Quantum-Si (NASDAQ:QSI) Shares Up 0.8% - What's Next?

Quantum-Si Incorporated (NASDAQ:QSI) saw its shares increase by 0.8% during mid-day trading on Friday. The stock reached a high of $2.86 before settling at $2.66. Throughout the trading session, 17,302,156 shares changed hands, reflecting a significant decline of 78% compared to the average volume of 77,913,852 shares. The previous closing price was $2.64.

Recent Analyst Ratings

Quantum-Si has recently attracted attention from various analysts. In a report dated November 21st, HC Wainwright raised its price target for Quantum-Si from $4.00 to $5.50, maintaining a "buy" rating for the company. Conversely, Canaccord Genuity lowered its price objective from $1.50 to $1.00 while assigning a "hold" rating in their report on November 13th.

Stock Performance Overview

In terms of stock performance, Quantum-Si has experienced an impressive surge of 7.6% in its share price. Currently, the stock's fifty-day moving average stands at $1.66, while the two-hundred-day moving average is $1.19. Quantum-Si has a market capitalization of $405.30 million, with a negative P/E ratio of -4.44 and a beta value of 2.74, indicating higher volatility.

Insider Transactions

In a notable insider transaction, Director Jonathan M. Rothberg sold 3,506,267 shares on December 27th at an average price of $3.34, amounting to a total of approximately $11.71 million. After this transaction, Rothberg's direct ownership dropped to 1,250,000 shares, valued at about $4.18 million, which reflects a decrease of 73.72%. Presently, 30.04% of the stocks are held by insiders.

Hedge Fund Activities

Several hedge funds have been active in trading Quantum-Si shares. For example, Bank of New York Mellon Corp increased its position by 3.5% during the second quarter, holding 322,460 shares worth $339,000 after acquiring an additional 10,811 shares. Other funds, such as XTX Topco Ltd and SG Americas Securities LLC, added new positions valued at $25,000 and $53,000 respectively. Green Alpha Advisors LLC raised its holdings by 35.4% in the third quarter and Barclays PLC grew its stake by a staggering 210.5%. Altogether, institutional investors own 39.90% of Quantum-Si's stock.

About Quantum-Si

Quantum-Si is a life sciences firm that focuses on developing a single-molecule detection platform for Next Generation Protein Sequencing (NGPS). The platform includes the Platinum NGPS instrument, Platinum Analysis Software, and reagent kits, along with semiconductor chips used with its instruments.

Conclusion

Considering the fluctuations in share price and the recent ratings from analysts, potential investors may want to monitor Quantum-Si closely. Despite some buy ratings, other analysts are cautious, suggesting that investors weigh all information before making decisions about purchasing the stock.

Quantum-Si, Stocks, Trading