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

What is QuantumScape Corp.?

QuantumScape (NYSE: QS) is a leading company in next-generation solid-state lithium-metal battery technology. Today, the stock experienced a strong bearish movement in the market.

Why is QuantumScape Corp. going down?

QS stock is down 6.1% on Jun 14, 2024 13:51

• Shareholders approved key proposals and welcomed Sebastian Schebera to the board of directors, but this did not appear to positively impact the stock price.
• The market's negative reaction could be linked to potential uncertainties surrounding future collaborations with Volkswagen AG, despite Schebera's expertise in automotive and battery tech.
• Investor caution regarding the implications of these changes on QuantumScape's strategic direction and growth prospects may have contributed to the bearish movement in the stock price today.

QS Price Chart

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QuantumScape Corp. Price History

13.05.2024 - QS Stock was up 5.7%

• The addition of Sebastian Schebera, head of strategic partnerships at Volkswagen AG, to QuantumScape's board of directors could indicate potential future collaborations between the two companies.
• Investors might be interpreting this news as a sign of increased competition in the electric vehicle battery market, leading to a bearish sentiment towards QuantumScape.
• The market may be concerned about the implications of this new appointment on QuantumScape's existing partnerships and strategic direction, contributing to the downward movement in the stock price today.

30.04.2024 - QS Stock was up 5.1%

• QuantumScape's bullish movement could be attributed to the successful shipment of its latest version of solid-state batteries, signaling potential advancements in EV technology.
• Speculation about QuantumScape potentially challenging Tesla could have sparked investor optimism and interest in the company's future prospects.
• This positive development may have led to increased confidence in QuantumScape's ability to revolutionize the EV market, driving up its stock price significantly.

24.04.2024 - QS Stock was up 5.4%

• QuantumScape stock demonstrated a notable bullish trend today, following a significant decline post-IPO.
• The stock's price movement could be related to discussions on its attractiveness under $10.
• Despite initial market hesitations due to an insider's share sell-off, investor confidence in the stock's growth prospects appears to have rebounded.

08.04.2024 - QS Stock was up 5.8%

• Today's downward trend in QS stock is linked to the following factors:
• QuantumScape is experiencing financial strain from high cash depletion and ongoing hurdles in the solid-state battery industry.
• There is increased scrutiny on the energy sector, with cautions about potential downturns in energy company shares, particularly in battery manufacturers for electric cars.
• Worries about future battery demand and market volatility are influencing the negative mood toward QS and similar battery firms.
• Investors might be offloading QS stocks due to uncertainties surrounding the energy sector and the specific hurdles faced by companies like QuantumScape.

26.03.2024 - QS Stock was up 5.9%

• Despite recent earnings miss and price target cuts by analysts, QuantumScape's stock experienced a bullish movement, defying the bearish sentiment.
• Challenges in the broader EV sector, including Tesla's recent earnings miss and a global slowdown in EV sales, have contributed to negative market sentiment.
• Rising interest rates have impacted EV sales, leading to a shift back to combustion-powered vehicles as financing becomes more expensive for buyers.
• QuantumScape's strategic innovations and ability to navigate through market challenges may have instilled confidence in investors, driving the bullish movement despite negative news.

25.03.2024 - QS Stock was up 8.1%

• QuantumScape's earnings per share loss of 24 cents fell short of the expected 21 cents, leading to a pessimistic reaction from investors.
• Price targets for QS stock were reduced by analysts at TD Cowen and UBS, signaling doubts about the company's future performance.
• Challenges within the electric vehicle sector were highlighted by Tesla's earnings missing projections, impacting market perception of QS.
• The escalation of interest rates has influenced EV sales, increasing the cost of financing and affecting consumer perspectives on electric vehicles, placing additional strain on QS stock.

25.03.2024 - QS Stock was up 10.5%

• QS stock showed a decline in value today.
• Earnings per share for Q1 2024 were reported at -24 cents, falling short of the projected -21 cents.
• Factors such as higher interest rates affecting EV sales and overall industry obstacles might have influenced the bearish market trend.
• Notwithstanding the obstacles, QuantumScape's strategic advancements to address industry challenges could potentially foster growth in the EV sector.

15.03.2024 - QS Stock was up 5.1%

• The recent decline in QS stock price may be linked to the CFO's selling of shares totaling over $212,000, sparking concerns among investors regarding the company's financial health and future prospects.
• Speculation about QuantumScape's potential requirement for a buyout to ensure sustainability could have added to the pessimism surrounding the stock, impacting market sentiment negatively.
• Despite the overall positive outlook for battery stocks, the spotlight on QuantumScape's internal financial actions and potential external support needs may have outweighed industry optimism, resulting in a downward trend for the stock.

10.03.2024 - QS Stock was up 5.8%

• Despite the optimistic sentiment in the battery market, QuantumScape's stock witnessed a decline.
• The sale of shares by the CFO, totaling over $212,000, could have suggested doubt in the company's future, influencing the stock's drop.
• Speculation surrounding a potential buyout for QuantumScape to ensure its sustainability might have contributed to the negative view on the stock.
• While the battery sector generally appears positive, factors like insider selling and uncertainties about the company's future could have impacted QuantumScape's bearish performance.

10.03.2024 - QS Stock was up 7.6%

• The CFO selling shares worth over $212,000 could have signaled lack of confidence in the company's future prospects, leading to a bearish sentiment among investors.
• Despite positive news about the growth potential of the battery market and the funding support for electric vehicle battery supply chain, the CFO's actions may have overshadowed the positive outlook for QuantumScape.
• Mentioning undervalued battery stocks to buy before the next rally might have highlighted QuantumScape's current valuation, possibly indicating that investors are not seeing the company as a strong buy at the moment.
• The overall bearish movement in the market could be a result of profit-taking or a shift in investor sentiment towards the electric vehicle industry, impacting stocks like QuantumScape.

05.03.2024 - QS Stock was up 5.1%

• QuantumScape's stock (QS) showed a downward trend today, which could be influenced by the overall pessimism surrounding battery stocks.
• Concerns have been raised regarding declining battery prices impacting manufacturing profitability, creating a prevailing sense of concern within the industry.
• Despite facing short-term hurdles, the future prospects for EVs and battery demand appear optimistic, with significant growth projections for 2030.
• Investors seem to be responding to the current sentiment surrounding battery stocks, possibly disregarding the potential for economies of scale and enhanced productivity in battery manufacturing.

04.03.2024 - QS Stock was up 6.6%

• QuantumScape's stock saw an 8% increase, bringing it back to break-even for the month despite being 10% below its starting position for the year.
• The positive market movement could be attributed to the recent milestone achieved by QuantumScape, signaling potential recovery and investor confidence in the company.
• The overall bullish sentiment towards battery stocks, especially with the focus on renewable energy and the Biden Administration's investment in advanced batteries, could have contributed to the positive movement in QS stock.
• The anticipation of a comeback in the electric vehicle sector and the undervalued nature of battery stocks could have further fueled investor interest in QuantumScape, leading to the bullish market movement today.