More To Go Or Is It Over? – Quantum-Si Incorporated (QSI)

Quantum-Si Incorporated (NASDAQ:QSI) does about 746.14K shares in volume on a normal day but saw 1369826 shares change hands in Tuesday’s trading. The company now has a market cap of 259.53M USD. Its current market price is $1.83, marking an increase of 6.40% compared to the previous close of $1.72. The 52 week high reached by this stock is $3.90 whilst the lowest price level in 52 weeks is $1.12.

Quantum-Si Incorporated (QSI) has a 20-day trading average at $1.7025 and the current price is -53.09% off the 52-week high compared with 63.39% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.7802 and its 200-day simple moving average is $1.7903. If we look at the stock’s price movements over the week, volatility stands at 8.34%, which decreases to 7.52% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 55.11 to suggest the stock is neutral.

The consensus objective for the share price is $2.75, suggesting that the stock has a potential upside of 33.45% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on December 08, 2023 when H.C. Wainwright initiated the stock to “Buy” and issued a price target of $3. Canaccord Genuity downgraded the stock to “Hold” from Buy on September 25, 2023 at a price target of $3.50-$2. Canaccord Genuity initiated its price target at $13.

Quantum-Si Incorporated (QSI) stock is up 2.81% over the week and 10.24% over the past month. Its price is -8.96% year-to-date and 29.79% over the past year.

The stock last released its quarterly earnings report for quarter ended 3/31/2024, with the company’s earnings per share (EPS) of -0.18 above consensus estimates by 0.02. The company’s next earnings report forecasts estimating quarterly EPS at -0.19 and -0.74 for whole year. Expected sales for next quarter are $1.15M, which analysts say will come at $4.02M for the current fiscal year and next year at $12.4M. In addition, estimates put the company’s current quarterly revenue at an average of $680k.

To reach the target analysts have set, the stock logically needs to grow 33.45 percent from here.

The company has a return on investment of -34.44% and return on equity of -30.98%. The beta has a value of 3.08. Price to book ratio is 1.02 and price to sales ratio is 202.76.