|Bid||6.82 x 2900|
|Ask||6.95 x 4000|
|Day's range||6.18 - 6.84|
|52-week range||4.99 - 13.86|
|Beta (5Y monthly)||5.22|
|PE ratio (TTM)||N/A|
|Earnings date||13 Feb 2024 - 19 Feb 2024|
|Forward dividend & yield||N/A (N/A)|
|1y target est||6.28|
The stock market is starting December on a bullish note, and so is the stock of electric vehicle (EV) battery maker QuantumScape (NYSE: QS). QuantumScape reported its third-quarter results on Oct. 25. When the window for insiders reopened after that announcement, there has been a flood of selling by QuantumScape officers between Nov. 8 and Nov. 29.
Investors hope a safer battery with longer range will spur massive new interest in owning an electric vehicle.
Stocks have enjoyed a nice rally in November, and Wall Street looked poised to see the good times continue on Wednesday morning. With investors having largely concluded that the Federal Reserve is likely to cut interest rates next year rather than raise them, some believe that a renewed bull market is now inevitable. Gains in major market benchmarks this year have largely come from some of the most massive tech companies in the world.