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

5.07

Mkt cap

2.6B

Volume

13M

High

5.13

P/E Ratio

-5.25

52-wk high

10.03

Low

4.93

Div yield

N/A

52-wk low

4.67

QuantumScape (NYSE:QS) is expected to report an EPS of $-0.34 in its upcoming quarterly earnings on 2024-02-14. Historically, the company's share price has reacted variably to earnings reports, with a notable 6.95% drop after last quarter's beat. Over the last year, QS shares have declined by 34.89%, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 5:01 pm

Deep-pocketed investors have shown a significant interest in QuantumScape (NYSE:QS), with a bullish sentiment prevailing among 60% of them based on recent options activity. The activity includes 10 extraordinary options trades, with a focus on a price target range of $5.0 to $10.0 for QS. The trading volume and open interest in these options have been notably high, indicating a strong investor focus on QuantumScape's performance. The company, known for its development of solid-state lithium-metal batteries for electric vehicles, is currently trading at $6.77 with an upcoming earnings announcement in 8 days.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 7:16 pm

QuantumScape Corp (NYSE:QS) shares increased by over 9% on Monday, potentially recovering from January losses. The initial surge in shares earlier in the month was due to positive test results from a solid-state battery by Volkswagen Group's subsidiary PowerCo. However, the stock experienced a pullback in the following weeks. The recent gain could be attributed to a high short interest of 16.59% and overall strength in the EV sector. QuantumScape closed at $7.18, up 8.30%.

Portfolio Pulse from Ryan Gustafson

January 29, 2024 | 10:09 pm

QuantumScape (NYSE:QS) has seen a 3.03% increase in short interest since its last report, with 56.03 million shares sold short, representing 16.0% of its float. It would take about 10.7 days to cover all short positions. High short interest can indicate bearish market sentiment but doesn't necessarily predict a price drop. QuantumScape's short interest is higher than its peer group average of 7.26%.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 2:45 pm

Delta Air Lines, Inc. (NYSE:DAL) reported Q4 FY23 results with operating revenue growth of 5.9% Y/Y to $14.22 billion and adjusted EPS of $1.28, beating consensus. Despite this, DAL shares fell 7.9%. Other stocks also moved lower, including United Airlines (NASDAQ:UAL) and American Airlines (NASDAQ:AAL), which dropped in sympathy with Delta. Various other stocks across different sectors also recorded losses on Friday.

Portfolio Pulse from Avi Kapoor

January 12, 2024 | 3:39 pm

QuantumScape Corp shares soared 46.1% after a positive battery test by a Volkswagen subsidiary, while Peloton Interactive shares jumped 22.5% due to a partnership with TikTok. Eli Lilly shares dipped 1.16% after launching LillyDirect for home delivery of weight loss medicines. Walgreens shares fell 9.80% despite higher sales, due to reduced dividends and lower income. Tesla shares slightly declined by 0.02%, but analysts remain positive about its future prospects.

Portfolio Pulse from Benzinga Neuro

January 05, 2024 | 1:57 am

Tech stocks continued to decline while the broader market showed flat performance. The ADP employment report exceeded expectations, suggesting a strong labor market. Treasury yields rose, reducing the likelihood of a March rate cut. The iShares 20+ Year Treasury Bond ETF (TLT) dropped significantly. The dollar remained stable, and Bitcoin recovered some losses. Financials outperformed with the Financial Select Sector SPDR Fund (XLF) rising, while real estate and solar sectors underperformed. Apple, Walgreens, and Peloton were notable stock movers, with Truist Financial (TFC) receiving an upgrade from Bank of America.

Portfolio Pulse from Piero Cingari

January 04, 2024 | 7:04 pm

Mobileye Global Inc. (MBLY) shares plummeted over 23% after issuing preliminary FY23 financial results and initial 2024 guidance, which were below the previous implied guidance. Wolfe Research analyst Shreyas Patil downgraded the stock from Outperform to Peer Perform. Other stocks experienced significant movement in Thursday's mid-day session, with various companies reporting gains due to positive developments, collaborations, and strategic reviews, while others faced declines due to public offerings, corporate updates, and preliminary financial results.

Portfolio Pulse from Avi Kapoor

January 04, 2024 | 6:37 pm

During Thursday's intraday session, QuantumScape (QS) saw a significant rise of 39.5%, while E-Home Household Service (EJH) experienced a sharp decline of 41%. Other notable gainers included Jeffs Brands (JFBR), MINISO Group Holding (MNSO), Smart Share Glb (EM), ATA Creativity Glb (AACG), and Solid Power (SLDP). On the losing side, Mobileye Global (MBLY), WW International (WW), Polished.com (POL), Jiuzi Hldgs (JZXN), and Cazoo Gr (CZOO) saw their stock prices fall.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 5:31 pm

QuantumScape's stock price has increased following positive test results from Volkswagen using QuantumScape's solid-state battery.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 5:21 pm

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