QuantumScape Corporation (NYSE:QS – Get Free Report)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $5.52 and last traded at $5.40, with a volume of 5396892 shares traded. The stock had previously closed at $5.87.
QuantumScape News Roundup
Here are the key news stories impacting QuantumScape this week:
- Positive Sentiment: QuantumScape beat Q2 EPS estimates, narrowed its loss, and posted progress on the Eagle Line and customer billings, suggesting continued technical and commercial advancement. Is QS Stock a Buy After the Q2 Earnings Sell-Off or a Value Trap?
- Positive Sentiment: New strategic opportunities with Honda, Volkswagen’s PowerCo, AI data centers, aerospace, and defense broaden the company’s potential market beyond EV batteries. QS Q2 Earnings Call Focuses on Honda and New Markets
- Positive Sentiment: Some analysts/viewpoints argue QuantumScape’s funding quality and reduced dilution risk make it relatively stronger than peers like Solid Power. QuantumScape Vs. Solid Power: Progress And Funding Quality, Not Valuation, Will Decide The Winner
- Neutral Sentiment: The company has options-market attention and heavy trading volume, signaling that investors are bracing for continued volatility rather than making a clear directional bet.
- Negative Sentiment: Despite the earnings beat, the stock sold off as investors highlighted weak profitability, limited near-term revenue, and concerns that commercialization is still far away. Deeper dive: why QuantumScape stock’s post-earnings decline makes sense
- Negative Sentiment: Recent articles note that PowerCo reduced its financial commitment and that QuantumScape remains valued on hopes rather than clear earnings power, which is weighing on sentiment. QuantumScape: Plan Keeps Changing While The Clock Is Ticking
Analysts Set New Price Targets
Separately, TD Cowen lowered their price target on QuantumScape from $8.00 to $6.00 and set a “hold” rating on the stock in a report on Friday. Five equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $9.47.
QuantumScape Stock Down 4.3%
The company has a 50-day moving average price of $7.33 and a 200 day moving average price of $7.70. The firm has a market capitalization of $3.01 billion, a PE ratio of -6.04 and a beta of 2.61. The company has a debt-to-equity ratio of 0.02, a current ratio of 21.14 and a quick ratio of 21.14.
QuantumScape (NYSE:QS – Get Free Report) last released its earnings results on Wednesday, July 22nd. The company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.02. QuantumScape’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.20) EPS. Analysts forecast that QuantumScape Corporation will post -0.82 earnings per share for the current year.
Insiders Place Their Bets
In other news, insider Mohit Singh sold 50,000 shares of QuantumScape stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $7.87, for a total transaction of $393,500.00. Following the sale, the insider owned 1,803,035 shares in the company, valued at $14,189,885.45. This trade represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Timothy Holme sold 150,320 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $9.30, for a total transaction of $1,397,976.00. Following the completion of the transaction, the chief technology officer directly owned 1,712,506 shares in the company, valued at $15,926,305.80. This trade represents a 8.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 737,540 shares of company stock worth $5,967,115 in the last three months. 3.93% of the stock is owned by company insiders.
Institutional Trading of QuantumScape
A number of institutional investors and hedge funds have recently bought and sold shares of QS. Vanguard Group Inc. boosted its holdings in shares of QuantumScape by 11.8% during the 4th quarter. Vanguard Group Inc. now owns 40,959,061 shares of the company’s stock valued at $426,793,000 after purchasing an additional 4,323,829 shares during the last quarter. Morgan Stanley increased its holdings in shares of QuantumScape by 333.5% in the fourth quarter. Morgan Stanley now owns 11,126,497 shares of the company’s stock worth $115,938,000 after purchasing an additional 8,559,554 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of QuantumScape by 16.7% in the fourth quarter. Geode Capital Management LLC now owns 8,327,604 shares of the company’s stock worth $86,794,000 after purchasing an additional 1,189,748 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of QuantumScape in the fourth quarter worth about $84,584,000. Finally, State Street Corp lifted its position in shares of QuantumScape by 7.6% in the fourth quarter. State Street Corp now owns 7,500,503 shares of the company’s stock worth $78,155,000 after buying an additional 529,602 shares in the last quarter. 29.87% of the stock is currently owned by institutional investors.
About QuantumScape
QuantumScape Corporation is a development-stage company specializing in the research and commercialization of next-generation solid-state lithium-metal batteries for electric vehicles. The company’s core technology replaces the traditional liquid electrolyte with a solid ceramic separator, aiming to deliver higher energy density, faster charging times and enhanced safety compared to conventional lithium-ion cells. QuantumScape’s product roadmap focuses on enabling electric vehicle manufacturers to extend driving range and reduce charging downtime, addressing key barriers to widespread EV adoption.
Founded in 2010 and headquartered in San Jose, California, QuantumScape has attracted significant strategic investment and formed partnerships with leading automotive OEMs.
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