EV Stock Alert: Quantumscape Corp (QS) Receives Bearish Sentiment Score

EV stock QS is higher by 3.97% Wednesday. Quantumscape Corp (QS) stock is higher by 0.66% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Quantumscape Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on QS!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With QS Stock Today?

Quantumscape Corp (QS) stock is trading at $12.19 as of 9:59 AM on Wednesday, Aug 10, an increase of $0.46, or 3.97% from the previous closing price of $11.73. The stock has traded between $12.12 and $12.50 so far today. Volume today is low. So far 566,459 shares have traded compared to average volume of 5,979,426 shares. To see InvestorsObserver's Sentiment Score for Quantumscape Corp click here.

More About Quantumscape Corp

QuantumScape Corp is engaged in the development of next-generation solid-state lithium-metal batteries for use in electric vehicles. It developed anode-less cell design, which delivers high energy density while lowering material costs and simplifying manufacturing. Click Here to get the full Stock Report for Quantumscape Corp stock.