.71% in a Month?

Friday, March 18, 2022 01:55 PM | InvestorsObserver Analysts

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Analysts who follow Quantumscape Corp (QS) on average expect it to add 90.54% over the next twelve months. Those same analysts give the stock an average rating of Buy. That average rating earns Quantumscape Corp an Analyst Ranking of 28, which means it ranks higher than 28 of stocks, based on data compiled by InvestorsObserver.

Wall Street analysts are rating QS a Buy today. Find out what this means to you and get the rest of the rankings on QS!
See Full QS Report

Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Quantumscape Corp Stock Today?

Quantumscape Corp (QS) stock is trading at $17.45 as of 1:41 PM on Friday, Mar 18, a rise of $0.93, or 5.63% from the previous closing price of $16.52. The stock has traded between $16.32 and $17.52 so far today. Volume today is light. So far 4,657,317 shares have traded compared to average volume of 7,392,801 shares. Click Here to get the full Stock Report for Quantumscape Corp stock.

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