QS · NASDAQ · STOCK
QuantumScape (QS) Stock Analysis
$4.58
52W $4.40 – $19.07
57/100
$2.82B
-6.8
2.84
⚠
Buy rating, but near-term risk/reward is unfavorable
The long-term recommendation is based on the composite investment score. The near-term risk/reward is based on nearby support and resistance levels. These can differ when a strong company trades close to resistance with support further below.
Is QS Bullish or Bearish?
Bullish.
Innellis AI committee rates QuantumScape Corporation (QS) Buy with a composite score of 57/100
, based on 6 analysts with 83% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +18.46 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -1.54 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Macro Analyst sees a compelling case. Portfolio Manager remains cautious — sector concentration is already high (hhi 2796.97). This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- 4 consecutive earnings beats -- consistent execution — Growth
- MACD histogram positive -- bullish momentum — Technical
- Weekly trend (downtrend) confirms the daily trend -- multi-timeframe agreement — Technical
- Low leverage (debt-to-equity 0.03) -- balance sheet can absorb a shock — Risk
Bear Case
- Price-to-book of 5.4x prices in significant intangible value — Value
- ROE of only -35.7% -- cheap may mean cheap for a reason — Value
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- Price structure making lower highs and lower lows — Technical
- Trend and market structure agree -- coherent bearish picture — Technical
- Bollinger bandwidth of 19.8% signals elevated volatility — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 10, 2026
Overall Committee Score
57/100
Agreement
83%
Analysts
6
Conviction
High
Sector Rank
Top 46%
of 178 Consumer Cyclical peers
Value Analyst
neutral
43
/ 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
− Price-to-book of 5.4x prices in significant intangible value
Growth Analyst
neutral
58
/ 100 · Moderate confidence
Moderate growth -- present but not remarkable
+ 4 consecutive earnings beats -- consistent execution
− Growth rate is decelerating quarter over quarter -- the trend line matters more than the level
Technical Analyst
neutral
56
/ 100 · High confidence
Mixed or range-bound price action
+ MACD histogram positive -- bullish momentum
− Price structure making lower highs and lower lows
Risk Analyst
neutral
58
/ 100 · Moderate confidence
Moderate risk -- no single red flag, but nothing that clearly de-risks the position either
+ Low leverage (debt-to-equity 0.03) -- balance sheet can absorb a shock
− Bollinger bandwidth of 19.8% signals elevated volatility
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
neutral
60
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 57.9 to 56.5.
- Conviction changed from moderate to high.
- Committee agreement increased notably from 67% to 83%.
- New bearish signals: 1 appeared.
- Bullish support removed: 1 signal(s) disappeared.
- Bearish pressure eased: 1 signal(s) disappeared.
- Analyst(s) changed stance: News Analyst.
Analyst-level changes:
- News Analyst: stance bullish->neutral; score 68->60 (-8).
- Risk Analyst: +1 bearish signal(s).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
36.1
Neutral
MACD Histogram
0.010
Bullish Momentum
Trend Direction
Downtrend
Weekly: Downtrend
Market Structure
Lh Ll
Support
$3.40
Resistance
$4.83
Bollinger %B
0.26
Inside Bands
Price vs Moving Averages
EMA 9
$4.64
Below
EMA 21
$4.84
Below
EMA 50
$5.30
Below
EMA 200
$6.91
Below
Fundamental Analysis
Valuation
94
Growth
64
Profitability
0
Financial Health
100
Cash Flow
15
Valuation
P/E Ratio
-6.8×
P/B Ratio
2.68×
PEG Ratio
-0.25
Dividend Yield
0.00%
52W High
$19.07
52W Low
$4.40
Quality & Growth
ROE
-3721.6%
ROA
-3325.7%
Gross Margin
0.0%
Operating Margin
0.0%
Revenue Growth YoY
—
Debt / Equity
0.06
AI Fundamental Assessment
P/E ratio of -6.8 (inexpensive relative to a 15-40x range); Price-to-book of 2.7x; PEG ratio of -0.2 (under 1.0 suggests growth is undervalued relative to price); Return on equity of -37.2%; Return on assets of -33.3%; Net margin of 0.0%; Gross margin of 0.0%; Current ratio of 18.42 (healthy short-term liquidity); Debt-to-equity of 0.06; Free cash flow per share is negative (-0.44); Most recent quarter beat estimates by 13.7%; 4 consecutive earnings beats; EPS growth decelerating (+5.9% -> +0.0% QoQ); Analyst estimates falling over recent quarters
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