QuantumScape Corp. ($QS) Stock Forecast (2024)

What is QuantumScape Corp.?

QuantumScape (QS) is a company focused on solid-state battery technology, a sector gaining traction due to emerging trends in renewable energy and advancements in battery technology. Today, QS experienced a strong bullish movement in the market.

Why is QuantumScape Corp. going up?

QS stock is up 5.1% on Aug 29, 2024 17:57

• Insiders at QuantumScape, including the CTO and Chief Legal Officer, have been selling significant amounts of shares recently.
• Despite insider selling, analysis suggests that holding onto QS shares for the long-term potential of solid-state batteries could be rewarding.
• The surge in battery technology stocks, driven by emerging trends in renewable energy, may have positively influenced QS's market performance.
• The information about insider sales, while potentially raising concerns, did not deter investors from recognizing the growth prospects in the battery technology sector, contributing to QS's bullish movement.

QS Price Chart

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QuantumScape Corp. Price History

19.06.2024 - QS Stock was down 10.0%

• QuantumScape stock saw a significant decrease in value despite the positive announcement of the collaboration with PowerCo, leading to a 65% rise post-partnership.
• The decline in stock value could be linked to influential investors taking a bearish stance on QuantumScape, as noted in coverage of heightened options trading activity.
• The speculative nature of battery stocks and market volatility likely contributed to the notable drop in QuantumScape's stock price.
• While the recent downturn is noteworthy, the ongoing potential of solid-state battery technology and the company's partnerships suggest a promising outlook for QuantumScape.

29.07.2024 - QS Stock was up 5.1%

• Insiders at QuantumScape, including the CTO and Chief Legal Officer, have been selling significant amounts of shares recently.
• Despite insider selling, analysis suggests that holding onto QS shares for the long-term potential of solid-state batteries could be rewarding.
• The surge in battery technology stocks, driven by emerging trends in renewable energy, may have positively influenced QS's market performance.
• The information about insider sales, while potentially raising concerns, did not deter investors from recognizing the growth prospects in the battery technology sector, contributing to QS's bullish movement.

28.07.2024 - QS Stock was down 5.1%

• The surge in battery technology stocks due to emerging trends in renewable energy did not seem to positively impact QuantumScape today.
• The insider sales by the CTO and Chief Legal Officer, totaling over $570k, might have raised concerns among investors about the company's future prospects.
• The significant amount of shares being sold by key executives could have signaled lack of confidence in QuantumScape's performance or potential challenges ahead, leading to the bearish movement in the stock price.
• Investors may interpret these insider sales as a lack of faith in the company's ability to deliver on its promises, causing a sell-off and driving the stock price down.

24.06.2024 - QS Stock was down 6.5%

• QuantumScape stock had a strong bearish movement today despite recent positive developments in the company's battery business.
• The stock had surged 65% following an announcement of a collaboration with Volkswagen Group's battery division, PowerCo, to mass produce solid-state lithium-metal batteries.
• The initial excitement and gains from the announcement may have led to profit-taking by investors, causing the stock to decline.
• The overall volatility in the battery stock market, with high expectations but also uncertainties about long-term viability, likely contributed to the bearish movement in QuantumScape stock today.

24.06.2024 - QS Stock was down 5.1%

• QuantumScape stock had a strong bearish movement today despite recent positive PR about its battery business.
• The market rotation away from meme stocks and towards smaller-cap and value stocks may have contributed to the decline in QS stock.
• While the collaboration with PowerCo for mass production of solid-state lithium-metal batteries was initially well-received, the current market sentiment seems to be favoring other types of stocks.
• Investors may be cautious about the speculative nature of battery stocks and the overall uncertainty in the market, leading to the bearish movement in QuantumScape stock.

