Quantum-Si (NASDAQ:QSI) Shares Down 1.3%

Shares of Quantum-Si incorporated (NASDAQ:QSIGet Free Report) were down 1.3% during trading on Monday . The stock traded as low as $1.50 and last traded at $1.50. Approximately 448,576 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 678,806 shares. The stock had previously closed at $1.52.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a “buy” rating and set a $4.00 target price on shares of Quantum-Si in a research report on Friday, May 10th.

Check Out Our Latest Stock Report on QSI

Quantum-Si Stock Down 1.3 %

The business has a 50-day moving average price of $1.73 and a two-hundred day moving average price of $1.73. The company has a market capitalization of $212.73 million, a price-to-earnings ratio of -2.31 and a beta of 2.98.

Quantum-Si (NASDAQ:QSIGet Free Report) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.23) by $0.09. The business had revenue of $0.46 million for the quarter, compared to analysts’ expectations of $0.45 million. Quantum-Si had a negative net margin of 7,145.76% and a negative return on equity of 31.50%. During the same quarter last year, the firm earned ($0.17) EPS. On average, sell-side analysts anticipate that Quantum-Si incorporated will post -0.81 EPS for the current fiscal year.

Insider Transactions at Quantum-Si

In other news, CEO Jeffrey Alan Hawkins acquired 25,000 shares of Quantum-Si stock in a transaction on Thursday, March 14th. The stock was acquired at an average cost of $1.76 per share, with a total value of $44,000.00. Following the transaction, the chief executive officer now owns 25,000 shares of the company’s stock, valued at approximately $44,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 30.04% of the company’s stock.

Institutional Trading of Quantum-Si

A number of large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio purchased a new stake in Quantum-Si in the first quarter worth $27,000. Bleakley Financial Group LLC purchased a new stake in Quantum-Si in the 1st quarter worth about $28,000. Simplicity Wealth LLC bought a new stake in Quantum-Si in the 1st quarter valued at about $28,000. Pathstone Family Office LLC purchased a new stake in Quantum-Si during the third quarter valued at about $43,000. Finally, State Board of Administration of Florida Retirement System bought a new position in Quantum-Si during the third quarter worth about $59,000. Hedge funds and other institutional investors own 39.90% of the company’s stock.

Quantum-Si Company Profile

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Quantum-Si incorporated, a life sciences company, engages in the development of single-molecule detection platform to enable Next Generation Protein Sequencing (NGPS). The company's platform is comprised of the Platinum NGPS instrument; the Platinum Analysis Software service; and reagent kits and semiconductor chips for use with its instruments.

Further Reading

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