Quantumscape

Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on QuantumScape from $10.00 to $8.00 in a research report on Friday.

For QuantumScape, a company with relatively high short interest, such a move may be expected.

Now, let’s get to the billion-dollar question: Is it appropriate to invest in QuantumScape now?

Or at least, it was wrong in the short term, but now I’m prepared to double down on my bearish call as QuantumScape’s future prospects certainly aren’t 41.5% better than they were before the rally.

QS Stock Outlook: Is QuantumScape Set to Shock the Skeptics in 2024?

QuantumScape Co. has a twelve month low of $5.11 and a twelve month high of $22.21.

QuantumScape’s long-term investors have taken a lot of punishment.

That might sound good, but it would have been nice to get an update a month or two later about how QuantumScape’s been spending that capital.

The Goldman Sachs Group decreased their price target on QuantumScape from $6.00 to $5.00 and set a “sell” rating for the company in a research note on Tuesday, October 3rd.

The latest earnings release/updates appear to have been a wash, but don’t assume this means QuantumScape shares will at worst tread water from here in the near-term.

Baillie Gifford & Co. grew its stake in shares of QuantumScape by 10.3% in the 1st quarter.

Carnegie Investment Counsel lessened its holdings in QuantumScape Co. (NYSE:QS - Free Report) by 26.9% during the third quarter, according to its most recent disclosure with the SEC.

However, the lack of revenue is expected since QuantumScape hasn’t sold any batteries yet.

HSBC raised QuantumScape from a “reduce” rating to a “hold” rating and set a $5.30 price target for the company in a report on Tuesday, November 19th.

If it wasn’t for Bill Gates’ involvement in QuantumScape, I never would have paid any attention to the chronic money-loser.

If QuantumScape can only deliver a viable SSB but at an exorbitant cost, it’s not really providing an answer.

In other news, insider Michael O. Mccarthy III sold 22,554 shares of QuantumScape stock in a transaction dated Tuesday, May 21st.

Mather Group LLC. acquired a new position in QuantumScape in the 2nd quarter valued at about $36,000.

Nisa Investment Advisors LLC increased its holdings in shares of QuantumScape by 6,650.0% in the 3rd quarter.

QuantumScape Corporation, a research and development stage company, focuses on the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications.