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NYSE:QS

QuantumScape (QS) Stock Price, News & Analysis

$5.54
-0.23 (-3.99%)
(As of 05/23/2024 ET)
Today's Range
$5.45
$5.77
50-Day Range
$5.10
$6.29
52-Week Range
$4.92
$13.86
Volume
5.10 million shs
Average Volume
6.44 million shs
Market Capitalization
$2.76 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$6.09

QuantumScape MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.78 Rating Score
Upside/​Downside
10.0% Upside
$6.09 Price Target
Short Interest
Bearish
11.39% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.27mentions of QuantumScape in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$944,905 Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.06 out of 5 stars

Auto/Tires/Trucks Sector

78th out of 78 stocks

Miscellaneous Electrical Machinery, Equipment, & Supplies Industry

23rd out of 23 stocks

QS stock logo

About QuantumScape Stock (NYSE:QS)

QuantumScape Corporation is a U.S.-based technology development company focused on solid-state technology for the EV industry. Jagdeep Singh, Tim Holme and Fritz Prinz, a trio from Stanford University, formed the company in 2010. 

The company quickly gained major investors' attention. By 2012, it claimed investors like Bill Gates and Volkswagen. The company's solid-state battery technology piqued their interest as technology that will revolutionize the EV market by providing extended ranges and significantly reduced charge times at a lower cost to manufacturers. 

Volkswagen is the company's largest shareholder and has injected millions into the company over its lifespan. The first round came in 2012 but was followed by a $100 million investment in 2018 and another $200 million in 2020. The two now have a joint venture to produce commercial solid-state batteries, and that venture made significant progress in 2022. The technology has two key features: an anode-less architecture and a proprietary ceramic separator. 

QuantumScape went public in 2020 via a reverse merger with SPAC Kensington Capital Acquisition Company. The IPO listed the stock on the NYSE and raised $1 billion in capital for the company. The money funded operations and research that led to prototypes of commercially viable solid-state batteries for the EV market. The target is to increase the range of EVs by as much as 80%, which would give them more range than most ICE vehicles. 

The company uses solid electrodes and electrolytes instead of the liquids and gels used by legacy batteries like lithium-ion. These batteries provide more than double the energy density of traditional batteries at lower costs and can charge to near full capacity in a matter of minutes. Solid state also increases the lifespan of the batteries and reduces capacity fade or the tendency for batteries to lose capacity over time. Another bonus is combustibility. While traditional batteries are prone to combustion, the solid-state separator is neither flammable nor combustible. 

The company began shipping its 24-layer lithium-metal battery prototypes to OEMs in late 2022. The company believes the technology is suitable for various applications, including EVs and consumer electronics. At the time, there was still substantial work to be done before the widespread use of the batteries could begin, but the news marked a major milestone that could accelerate the advancement of the technology. 

According to the company's CEO, Singh, the "E" in ESG has always been central to the company's strategy. The mission should accelerate the shift to electrification and greener technologies by improving battery technology. Once perfected, this technology could be used across the consumer and industrial landscape, providing increased range and reducing the need for backup, carbon-based power sources. 

QS Stock Price History

QS Stock News Headlines

QuantumScape Co. (NYSE:QS) CFO Sells $257,207.28 in Stock
QuantumScape: Risky, But Disruptive
QuantumScape Co. (NYSE:QS) CFO Kevin Hettrich Sells 45,848 Shares
QuantumScape Corporation (QS)
QuantumScape Corp - Class A
QuantumScape Stock: Buy, Sell, or Hold?
QuantumScape (QS) Receives a Sell from Goldman Sachs
QuantumScape: Progress and Prudence Amidst Pending Milestones
Truist Financial Reaffirms Their Hold Rating on QuantumScape (QS)
See More Headlines
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Company Calendar

Last Earnings
4/24/2024
Today
5/23/2024
Next Earnings (Estimated)
7/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Miscellaneous electrical machinery, equipment, & supplies
Sub-Industry
N/A
Fax
N/A
Employees
850
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$6.09
High Stock Price Target
$10.00
Low Stock Price Target
$2.00
Potential Upside/Downside
+10.0%
Consensus Rating
Reduce
Rating Score (0-4)
1.78
Research Coverage
9 Analysts

Profitability

Net Income
$-445,140,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
N/A
Book Value
$2.52 per share

Miscellaneous

Free Float
448,680,000
Market Cap
$2.76 billion
Optionable
Optionable
Beta
4.74
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QS Stock Analysis - Frequently Asked Questions

Should I buy or sell QuantumScape stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for QuantumScape in the last year. There are currently 3 sell ratings, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "reduce" QS shares.
View QS analyst ratings
or view top-rated stocks.

What is QuantumScape's stock price target for 2024?

9 Wall Street analysts have issued 12-month price objectives for QuantumScape's shares. Their QS share price targets range from $2.00 to $10.00. On average, they predict the company's stock price to reach $6.09 in the next twelve months. This suggests a possible upside of 10.0% from the stock's current price.
View analysts price targets for QS
or view top-rated stocks among Wall Street analysts.

How have QS shares performed in 2024?

QuantumScape's stock was trading at $6.95 at the beginning of the year. Since then, QS stock has decreased by 20.4% and is now trading at $5.5350.
View the best growth stocks for 2024 here
.

When is QuantumScape's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 24th 2024.
View our QS earnings forecast
.

How were QuantumScape's earnings last quarter?

QuantumScape Co. (NYSE:QS) announced its earnings results on Wednesday, April, 24th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by $0.02.

Who are QuantumScape's major shareholders?

QuantumScape's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (6.10%), Mirae Asset Global Investments Co. Ltd. (0.86%), Baillie Gifford & Co. (0.54%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (0.37%), Janus Henderson Group PLC (0.37%) and Simplex Trading LLC (0.00%). Insiders that own company stock include Fritz Prinz, Gena C Lovett, Jagdeep Singh, Jeffrey B Straubel, Jurgen Leohold, Justin E Mirro, Kevin Hettrich, Michael O Mccarthy III, Michael O Mccarthy III, Mohit Singh and Timothy Holme.
View institutional ownership trends
.

How do I buy shares of QuantumScape?

Shares of QS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:QS) was last updated on 5/24/2024 by MarketBeat.com Staff

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