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Down 96% From Its High, Is QuantumScape a Bargain Stock Right Now?
QSQuantumScape(QS) The Motley Fool·2024-07-11 10:21

Electric vehicle battery technology company QuantumScape (QS 2.08%) is trading for a small fraction of its all-time high of more than 130.SowhileitscompletelyaccuratetosaythatQuantumScapeis96130. So while it's completely accurate to say that QuantumScape is 96% below its high, I'm not saying that sort of share price was justified or will happen again anytime soon. After all, at one point QuantumScape had a market cap of about 50 billion with no revenue and years until it would possibly produce any. Where QuantumScape stands today Specifically, QuantumScape is d ...