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 maintains a Hold rating on QuantumScape (NYSE:QS) and lowers the price target from $8 to $6.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 4:31 pm

The upcoming week's earnings reports from major companies like Tesla, Meta Platforms, Microsoft, and Alphabet are highly anticipated as they could influence the market's direction. FactSet's report indicates that S&P 500 companies' earnings surprises are at or above their 10-year averages, despite a slight decline in the combined earnings per share growth rate. The focus shifts to tech companies, with 158 S&P 500 companies, including 11 Dow 30 components, expected to release their earnings. Tesla is expected to report a downbeat quarter, while Microsoft, Alphabet, and Meta are anticipated to report strong results. The SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ) have seen declines from their all-time highs.

Portfolio Pulse from Shanthi Rexaline

April 21, 2024 | 9:45 pm

EV stocks, including LCID, MULN, NIO, and PSNY, are trading lower due to overall market weakness, Middle East tensions, rising yields, and potential layoffs at Tesla affecting the sector.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 7:47 pm

Shares of companies in the consumer discretionary sector are down due to market weakness after March inflation data exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:09 pm

QuantumScape's stock is trading higher following the announcement that the company has begun shipping its Alpha-2 prototype battery cells to customers. This development is seen as a significant step forward for QuantumScape in its efforts to commercialize its solid-state battery technology.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 3:22 pm

QuantumScape Corporation (NYSE:QS) has started shipping Alpha-2 prototype battery cells to customers, achieving a significant 2024 goal ahead of schedule. These prototypes are crucial for the development of QuantumScape's first commercial product, QSE-5, and feature improvements such as higher energy density compared to previous prototypes.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 10:47 am

Today's session highlighted significant whale activity in the options market for 10 consumer discretionary stocks, indicating potential trading opportunities. Notable movements include bearish call options for TSLA and IRBT, bullish put options for AMZN, W, M, and QS, bullish call options for CZR and DASH, and neutral to bearish sentiment for RIVN and CVNA. These activities suggest varied investor expectations and could influence stock prices in the short term.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 5:35 pm

QuantumScape's (NYSE:QS) short interest has decreased by 4.1%, now representing 15.91% of its float with 55.72 million shares sold short. It would take about 6.56 days to cover all short positions. This decrease in short interest could indicate a more bullish sentiment towards QS, although it's not a direct predictor of stock price movement. QuantumScape has a higher short interest compared to its peers, with an average of 7.75% in the peer group.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 8:45 pm

Today's session highlighted unusual options activity in the Consumer Discretionary sector, tracking large transactions by 'whales'. Notable activity was observed in stocks like TSLA, BABA, AMZN, NKE, DASH, PLNT, TJX, DKNG, QS, and HLT, with various sentiments and expiration dates. This could indicate potential trading opportunities based on the divergence of market estimation from normal value.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 5:35 pm

QuantumScape's stock price has decreased following the release of their Q4 earnings report.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 4:51 pm

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