The price of Quantum-Si incorporated (NASDAQ:QSI) shares last traded on Wall Street rose 8.86% to $2.58.
Based on available information, 1 analysts follow Quantum-Si incorporated (NASDAQ:QSI). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $4.00 and a low of $4.00, we find $4.00. Given the previous closing price of $2.37, this indicates a potential upside of 68.78 percent. QSI stock price is now 57.62% away from the 50-day moving average and 25.12% away from the 200-day moving average. The market capitalization of the company currently stands at $350.75M.
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Among analysts, 0 rate the stock a hold while 1 rate it a buy. Brokers who have rated the stock have averaged $4.00 as their price target over the next twelve months.
With the price target of $13, Canaccord Genuity recently initiated with Buy rating for Quantum-Si incorporated (NASDAQ: QSI).
In other news, LaPointe Christian, General Counsel & Corp. Secr. bought 20,000 shares of the company’s stock on Mar 15. The stock was bought for $35,400 at an average price of $1.77. Upon completion of the transaction, the General Counsel & Corp. Secr. now directly owns 247,693 shares in the company, valued at $0.64 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 15, Director RAKIN KEVIN sold 89,000 shares of the business’s stock. A total of $191,234 was realized by selling the stock at an average price of $2.15. This leaves the insider owning 1,801,000 shares of the company worth $4.65 million. Insiders disposed of 690,000 shares of company stock worth roughly $1.78 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in QSI stock. A new stake in Quantum-Si incorporated shares was purchased by BRIDGEWAY CAPITAL MANAGEMENT, LLC during the first quarter worth $791,000. JANE STREET GROUP, LLC invested $338,000 in shares of QSI during the first quarter. In the first quarter, POINT72 ASSET MANAGEMENT, L.P. acquired a new stake in Quantum-Si incorporated valued at approximately $79,000. CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. acquired a new stake in QSI for approximately $62,000. Y-INTERCEPT (HONG KONG) LTD purchased a new stake in QSI valued at around $53,000 in the second quarter. In total, there are 141 active investors with 40.00% ownership of the company’s stock.
A candlestick chart of Quantum-Si incorporated (NASDAQ: QSI) showed a price of $2.4300 on Thursday morning. During the past 12 months, Quantum-Si incorporated has had a low of $1.36 and a high of $4.43. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 32.70, and a quick ratio of 32.50. The fifty day moving average price for QSI is $1.6592 and a two-hundred day moving average price translates $2.0616 for the stock.
The latest earnings results from Quantum-Si incorporated (NASDAQ: QSI) was released for Mar, 2023. According to the Biotechnology Company, earnings per share came in at -$0.17, beating analysts’ expectations of -$0.19 by 0.02. This compares to -$0.25 EPS in the same period last year. For the current quarter, analysts expect QSI to generate $400k in revenue.
Quantum-Si incorporated(QSI) Company Profile
Quantum-Si incorporated, a life sciences company, engages in the development of protein detection platform to enable Next Generation Protein Sequencing (NGPS). The company’s platform is comprised of the Carbon automated sample preparation instrument; the Platinum single-molecule detection and NGPS instrument with Time-Domain Sequencing chip; the Quantum-Si Cloud data analysis software; and reagent kits for use with its instruments. The company was founded in 2013 is based in Guilford, Connecticut.
