QuantumScape Stock Remains Overvalued Despite Morgan Stanley Downgrade. QuantumScape (NYSE:QS) has the potential to lead the electric vehicle (EV) revolution due to its solid-state battery technology. That potential has fueled a 87% gain in the QS stock price over the last 12 months.
Is QuantumScape stock a good buy?
The stock is trading 72% below its high price this year, offering an attractive entry point for long-term investors. Notably, QuantumScape stock entails significant risks and is suitable only for investors with a high appetite for risk.
Why did QuantumScape stock drop so much?
What happened. The stock of QuantumScape ( QS -0.13% ) crashed 23% in December, according to data provided by S&P Global Market Intelligence. Shares of the electric-vehicle (EV) battery start-up were roaring until mid-November when valuation and macroeconomic concerns put the brakes on the rally.
Is QuantumScape a generating revenue?
QuantumScape has no revenue yet, but it expects to generate $14 million of revenue in FY 2024 and then explode this growth to a massive $6.4 billion of revenue in FY 2028.
Is QuantumScape backed by Bill Gates?
QantumScape was founded in 2010 by Singh and backed early by Microsoft founder Bill Gates and auto giant Volkswagen. Both continue to be investors in QuantumScape.
What do analysts say about QuantumScape?
The 6 analysts offering 12-month price forecasts for Quantumscape Corp have a median target of 23.50, with a high estimate of 30.00 and a low estimate of 18.00. The median estimate represents a +48.92% increase from the last price of 15.78.
Why is QuantumScape being sued?
According to the subsequently filed securities class action complaint, in a series of statements in late 2020 and early 2021, QuantumScape made a number of representations about its batteries’ capabilities, the results of various tests of its batteries, and about the extent to which its batteries addressed the long-
Is QuantumScape in an ETF?
QuantumScape is a development stage company.
QS Description — QuantumScape Corp.
| Company Name: | QuantumScape Corp |
|---|---|
| Number of ETFs Holding QS: | 29 |
| Total Market Value Held by ETFs: | $305,581,942.58 |
| Total Market Capitalization: | $5,006,000,000 |
| % of Market Cap. Held by ETFs: | 6.10% |
What is QuantumScape?
Quantumscape achieves solid-state batteries that can fast charge in 15 minutes through 400 consecutive cycles. Scooter Doll. @SCOOTERDOLL. QuantumScape ($QS) is a solid-state battery manufacturer founded in 2010 with the goal of developing scalable, effective solid-state batteries.
Is QuantumScape being shorted?
What is QuantumScape’s current short interest? Short interest is the volume of QuantumScape shares that have been sold short but have not yet been covered or closed out. As of December 31st, traders have sold 34,710,000 shares of QS short. 16.25% of QuantumScape’s shares are currently sold short.
Is QuantumScape technology real?
QuantumScape, a startup developing solid-state lithium-ion batteries for electric vehicles, went public last November, after completing a merger with a special purpose acquisition company.
Who are the major investors in QuantumScape?
Top 10 Owners of Quantumscape Corp
| Stockholder | Stake | Total value ($) |
|---|---|---|
| The Vanguard Group, Inc. | 5.08% | 285,530,200 |
| BlackRock Fund Advisors | 2.45% | 137,684,722 |
| Norges Bank Investment Management | 1.93% | 108,485,000 |
| Global X Management Co. LLC | 1.35% | 75,671,926 |
What is the Jesus battery?
QuantumScape’s end game is to use its next-generation, higher energy density solid state quantum lithium-metal battery to increase an EV’s driving range by as much as 50% while being able to juice up in less than 15 minutes.
Who is QuantumScape backed by?
Bill Gates
The company got listed on the New York Stock Exchange as a Special Purpose Acquisition Company (SPAC) on November 27, 2020 and rose exponentially (roughly 283 percent) by the end of the year. The solid-state lithium battery startup has been backed by Bill Gates and Volkswagen.
How much of QuantumScape does VW own?
Volkswagen and QuantumScape have been working together since 2012; prior to a 100-million dollar investment in 2018, VW already held five per cent of QuantumScape.
What is QuantumScape target price?
Stock Price Target QS
| High | $30.00 |
|---|---|
| Median | $23.50 |
| Low | $18.00 |
| Average | $23.83 |
| Current Price | $14.11 |
What is Nio price target?
Stock Price Targets
| High | $556.10 |
|---|---|
| Median | $319.81 |
| Low | $189.33 |
| Average | $330.30 |
| Current Price | $19.88 |
What is the projection for QuantumScape?
QuantumScape stock forecast 2022-2025
In November 2021, JPMorgan boosted its QuantumScape projections from $36 to $40 and Morgan Stanley reiterated the equal weight recommendation. Earlier in 2021, Goldman Sachs initiated coverage giving the QS stock prediction of $42 and a neutral rating.
What does quantum space company do?
QuantumScape is an American company that does research about solid state lithium metal batteries for electric cars. The company is headquartered in San Jose, California and employs around 400 people.
Is lithium a good investment 2022?
Benchmark Mineral Intelligence, a lithium-focused research firm, expects a deficit of lithium in 2022. And IHS Markit, another research provider, expects the market to more than double between 2021 and 2025. However, the lithium industry is inherently cyclical and subject to boom and bust cycles.
Is there a lithium ETF?
The Lithium & Battery Tech ETF is an index fund that’s designed to track the performance of the Solactive Global Lithium Index, which consists of stocks involved in the full lithium cycle, from mining and refining the metal through battery production.
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