QuantumScape ( (QS) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
QuantumScape’s stock has surged as a result of advancements in solid-state battery technology and a growing interest in electric vehicle stocks. Recent partnerships with Murata Manufacturing and Corning to improve battery production have further boosted investor confidence. Despite this, analysts are cautious due to concerns about the stock’s valuation after its significant rise, maintaining a Hold consensus.
More about QuantumScape
YTD Price Performance: 204.69%
Average Trading Volume: 46,843,884
Technical Sentiment Signal: Buy
Current Market Cap: $9.62B
For further insights into QS stock on TipRanks’ Stock Analysis page.
See more of today’s top stock gainers and losers.