Shares of Solid-State battery developer Quantumscape Corp QS Jump sharply on Tuesday in a session characterized by heavy trade volume but a lack of fresh company -specific news. The upward momentum of the share seems to be a delayed reaction to an important production announcement from the end of June.
What to know: Investors seem to continue to gather behind the late June-affectionmaking of the company of the successful integration of his advanced Cobra-Suparator process in his baseline cell production.
This production of production is a crucial step for the battery developer of fixed condition as it progresses in the direction of large -scale commercialization of its innovative battery technology.
The COBRA process is a jump forward, designed to enable faster and energy-efficient production of the company’s own ceramic separators, a core component of its lithium metal batteries.
According to Quantumscape, the new process has a 25 -fold improvement in the speed of heat treatment compared to the “Raptor” process of the earlier generation.
Dr. Siva SivaramCEO of Quantumscape, emphasized the importance of the development and stated: “By considerably improving the transit and reducing the footprint of the equipment, Cobra gives us a powerful path forward for commercializing our next generation of battery technology.”
This jump in production efficiency is probably seen by investors as a crucial step in the direction of a scalable gigafactory production line.
Trade volume data: According to data from PetrolQuantumscape experienced an exceptionally high trade volume on Tuesday, with 72.36 million shares that change ownership. This is more than three and a half times its 100-day average volume of 20.386 million shares.
Moreover, the share has a considerable short interest, with 15.45% of its 442,245 million share on the clouds that is currently being sold briefly.
QS Price promotion: Quantumscape -shares closed on Tuesday 16.69% to $ 8.18. The share has a highest point of 52 weeks of $ 9.52 and a lowest point in 52 weeks of $ 3.40.
The latter peak is part of a larger upward trend, with the shares that climb more than 25% in the last five days and an impressive 88% in the past month.
Also read: Quantumscape supply rises after the bell: what feeds the movement?
In addition to going to a brokerage platform to buy a share – or fractional share – of shares, you can also gain access to shares, either by buying an Exchange Traded Fund (ETF) that holds the share itself, or by assigning you to a strategy in your 401 (K) who would like to attract shares in an investment fund or other.
Quantumscape is, for example, in the discretionary sector of the consumer. An ETF will probably have shares in many liquid and large companies that help follow that sector, so that an investor can be exposed to the trends within that segment.
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