18.06.2024 - QS Stock was down 5.2%

• QuantumScape experienced a bearish movement despite positive news of entering an agreement with Volkswagen's PowerCo to industrialize solid-state batteries.
• The bearish trend could be attributed to profit-taking by investors after a recent surge in the stock price following the licensing deal with Volkswagen.
• The overall market sentiment towards solid-state battery stocks seems positive, as evident from the increasing investments in battery technology and alliances between automobile companies and battery producers.
• Despite the bearish movement, the long-term outlook for QuantumScape and the solid-state battery industry remains optimistic, given the growing interest in clean energy infrastructure and electric vehicles.

26.06.2024 - QS Stock was up 5.9%

• QuantumScape reported wider losses than expected in Q2, with $0 revenue and a net loss of $122.95 million. The GAAP EPS loss of 25 cents missed analyst estimates.
• Increased expenses in research and development, along with capital expenditures, led to the EPS miss and raised concerns about profitability.
• TD Cowen lowered its price target for QS stock, citing high cash burn and uncertainty regarding the company's path to profitability.
• QuantumScape secured a deal with PowerCo and extended its cash runway, potentially boosting investor confidence and driving the bullish stock movement.

25.06.2024 - QS Stock was down 12.1%

• QuantumScape's stock witnessed a bearish movement today subsequent to the recent Q2 2024 earnings publication.
• The company disclosed earnings per share of -25 cents, falling short of the analyst projection of -23 cents by 8.7%.
• While QuantumScape finalized an agreement with PowerCo and extended its cash reserves, the market responded negatively to the earnings shortfall, resulting in a decrease in the stock value.
• Investors seemed somewhat let down by the absence of reported revenue for the quarter, contributing to the downward trend observed in QuantumScape's stock.

25.06.2024 - QS Stock was down 9.0%

• QuantumScape stock experienced a bearish movement likely due to missing earnings per share for Q2 2024, coming in at -25 cents compared to the analyst estimate of -22 cents.
• Despite securing a deal with PowerCo and extending its cash runway, the market reacted negatively to the earnings miss, indicating investor concerns about the company's financial performance.
• The positive news of expanding AI and machine learning initiatives in the healthcare sector by Predictive Oncology might have diverted investor attention away from QuantumScape, contributing to the bearish trend in QS stock.
• Investors might be cautious about QuantumScape's future outlook and strategic partnerships as highlighted in the Q2 2024 earnings call, leading to a sell-off in the stock.

13.07.2024 - QS Stock was up 5.0%

• QuantumScape (QS) experienced a strong bullish movement today, possibly driven by the overall positive sentiment towards the EV market and the increasing demand for electric vehicles.
• Challenges in the EV market, such as range anxiety and pricing concerns, could impact traditional EV manufacturers like Tesla. However, QuantumScape's focus on solid-state lithium-metal batteries may position them favorably in addressing these challenges and attracting investors.
• As the EV market continues to evolve and face obstacles, investors may be looking towards companies like QuantumScape that offer innovative solutions and potential growth opportunities in the industry.

05.07.2024 - QS Stock was up 5.7%

• The bullish movement in QS stock could be attributed to the positive sentiment surrounding the electric vehicle industry, with investors eyeing potential growth opportunities in the sector.
• The mention of QuantumScape in information about undervalued and emerging stocks could have sparked interest and attracted more investors to the company.
• Hinting at a buying opportunity for QuantumScape due to recent EV pessimism being a potential catalyst for the stock's upward movement today.

05.07.2024 - QS Stock was up 12.5%

• QuantumScape witnessed a significant bullish movement today within the context of a generally turbulent EV market.
• The upsurge in QuantumScape's stock price could be linked to the current positive sentiment surrounding EV companies such as Rivian and Lucid, despite the broader market situation.
• Investors are potentially considering QuantumScape as a stock poised for substantial growth within the EV industry, particularly in light of the recent decline in EV stock valuations.
• Market sentiment appears to be favoring companies like QuantumScape, signaling a resurgence of interest in the EV sector despite recent market fluctuations.