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QuantumScape Reports Third Quarter 2024 Business and Financial Results
Business Wire (Wed, 23-Oct 4:15 PM ET)
QuantumScape Announces Timing of Third Quarter 2024 Business Results and Webcast
Business Wire (Wed, 9-Oct 4:45 PM ET)
QuantumScape Corp is engaged in the development of next-generation solid-state lithium-metal batteries for use in electric vehicles. It developed an anode-less cell design, which delivers high energy density while lowering material costs and simplifying manufacturing.
Quantumscape Class A trades on the NYSE stock market under the symbol QS.
As of November 25, 2024, QS stock price climbed to $5.51 with 7,541,147 million shares trading.
QS has a beta of 1.15, meaning it tends to be more sensitive to market movements. QS has a correlation of 0.03 to the broad based SPY ETF.
QS has a market cap of $2.82 billion. This is considered a Mid Cap stock.
In the last 3 years, QS traded as high as $34.60 and as low as $4.65.
The top ETF exchange traded funds that QS belongs to (by Net Assets): VTI, VB, VXF, VBK, SCHA.
QS has underperformed the market in the last year with a return of -2.3%, while the SPY ETF gained +33.0%. In the last 3 month period, QS fell short of the market, returning -5.3%, while SPY returned +7.8%. However, in the most recent 2 weeks QS has outperformed the stock market by returning +9.8%, while SPY returned 0.0%.
QS support price is $4.98 and resistance is $5.34 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that QS shares will trade within this expected range on the day.