What's Going On With QuantumScape (QS) Stock?
Portfolio Pulse from Henry Khederian
QuantumScape Corp's shares are trading lower by 6.31% to $12.48. The company reported Q2 losses of 26 cents per share, compared to the analyst consensus estimate of a loss of 20 cents. The shares have seen marked volatility and are higher by some 52% over the trailing month, possibly due to increased interest by retail investors in high short interest names. QS has a short float of roughly 20%.
August 04, 2023 | 10:13 am
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QuantumScape's stock is trading lower following Q2 losses and recent strength. The stock has seen significant volatility, possibly due to increased retail investor interest.
QuantumScape reported larger than expected losses for Q2, which is likely causing the stock to trade lower. Additionally, the stock has seen significant volatility, possibly due to increased interest from retail investors. This could lead to unpredictable short-term price movements.
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