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NIO   3.80 (-5.00%)
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T   16.48 (+0.92%)
F   12.07 (+0.08%)
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PFE   25.89 (+1.97%)
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XOM   119.71 (+1.00%)
NYSE:QS

QuantumScape (QS) Stock Price, News & Analysis

$5.38
-0.07 (-1.28%)
(As of 02:40 PM ET)
Today's Range
$5.37
$5.52
50-Day Range
$5.42
$7.88
52-Week Range
$4.99
$13.86
Volume
4.02 million shs
Average Volume
9.44 million shs
Market Capitalization
$2.67 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$6.71

QuantumScape MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.75 Rating Score
Upside/​Downside
23.2% Upside
$6.71 Price Target
Short Interest
Bearish
11.33% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.28mentions of QuantumScape in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$1.25 M 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.

0.28 out of 5 stars

Auto/Tires/Trucks Sector

74th out of 77 stocks

Miscellaneous Electrical Machinery, Equipment, & Supplies Industry

25th out of 25 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 (QS) to Release Earnings on Wednesday
Strange new buyer driving up gold
One Wall Street trader just made a big new gold prediction: "Pay attention to physical demand for gold... the interest seen over the last week has been unprecedented."
QuantumScape (NYSE:QS) Trading Down 2%
QuantumScape (NYSE:QS) Shares Down 6.4% After Insider Selling
Strange new buyer driving up gold
One Wall Street trader just made a big new gold prediction: "Pay attention to physical demand for gold... the interest seen over the last week has been unprecedented."
QuantumScape May Need A Buyout To Stay Viable
7 Battery Stocks to Buy Before the Next Big Rally
3 High-Risk Stocks Under $20 That Can Triple by 2025
7 EV Stocks to Buy Before the Sector Revs Back Up
Why QuantumScape Stock Is Up Today
See More Headlines
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Company Calendar

Last Earnings
2/14/2024
Today
4/19/2024
Next Earnings (Confirmed)
4/24/2024
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
$6.71
High Stock Price Target
$10.00
Low Stock Price Target
$2.00
Potential Upside/Downside
+23.1%
Consensus Rating
Reduce
Rating Score (0-4)
1.75
Research Coverage
8 Analysts

Profitability

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

Debt

Sales & Book Value

Annual Sales
N/A
Book Value
$2.71 per share

Miscellaneous

Free Float
445,336,000
Market Cap
$2.70 billion
Optionable
Optionable
Beta
4.76
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QS Stock Analysis - Frequently Asked Questions

Should I buy or sell QuantumScape stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for QuantumScape in the last year. There are currently 3 sell ratings, 4 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?

8 equities research analysts have issued 12 month target prices for QuantumScape's stock. Their QS share price targets range from $2.00 to $10.00. On average, they predict the company's stock price to reach $6.71 in the next twelve months. This suggests a possible upside of 23.2% 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 2024. Since then, QS stock has decreased by 21.6% and is now trading at $5.45.
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, April 24th 2024.
View our QS earnings forecast
.

How can I listen to QuantumScape's earnings call?

QuantumScape will be holding an earnings conference call on Wednesday, April 24th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were QuantumScape's earnings last quarter?

QuantumScape Co. (NYSE:QS) announced its quarterly earnings results on Wednesday, February, 14th. The company reported ($0.23) EPS for the quarter, missing analysts' consensus estimates of ($0.19) by $0.04. During the same period in the prior year, the firm posted ($0.25) earnings per share.

Who are QuantumScape's major shareholders?

QuantumScape's stock is owned by a variety of institutional and retail investors. Top institutional investors include IMC Chicago 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 4/19/2024 by MarketBeat.com Staff

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