Where Will QuantumScape Stock Be in 1 Year?
QuantumScape (NYSE: QS), a developer of solid-state lithium metal batteries, is a difficult stock to value because it hasn't commercialized any of its products yet. It isn't generating any meaningful revenue, it's racking up steep losses, yet it still has a market cap of $6.1 billion.
QuantumScape might seem like a risky stock to hold in this volatile market, but it rallied about 25% over the past 12 months and is hovering near its 52-week high. Let's see why this speculative stock keeps rising -- and if it can climb even higher over the next 12 months.
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Source Fool.com
