QuantumScape (QS) Stock Hits New 52-Week High: What's Going On?
benzinga📝 Article Content
Zinger Key PointsShares of QuantumScape are trading higher Tuesday, adding to recent gains.The stock is seeing increased attention following recent manufacturing breakthroughs and strategic cost-cutting measures.PPI and Industrial Production drop Wednesday morning — see how Matt Maley is trading the reaction, live at 6 PM ET.Shares of solid-state battery developerQuantumScape CorpQSare trading higher Tuesday, hitting a new 52-week high, as investors react to a combination of manufacturing breakthroughs and recent strategic cost-saving measures.What To Know:The stock's upward momentum builds on alate-June announcementdetailing the successful integration of its advanced “Cobra” separator process.This milestone is a critical step toward commercialization, enabling a 25-fold improvement in production speed for the company's proprietary ceramic separators. CEOSiva Sivaramhighlighted the development as a "powerful path forward" for scaling its battery technology.Adding to the positive sentiment, QuantumScapeannouncedlast week it is terminating a large facility lease in San Jose, effective Aug. 1. This move aligns with its focus on technology licensing and is expected to save approximately $18.7 million in future lease payments, offset by a one-time termination cost of $2.3 million. The decision streamlines the company's operational footprint as it progresses toward its goals.Investors are now looking ahead to QuantumScape’s second-quarter 2025financial resultsand conference call, scheduled for after the market close on July 23, which should provide further updates on the company’s progress. According toanalyst consensus estimates, QuantumScape is expected to report an EPS loss of 25 cents.Benzinga Edge Rankings:According toBenzinga Edgestock rankings, QuantumScape exhibits extremely strong momentum, earning a high score of 91.38. This rating suggests the stock has seen significant positive price movement and has been outperforming the broader market recently.The platform does not currently provide a score for the stock’s Value, Growth or Quality. This is common for development-stage companies like QuantumScape that do not yet have the consistent revenue or profitability metrics typically used to calculate these specific ratings.Price Action:According to data fromBenzinga Pro, QuantumScape shares are trading higher by 8.46% to $10.90 on Tuesday. The stock has a 52-week high of $11.15 reached on Tuesday morning, and a 52-week low of $3.40.Read Also:QuantumScape Achieves Major Milestone: Cobra Separator Process Enters Baseline ProductionTrending Investment OpportunitiesAdvertisementArrivedBuy shares of homes and vacation rentals for as little as $100.Get StartedWiserAdvisorGet matched with a trusted, local financial advisor for free.Get StartedPoint.comTap into your home's equity to consolidate debt or fund a renovation.Get StartedRobinhoodMove your 401k to Robinhood and get a 3% match on deposits.Get StartedHow To Buy QS StockBesides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.For example, in QuantumScape’s case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.Image: ShutterstockLoading...Loading...QSQuantumScape Corp$11.029.68%Stock Score Locked: Want to See it?Benzinga Rankings give you vital metrics on any stock – anytime.Reveal Full ScoreEdge RankingsMomentum91.38Price TrendShortMediumLongOverviewMarket News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. . .Posted In:Newswhy it's moving