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However, QS shares have declined 11.5% in price over the past month and 76% over the past year. In addition, the stock is trading 84.8% below its 52-week high of $132.73, indicating short-term bearishness.
Although QS has made decent progress in developing its battery technology, it is still in the research phase and does not have any products for commercial sale. In addition, strong competition in the solid-state lithium battery technology industry and uncertainty surrounding its production horizon could make investors nervous.
