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Stop! Don’t Chase QS Stock After its Recent Rally.

A hand holds a phone and the screen shows the QuantumScape logo

Shares in Quantumscape (NYSE:QS) may have been hit hard by the 2022 stock market downturn, but so far in 2023, QS stock has been on a tear, soaring more than 33.5% since the first trading day of the year.

So, is this the start of a comeback for this electric vehicle battery technology play? Not so fast. More likely than not, the QS rally is a temporary spike, caused by factors not directly related to the prospects of the company’s underlying business.

There’s a strong chance that . . .

Written by biedex markets