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

QuantumScape Corporation (QS) closed at $24.57 in the latest trading session, marking a +1.36% move from the prior day.

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This story originally appeared on Zacks

QuantumScape Corporation (QS) closed the most recent trading day at $24.57, moving +1.36% from the previous trading session. This change outpaced the S&P 500's 0.62% gain on the day. Elsewhere, the Dow gained 0.55%, while the tech-heavy Nasdaq lost 0.03%.

- Zacks

Coming into today, shares of the company had lost 24.72% in the past month. In that same time, the Auto-Tires-Trucks sector lost 10.72%, while the S&P 500 gained 0.39%.

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 recent revisions tend to reflect the evolving nature of short-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. 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 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. QuantumScape Corporation currently has a Zacks Rank of #3 (Hold).

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.

To follow QS in the coming trading sessions, be sure to utilize Zacks.com.



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