QS

The Week

QuantumScape (QS) fell 12.45% this week to close at $4.01, lagging the S&P 500 by about 10.5 percentage points. The stock had one clear direction for most of the week: it opened at $4.55 on Monday, softened through Wednesday, bounced from the $3.80 low to $4.29 on Thursday, then gave back part of that move on Friday. The weekly range worked out to a wide 16.48%. Volume averaged 15m shares per day, about 4% above the 60-day median. The latest price sits below both the 20-day moving average at $4.569 and the 60-day line at $5.23.

Key Events

The week’s news clustered around the solid-state battery arms race and the company’s earnings timing. On Tuesday media flagged lithium names and the accelerating rivalries around hydrogen trucks and solid-state batteries, with QS pulled in as one of the sector’s representative plays. The company’s own calendar dominated after that: an earnings alert for Wednesday, inclusion in EV watchlists on Thursday, and renewed after-hours attention on Friday. No product, partnership, or regulatory announcements surfaced during the week, leaving the narrative anchored to sector momentum and earnings expectations.

Analyst Ratings

Ten brokers cover the stock: none rate it buy or overweight, seven rate it hold, two rate it sell, and one has no opinion. The consensus rating is hold, with a consensus target of $5.7875, about 44.33% above the $4.01 close. Targets range from $2.50 to $8.30, a wide spread that shows a lack of conviction. Within the auto parts and equipment industry, QS ranks 14th out of 38 names, sitting in the middle-lower band of the peer group.

The Week Ahead

The main event is the third-quarter 2026 earnings call on Wednesday, 21 October, due after the close. The consensus estimate is a loss of $0.1712 per share with zero revenue. EIA crude inventory data lands the same day. Earlier in the week, NAHB housing, housing starts, and building permits arrive, but the direct read-through for QS is limited. Earnings and the after-market reaction are what to watch.

In Short

The week’s selling took the stock further below its 20-day moving average. The valuation screen is tricky: the price-to-book is 2.37x, while the negative EPS makes a P/E ratio meaningless. Latest-session flow shows large-ticket money narrowly on the buy side and medium-sized money on the sell side, so the capital picture is mixed rather than conclusive. Next week’s report is the natural test of the gap between a consensus target well above spot and a consensus rating stuck at hold.

This article is generated by LongbridgeAI from market data, for information only and not investment advice.