Stock market today: S&P 500 closer lower on fresh economic concerns
QuantumScape Corporation (QS) stock has hit a 52-week low, dropping to $4.65, as the company faces a turbulent market environment. With a beta of 4.45, the stock shows significantly higher volatility than the broader market. This latest price level reflects a significant downturn from its previous positions, marking a challenging period for the solid-state battery developer. According to InvestingPro data, the company’s financial health score is currently rated as WEAK. Over the past year, the stock has experienced a notable decline, with a total return of -22.95%. While analyst price targets range from $4 to $8, the company maintains strong liquidity with a current ratio of 14.21 and holds more cash than debt on its balance sheet. This downturn highlights the volatility and investor concerns surrounding the company’s progress and the broader market’s appetite for risk in the technology and energy sectors. For deeper insights into QS’s financial health and 10+ additional exclusive ProTips, check out the comprehensive research report available on InvestingPro.
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