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However, the stock has lost 15% over the past three months and 40% over the past six months. QS’ loss from operations increased 248.8% year-over-year to $49.62 million for the second quarter ended June 30, 2021, while its loss per share came in at $0.12, up 100% year-over-year. According to an SEC filing, the company’s Director Justin Mirro sold 20,000 shares on September 7. Hedge funds look less bullish about the stock lately. Moreover, QS is not expected to begin commercial production until 2024. So, the stock’s near-term prospects look bleak.
Here’s what could influence QS’ performance in the near term:
