Wall Street Zen Downgrades Quantum-Si (NASDAQ:QSI) to Sell

by · The Markets Daily

Quantum-Si (NASDAQ:QSI – Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Several other equities research analysts have also recently commented on QSI. Weiss Ratings raised shares of Quantum-Si from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 24th. Alliance Global Partners reaffirmed a “buy” rating on shares of Quantum-Si in a research report on Friday, August 14th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $4.00 target price on shares of Quantum-Si in a research report on Tuesday, September 29th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $2.50.

Read Our Latest Report on Quantum-Si

Quantum-Si Price Performance

NASDAQ QSI opened at $1.55 on Friday. Quantum-Si has a 12-month low of $0.69 and a 12-month high of $3.10. The company has a market capitalization of $339.26 million, a PE ratio of -3.37 and a beta of 3.21. The firm’s 50 day moving average is $0.81 and its 200-day moving average is $0.88.

Quantum-Si (NASDAQ:QSI – Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). The business had revenue of $0.34 million during the quarter, compared to analysts’ expectations of $0.30 million. Quantum-Si had a negative net margin of 6,138.26% and a negative return on equity of 47.12%. As a group, sell-side analysts expect that Quantum-Si will post -0.47 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. IPG Investment Advisors LLC acquired a new position in shares of Quantum-Si in the second quarter valued at about $27,000. Corient Private Wealth LP acquired a new stake in Quantum-Si in the 2nd quarter worth about $34,000. Hollencrest Capital Management boosted its holdings in Quantum-Si by 301.1% in the 1st quarter. Hollencrest Capital Management now owns 40,111 shares of the company’s stock valued at $31,000 after purchasing an additional 30,111 shares during the period. Green Alpha Advisors LLC bought a new stake in Quantum-Si in the 2nd quarter valued at about $41,000. Finally, WINTON GROUP Ltd acquired a new position in shares of Quantum-Si during the 2nd quarter worth approximately $67,000. 39.90% of the stock is owned by institutional investors and hedge funds.

Quantum-Si Company Profile

(Get Free Report)

Quantum-Si Incorporated (NASDAQ:QSI) is a life sciences technology company focused on advancing proteomics, the study of proteins and their functions. The company develops tools intended to make protein analysis more accessible, scalable and cost-effective for researchers, pharmaceutical companies, biotechnology firms and academic institutions.

Its primary offering is the Platinum platform, which combines a benchtop protein sequencing instrument with single-use consumables and software.

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