QT Imaging (NASDAQ:QTI) Trading 3% Higher – Still a Buy?

QT Imaging Holdings, Inc. (NASDAQ:QTI)’s share price shot up 3% during mid-day trading on Monday . The company traded as high as $5.85 and last traded at $5.83. 20,511 shares traded hands during mid-day trading, a decline of 17% from the average session volume of 24,751 shares. The stock had previously closed at $5.66.

Analysts Set New Price Targets

QTI has been the subject of several recent analyst reports. Lake Street Capital began coverage on shares of QT Imaging in a research note on Friday. They set a “buy” rating for the company. Weiss Ratings started coverage on QT Imaging in a report on Thursday. They set a “sell (e+)” rating on the stock. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, QT Imaging currently has a consensus rating of “Hold”.

QT Imaging Trading Up 3.0%

The company’s fifty day simple moving average is $5.94 and its 200 day simple moving average is $4.16. The firm has a market capitalization of $69.49 million, a P/E ratio of -2.30 and a beta of -0.10.

QT Imaging Company Profile

QT Imaging Ltd. (NASDAQ: QTI) is a medical technology company specializing in the development and commercialization of advanced ultrasound imaging solutions. The company focuses on real-time volumetric imaging systems designed to enhance diagnostic capabilities in obstetrics, gynecology and other clinical applications. QT Imaging’s flagship Q.VIEW® system and associated software suite enable practitioners to capture, analyze and visualize high-resolution 3D/4D ultrasound images, offering improved workflow efficiency and enhanced patient care.

QT Imaging’s product portfolio includes proprietary transducers, imaging consoles and software platforms that can be integrated with existing ultrasound scanners from leading original equipment manufacturers.