Quanergy Systems Inc. (QNGY) Clearly Signals Buy-Into the Stock: Don’t ignore the signals

Quanergy Systems Inc. (NYSE: QNGY) stock jumped 9.42% on Friday to $0.36 against a previous-day closing price of $0.33. With 1.88 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.25 million shares. During the session, the Scientific & Technical Instruments company that operates in wider Technology sector, reached to the highest price of $0.3699 whereas the lowest price it dropped to was $0.3200. The 52-week range on QNGY shows that it touched its highest point at $10.10 and its lowest point at $0.31 during that stretch.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of QNGY was up-trending over the past week, with a rise of 11.98%, but this was down by -12.44% over a month. Three-month performance dropped to -79.72% while six-month performance fell -95.63%. The stock lost -96.38% in the past year, while it has lost -96.41% so far this year.

Float and Shares Shorts:

At present, 127.74 million QNGY shares are outstanding with a float of 93.55 million shares on hand for trading. On Apr 28, 2022, short shares totaled 0.34 million, which was 0.38% higher than short shares on Mar 30, 2022. In addition to Dr. Kevin J. Kennedy Ph.D. as the firm’s Chairman & CEO, Dr. Tianyue Yu serves as its Co- Founder, Chief Devel. Officer, Director & Sec.

Institutional Ownership:

Through their ownership of 21.00% of QNGY’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 4.16% of QNGY, in contrast to 1.49% held by mutual funds. Shares owned by individuals account for 1.03%. As the largest shareholder in QNGY with 0.73% of the stake, The Vanguard Group, Inc. holds 675,700 shares worth 675,700. A second-largest stockholder of QNGY, BlackRock Fund Advisors, holds 439,492 shares, controlling over 0.47% of the firm’s shares. Millennium Management LLC is the third largest shareholder in QNGY, holding 228,135 shares or 0.25% stake. With a 0.73% stake in QNGY, the Vanguard Extended Market Index Fu is the largest stakeholder. A total of 675,700 shares are owned by the mutual fund manager. The Fidelity Extended Market Index Fu, which owns about 0.08% of QNGY stock, is the second-largest Mutual Fund holder. It holds 71,523 shares valued at 29324.0. Fidelity Series Total Market Inde holds 0.05% of the stake in QNGY, owning 42,268 shares worth 17330.0.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for QNGY since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With QNGY analysts setting a high price target of – and a low target of –, the average target price over the next 12 months is –.

Summary of Insider Activity:

Insiders traded QNGY stock several times over the past three months with 1 Buys and 2 Sells. In these transactions, 79,695 shares were bought while 517,937 shares were sold. The number of buy transactions has increased to 19 while that of sell transactions has risen to 6 over the past year. The total number of shares bought during that period was 29,871,945 while 2,018,899 shares were sold.

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