(VIANEWS) – Quantumscape stock (NYSE:QS), is gradually deteriorating. It has fallen by over 18% within the last month. In June, some predicted that QS stock would continue to fall due to its flawed business model. The electric vehicle battery manufacturer (EVBattery Maker) is essentially a research company with an unproven product, which won’t make it for three years.
InvestorPlace highlighted the fact that, despite Volkwagen (OTCMKTS :VWAGY being its primary corporate sponsor and likely client), it is not certain that Quantumscape will be able to develop solid-state batteries for mass production. The company has claimed to be closer to its goals with the release of its second quarter earnings and a letter to shareholders.
Shares of QuantumScape (QS) dropped 5.33% to $21.85 at 11:44 EST on Tuesday, following the last session’s upward trend. NYSE Composite is jumping 0.17% to $16,604.25, after two consecutive sessions in a row of losses. This seems, up to now, a somewhat bullish trend exchanging session today.
QuantumScape’s last close was $28.96, 78.18% under its 52-week high of $132.73.
Today’s last reported volume for QuantumScape is 6296942 which is 43.27% below its average volume of 11099201.
QuantumScape’s Stock Yearly Top and Bottom Value
QuantumScape’s stock is valued at $21.85 at 11:44 EST, way under its 52-week high of $132.73 and way above its 52-week low of $9.74.
QuantumScape’s Moving Average
QuantumScape’s value is way below its 50-day moving average of $27.56 and way below its 200-day moving average of $43.75.
More news about QuantumScape (QS).