QuantumScape Corporation, traded under the symbol QS, is a publicly-traded company with a market capitalization of 5.16 billion USD as of 3 February 2023. The company has seen recent changes in its market cap with the most significant change being from 4.23 billion USD on 2 February 2023 to 4.02 billion USD on 3 February 2023, a decrease of more than 400 million USD or 8.6%. This decrease follows an earlier decrease from 381 million USD on 1 February 2023 to 423 million USD on 2 February 2023 and indicates that investors have become increasingly uncertain about the company’s financial performance.
The company’s share price also reflects this sentiment; QuantumScape’s share price has decreased by 7% over the past year and is currently sitting at 11.84, 34% higher than its 50-day average of 7.228 and 27% higher than its 200-day average of 9.4045. In addition, the company’s earnings per share (EPS) stands at -0.548, indicating that it is yet to break even since its public listing in 2021.
To conclude, while QuantumScape’s stock price has increased significantly over the past year and its market capitalization remains relatively high, investors remain uncertain about the company’s financial prospects due to its negative earnings figures and falling market cap over recent weeks.
