Down 20% Over The Last Month, Is It Time To Buy QuantumScape Stock?

Down 20% Over The Last Month, Is It Time To Buy QuantumScape Stock?

QuantumScape (NYSE: QS), a startup that is working on solid-state lithium metal batteries for electric vehicles, has seen its stock price decline by close to 9% over the last week (five trading days) and remains down by about 19% over the last month (21 trading days). Although there wasn't much news specific to the company, the selloff comes on the back of a broader sell-off in the EV space over the past week and a pivot away from futuristic stocks with the U. S. Federal Reserve turning increasingly hawkish. QuantumScape, which is likely at least three years away from generating meaningful revenues, has been especially volatile. So will the declines continue for the company, or is a rally looking more likely? Per data from the Trefis Machine learning engine, which analyzes historical price information, QuantumScape stock has a 52% chance of a rise after declining by about 19% over the last month. See our analysis on QuantumScape Stock Chances Of Rise for more details. So what's the longer-term outlook like for QuantumScape? The company claims that its batteries could increase the range of EVs by as much as 50%, reduce charging times to under 15 minutes, and also make EVs