QuantumScape (QS) Stock Price, News & Analysis

Company Overview

QuantumScape Corporation is a U.S.-based technology development company focused on solid-state technology for the EV industry. Jagdeep Singh, Tim Holme and Fritz Prinz, a trio from Stanford University, formed the company in 2010. 

The company quickly gained major investors' attention. By 2012, it claimed investors like Bill Gates and Volkswagen. The company's solid-state battery technology piqued their interest as technology that will revolutionize the EV market by providing extended ranges and significantly reduced charge times at a lower cost to manufacturers. 

Volkswagen is the company's largest shareholder and has injected millions into the company over its lifespan. The first round came in 2012 but was followed by a $100 million investment in 2018 and another $200 million in 2020. The two now have a joint venture to produce commercial solid-state batteries, and that venture made significant progress in 2022. The technology has two key features: an anode-less architecture and a proprietary ceramic separator. 

QuantumScape went public in 2020 via a reverse merger with SPAC Kensington Capital Acquisition Company. The IPO listed the stock on the NYSE and raised $1 billion in capital for the company. The money funded operations and research that led to prototypes of commercially viable solid-state batteries for the EV market. The target is to increase the range of EVs by as much as 80%, which would give them more range than most ICE vehicles. 

The company uses solid electrodes and electrolytes instead of the liquids and gels used by legacy batteries like lithium-ion. These batteries provide more than double the energy density of traditional batteries at lower costs and can charge to near full capacity in a matter of minutes. Solid state also increases the lifespan of the batteries and reduces capacity fade or the tendency for batteries to lose capacity over time. Another bonus is combustibility. While traditional batteries are prone to combustion, the solid-state separator is neither flammable nor combustible. 

The company began shipping its 24-layer lithium-metal battery prototypes to OEMs in late 2022. The company believes the technology is suitable for various applications, including EVs and consumer electronics. At the time, there was still substantial work to be done before the widespread use of the batteries could begin, but the news marked a major milestone that could accelerate the advancement of the technology. 

According to the company's CEO, Singh, the "E" in ESG has always been central to the company's strategy. The mission should accelerate the shift to electrification and greener technologies by improving battery technology. Once perfected, this technology could be used across the consumer and industrial landscape, providing increased range and reducing the need for backup, carbon-based power sources. 

Written by Jeffrey Neal Johnson

Key Stats

• Today's Range: $4.88 to $5.17
• 50-Day Range: $4.73 to $6.50
• 52-Week Range: $4.65 to $10.03
• Volume: 9.66 million shs
• Average Volume: 14.79 million shs
• Market Capitalization: $2.60 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $6.26
• Consensus Rating: Reduce

QuantumScape Stock Analysis - MarketRank™

QuantumScape scored higher than 21% of companies evaluated by MarketBeat, and ranked 67th out of 88 stocks in the auto/tires/trucks sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.9 / 5
• Analyst Rating: Reduce

Consensus Rating

QuantumScape has received a consensus rating of Reduce. The company's average rating score is 1.86, and is based on no buy ratings, 6 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

QuantumScape has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for QuantumScape are expected to grow in the coming year, from ($0.97) to ($0.88) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of QuantumScape is -5.34, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of QuantumScape is -5.34, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

QuantumScape has a P/B Ratio of 1.87. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

12.10% of the outstanding shares of QuantumScape have been sold short.

Short Interest Ratio / Days to Cover

QuantumScape has a short interest ratio ("days to cover") of 8.5.

Change versus previous month

Short interest in QuantumScape has recently increased by 10.33%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

QuantumScape does not currently pay a dividend.

Dividend Growth

QuantumScape does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

12.10% of the outstanding shares of QuantumScape have been sold short.

Short Interest Ratio / Days to Cover

QuantumScape has a short interest ratio ("days to cover") of 8.5.

Change versus previous month

Short interest in QuantumScape has recently increased by 10.33%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 0.61

News Sentiment

QuantumScape has a news sentiment score of 0.61. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Auto/Tires/Trucks companies.

News Coverage This Week

MarketBeat has tracked 21 news articles for QuantumScape this week, compared to 9 articles on an average week.

Search Interest

44 people have searched for QS on MarketBeat in the last 30 days. This is an increase of 47% compared to the previous 30 days.

MarketBeat Follows

99 people have added QuantumScape to their MarketBeat watchlist in the last 30 days. This is an increase of 241% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, QuantumScape insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,148,984.00 in company stock.

Percentage Held by Insiders

12.03% of the stock of QuantumScape is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 29.87% of the stock of QuantumScape is held by institutions.

QS Stock Analysis - Frequently Asked Questions

How have QS shares performed this year?

QuantumScape's stock was trading at $6.95 at the beginning of the year. Since then, QS shares have decreased by 27.1% and is now trading at $5.07.
View the best growth stocks for 2024 here.

How were QuantumScape's earnings last quarter?

QuantumScape Co. (NYSE:QS) issued its quarterly earnings data on Wednesday, October, 23rd. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.21) by $0.02.

Who are QuantumScape's major shareholders?

QuantumScape's top institutional investors include State Street Corp (1.15%), Geode Capital Management LLC (1.14%), Baillie Gifford & Co. (0.46%) and Charles Schwab Investment Management Inc. (0.43%). Insiders that own company stock include Jagdeep Singh, Mohit Singh, Michael O Mccarthy III, Timothy Holme, Kevin Hettrich, Jeffrey B Straubel, Fritz Prinz, Jurgen Leohold, Gena C Lovett and Justin E Mirro.
View institutional ownership trends.

How do I buy shares of QuantumScape?

Shares of QS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of QuantumScape own?

Based on aggregate information from My MarketBeat watchlists, some other companies that QuantumScape investors own include Symbotic (SYM), JPMorgan Nasdaq Equity Premium Income ETF (JEPQ), Enovix (ENVX), Zomedica (ZOM), Luminar Technologies (LAZR), COMPASS Pathways (CMPS) and Ginkgo Bioworks (DNA).

Company Calendar

• Last Earnings: 10/23/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/12/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Auto/Tires/Trucks
• Industry: Miscellaneous electrical machinery, equipment, & supplies
• Sub-Industry: Electrical Equipment
• Current Symbol: NYSE:QS
• CUSIP: N/A
• CIK: 1811414
• Web: www.quantumscape.com
• Phone: 408-452-2000
• Fax: N/A
• Employees: 850
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $6.26
• High Stock Price Target: $8.00
• Low Stock Price Target: $5.00
• Potential Upside/Downside: +23.5%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.86
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.95)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-445,140,000.00
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: -39.00%
• Return on Assets: -33.83%

Debt

• Debt-to-Equity Ratio: 0.03
• Current Ratio: 14.07
• Quick Ratio: 14.07

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $2.71 per share
• Price / Book: 1.87

Miscellaneous

• Outstanding Shares: 512,471,000
• Free Float: 450,821,000
• Market Cap: $2.60 billion
• Optionable: Optionable
• Beta: 4.60