QuantumScape

Ticker: QS

Sector: Auto Components

QuantumScape

QuantumScape Q3 2023: Prototype solid-state tests exceed targets. Solid-state battery developer has updated the public to its progress the last three months. QSE-5 cells are designed to deliver a capacity around 5 amp-hours. QuantumScape shares last traded at $5.37, with a volume of 678,547 shares traded. Goldman Sachs Group lowered their price target on shares of QuantumScapes from $6.00 to $5.00 and set a “sell” rating on the stock. QuantumScape Corporation (QS) scheduled to announce Q3 earnings results on Tuesday, October 24th, after market close. Q2 report showed $25M in capital expenditures and $124M in GAAP operating expenses, with $64M in cash operating expenses. Analysts will be eyeing updates to QuantumScapes ( QS ) B-Sample development. QuantumScape Corp has a Long-Term Technical rank of 13. In the Auto Parts industry, which ranks 91 out of 146 industries, the stock ranks higher than 52% of stocks. The current QuantumScape [ QS ] share price is $5.28.28. The current share price of QS is 5.28 while QuantumScapes 20-day SMA is 6.09, which makes it a Sell. QS stock is rated a Sell technically. Analysts estimate an earnings decrease this quarter of $0.18 per share, a decrease next quarter of$0.00 per share. QuantumScape 200-day simple moving average is 7.81, creating a Sell signal. QS stock price is 5.28 and QS 200 day simple moving. moving average of -0.34 suggesting QS is a Sell. Fool.com contributor Parkev Tatevosian evaluates QuantumScape (NYSE: QS) and its prospects over the next three years to determine whether the stock price could move higher. Shares of electric-vehicle battery start-up QuantumScape are soaring following the companys earnings report. The company announced it shipped its first 24-layer prototype lithium-metal battery cells to automotive OEMs. QuantumScape is a California-based company that develops, manufactures, and supplies solid-state lithium metal batteries for electric vehicle applications.