The managing director of Morgan Stanley, Adam Jonas recently put a target price of $70 for QS.
-QS has a game-changing solid-state cell technology for EV batteries.
-Their patented ceramic separator gives a higher energy density while keeping the costs low.
-Battery safety and charging speed are also looking strong.
-It is pretty clear that it has developed a descending triangle after a run-up that stands bullish. During our analysis, we have found that at the current price the volume is higher than usual and it looks like QS broke-passed the descending triangle which again, looks bullish.
Our Trading Recommendation:
-Keeping in mind that they still don't have sales and a fully developed product, and based on their statement they will plan to build a production factory only by 2024 if their batteries will be successful.
-Options trading would be risky at this point as it looks like QS has a long way to go to be profitable and have an actual product on-hand. Options won't offer you that much time.
In the Long-term, we feel bullish about this stock. We see the current price as a good entry and would suggest keeping it for at least a year.
-QS has a game-changing solid-state cell technology for EV batteries.
-Their patented ceramic separator gives a higher energy density while keeping the costs low.
-Battery safety and charging speed are also looking strong.
-It is pretty clear that it has developed a descending triangle after a run-up that stands bullish. During our analysis, we have found that at the current price the volume is higher than usual and it looks like QS broke-passed the descending triangle which again, looks bullish.
Our Trading Recommendation:
-Keeping in mind that they still don't have sales and a fully developed product, and based on their statement they will plan to build a production factory only by 2024 if their batteries will be successful.
-Options trading would be risky at this point as it looks like QS has a long way to go to be profitable and have an actual product on-hand. Options won't offer you that much time.
In the Long-term, we feel bullish about this stock. We see the current price as a good entry and would suggest keeping it for at least a year.