Quantumscape Corporation Intrinsic Stock Value – QuantumScape Soars After Impressive Volkswagen Battery Test Results
January 5, 2024
☀️Trending News
QUANTUMSCAPE ($NYSE:QS): QuantumScape Corporation has seen remarkable success recently, with its stock price soaring after a successful battery test at Volkswagen. Their battery technology is designed to increase the range of electric vehicles while cutting down on charging times. The Volkswagen test was held to measure the durability of QuantumScape’s all-solid-state battery. This is a major milestone as it proves that the battery can meet the needs of electric vehicles over their entire lifespan.
This impressive performance has caught the attention of investors, causing the stock price of QuantumScape to soar. With such promising results from an industry leading automaker, it looks as though QuantumScape may have a bright future ahead of them. As electric vehicles become more commonplace, solid-state batteries will become increasingly important to power them and QuantumScape looks ready to take on that challenge.
Price History
On Thursday, QUANTUMSCAPE CORPORATION stock opened at $7.2 and closed at a remarkable $9.3, soaring an impressive 43.1% from its prior closing price of $6.5. This surge of stock prices was the result of the company receiving positive news that its battery technology had passed vigorous testing conducted by Volkswagen Group, an industry leader in automobiles. QuantumScape’s batteries are designed to be smaller in size and have greater energy density than traditional batteries, making them highly attractive to automakers. The successful test results bode well for the company’s future prospects and have instilled confidence in investors, pushing their stock prices to unprecedented heights. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Quantumscape Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 0 | -440.85 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Quantumscape Corporation. More…
| Operations | Investing | Financing |
| -245.47 | -100.69 | 299.54 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Quantumscape Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.57k | 152.75 | 2.88 |
Key Ratios Snapshot
Some of the financial key ratios for Quantumscape Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.0% | – | – |
| FCF Margin | ROE | ROA |
| – | -21.1% | -17.5% |
Analysis – Quantumscape Corporation Intrinsic Stock Value
At GoodWhale, we recently conducted an analysis of QUANTUMSCAPE CORPORATION‘s wellbeing. We believe that the fair value of QUANTUMSCAPE CORPORATION share is around $13.3, based on our proprietary Valuation Line. However, right now the stock is being traded at only $9.3, which is undervalued by a whopping 29.9%. This presents a unique opportunity for investors to purchase QUANTUMSCAPE CORPORATION stock and potentially see a significant return on their investment in the near future. More…
Peers
Its main competitors are Tesla Inc, Fisker Inc, Rivian Automotive Inc. All three companies are leaders in the development and production of electric vehicles.
– Tesla Inc ($NASDAQ:TSLA)
Tesla’s market capitalization is $709.36 billion as of 2022. The company’s return on equity is 20.66%. Tesla is an American electric vehicle and clean energy company based in Palo Alto, California. Tesla’s mission is to accelerate the world’s transition to sustainable energy. The company designs, manufactures, and sells electric vehicles, solar energy systems, and battery products.
– Fisker Inc ($NYSE:FSR)
Fisker is an American automaker founded in 2007. The company produces electric vehicles and plug-in hybrid electric vehicles. As of 2022, the company has a market capitalization of 2.34 billion dollars and a return on equity of -44.42%. The company’s primary focus is on luxury automobiles, and it has thus far only released one model of car, the Karma. Despite its small size, the company has attracted a great deal of attention and investment, most notably from the Chinese company Wanxiang Group.
– Rivian Automotive Inc ($NASDAQ:RIVN)
Rivian Automotive Inc is an electric vehicle manufacturer. The company has a market capitalization of 31.6 billion as of 2022 and a return on equity of -24.65%. Rivian is focused on designing and manufacturing electric vehicles. The company was founded in 2009 and is headquartered in Plymouth, Michigan.
Summary
QuantumScape Corporation (NYSE: QS) is a battery technology company that aims to revolutionize the electric vehicle (EV) industry. The company’s solid-state battery technology promises longer-lasting, faster-charging, and safer batteries for EVs. Recently, QuantumScape received a major boost when Volkswagen (VW) announced the results of testing a prototype solid-state battery built by QuantumScape. VW and QuantumScape have also agreed to collaborate on the development of an EV battery for mass production.
This news drove QuantumScape’s stock up significantly, as investors were encouraged by the potential of the company’s technology. With companies like VW looking to invest in QuantumScape’s technology, it looks like the company could be on the cusp of transforming the EV industry.
