Quantum-Si (NASDAQ:QSI) Trading Down 1.3% – Here’s What Happened
by Kim Johansen · The Markets DailyQuantum-Si Incorporated (NASDAQ:QSI – Get Free Report)’s share price traded down 1.3% during trading on Wednesday . The stock traded as low as $0.7460 and last traded at $0.75. 1,441,517 shares changed hands during trading, a decline of 45% from the average daily volume of 2,631,122 shares. The stock had previously closed at $0.76.
Analyst Ratings Changes
Several brokerages have recently weighed in on QSI. Alliance Global Partners reaffirmed a “buy” rating on shares of Quantum-Si in a research report on Friday, August 14th. Weiss Ratings downgraded shares of Quantum-Si from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday. One equities research analyst has 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 MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $1.00.
Check Out Our Latest Report on Quantum-Si
Quantum-Si Stock Up 0.1%
The company has a market cap of $161.97 million, a PE ratio of -1.61 and a beta of 3.25. The firm has a 50 day simple moving average of $0.80 and a 200-day simple moving average of $0.89.
Quantum-Si (NASDAQ:QSI – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.11) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.11). Quantum-Si had a negative net margin of 6,138.26% and a negative return on equity of 47.12%. The business had revenue of $0.34 million for the quarter, compared to analysts’ expectations of $0.30 million. As a group, equities analysts anticipate that Quantum-Si Incorporated will post -0.47 EPS for the current year.
Institutional Trading of Quantum-Si
A number of hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its holdings in Quantum-Si by 15.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 66,656 shares of the company’s stock valued at $131,000 after acquiring an additional 9,005 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Quantum-Si by 27.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 49,082 shares of the company’s stock worth $96,000 after purchasing an additional 10,564 shares in the last quarter. Prudential Financial Inc. acquired a new position in shares of Quantum-Si during the 2nd quarter worth approximately $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Quantum-Si by 23.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,552 shares of the company’s stock valued at $85,000 after buying an additional 13,546 shares during the last quarter. Finally, Cerity Partners LLC acquired a new position in shares of Quantum-Si in the second quarter worth $29,000. Institutional investors and hedge funds own 39.90% of the company’s stock.
Quantum-Si Company Profile
Quantum-Si Inc is a life sciences instrumentation company headquartered in Guilford, Connecticut, developing next-generation proteomics solutions based on semiconductor sequencing technology. The company’s core offering centers on a proprietary single-molecule protein sequencing platform that uses a silicon-based sensor chip to convert protein data into digital signals. This approach is designed to deliver high sensitivity, single-amino-acid resolution and deep proteome coverage while potentially reducing cost and complexity compared to traditional mass spectrometry methods.
Quantum-Si’s product roadmap includes the development and commercialization of an integrated system comprising instruments, consumable reagents and proprietary data analysis software.