Shares of QuantumScape Corp (QS) fell to a 52-week low of $4.76 on Thursday, putting the solid-state lithium-metal battery developer just a fraction above its previous trough of $4.77. At the time of reporting, the stock was trading at $4.78.
The drop extends a brutal year for the company’s equity, which has shed 61.68% of its value over the past twelve months. QuantumScape’s market capitalization now stands at approximately $3.04 billion.
The stock’s beta of 2.69 — nearly three times that of the broader market — underscores its outsized volatility relative to average equities.
On the fundamentals front, QuantumScape reported an adjusted EBITDA loss of $64.2 million for the second quarter of 2026, a figure in line with analyst expectations. The company did not provide specific earnings-per-share or revenue figures for the period. Prior to the report, analysts anticipated a loss of $0.1769 per share, with no consensus revenue estimate available.
In its quarterly commentary, QuantumScape highlighted progress in customer billings, battery development, and pilot production as it continues moving toward commercialization of its solid-state technology for electric vehicles.
Despite the weak share performance, QuantumScape was listed by InvestingPro as undervalued relative to its estimated fair value on the firm’s "Most Undervalued" screen.
