Streetbeat News

QuantumScape Corporation

https://www.quantumscape.com

Industry

Auto - Parts

QuantumScape Corporation, a development stage company, focuses on the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications. The company was founded in 2010 and is headquartered in San Jose, California.

Open

4.25

Mkt cap

2.4B

Volume

7.8M

High

4.38

P/E Ratio

-4.64

52-wk high

9.52

Low

4.21

Div yield

N/A

52-wk low

4.05

Truist Securities analyst Jordan Levy has maintained a Hold rating on QuantumScape (NYSE:QS) and increased the price target from $6 to $7.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 7:18 pm

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Portfolio Pulse from Benzinga Newsdesk

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Portfolio Pulse from Lisa Levin

November 29, 2023 | 7:02 pm

QuantumScape (NYSE:QS) has received mixed analyst ratings in the last quarter, with an average 12-month price target of $7.00, representing a 12.5% decrease from the previous target of $8.00. Ratings include 1 somewhat bullish, 2 indifferent, and 1 bearish. Analysts provide these ratings based on financial analysis and company insights, and they are updated quarterly.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 4:00 pm

Truist Securities analyst Jordan Levy has reiterated a Hold rating on QuantumScape (NYSE:QS) and maintained a price target of $6.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 3:15 pm

Consumer discretionary stocks are trading higher amid overall market strength. Multiple companies are mentioned.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 7:56 pm

QuantumScape Corp (NYSE:QS) reported a Q3 loss of 23 cents per share, beating estimates for a loss of 30 cents per share. Operating expenses totaled $121 million and capital expenditures were $18 million. The company maintained its full-year cash operating expense outlook of $225 million to $275 million and revised its capex guidance lower to a range of $75 million to $100 million. QuantumScape ended the quarter with about $1.1 billion in liquidity after raising $300 million and expects its cash runway to extend into 2026. Despite the positive financial results, the company's shares were trading lower.

Portfolio Pulse from Adam Eckert

October 26, 2023 | 1:28 pm

QuantumScape Corp reported Q3 financial results, beating estimates with a loss of 23 cents per share. The company maintained its full-year cash operating expense outlook and revised its capex guidance lower. It ended the quarter with $1.1 billion in liquidity after raising $300 million. QuantumScape highlighted the success of its A0 prototype cells and plans to move from prototype to product in 2023.

Portfolio Pulse from Adam Eckert

October 25, 2023 | 9:34 pm

QuantumScape reported Q3 losses of $(0.23) per share, beating the analyst consensus estimate of $(0.30) by 23.33 percent. This represents a 14.81 percent increase over losses from the same period last year.

Portfolio Pulse from totan@benzinga.com

October 25, 2023 | 9:02 pm

In the last quarter, QuantumScape (NYSE:QS) received mixed analyst ratings with 2 bearish, 1 somewhat bullish, and 1 indifferent. The company's average 12-month price target is $7.0, with a high of $10.00 and a low of $5.00. This average price target has increased by 4.95% over the past month.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 6:00 pm

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