Quantum-Si Incorporated (NASDAQ:QSI) does about 5.64M shares in volume on a normal day but saw 28276364 shares change hands in the recent trading day. The company now has a market cap of 195.52M USD. Its current market price is $1.37, marking a decrease of -15.43% compared to the previous close of $1.62. The 52 week high reached by this stock is $2.43 whilst the lowest price level in 52 weeks is $0.61.
Quantum-Si Incorporated (QSI) has a 20-day trading average at $0.9147 and the current price is -43.62% off the 52-week high compared with 123.82% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.8798 and its 200-day simple moving average is $1.2824. If we look at the stock’s price movements over the week, volatility stands at 31.73%, which decreases to 14.77% 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 62.14 to suggest the stock is neutral.
The consensus objective for the share price is $3.25, suggesting that the stock has a potential upside of 57.85% 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.
The current price level is 49.79%, 55.72%, and 6.83% away from its SMA20, SMA50, and SMA200 respectively, with the QSI price moving below the 50-day SMA on current market day. Quantum-Si Incorporated (QSI) stock is up 107.29% over the week and 83.89% over the past month. Its price is -31.84% year-to-date and -10.46% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at -0.19 and -0.62 for whole year. Expected sales for next quarter are $1.45M, which analysts say will come at $3.13M for the current fiscal year and next year at $8.6M. In addition, estimates put the company’s current quarterly revenue at an average of $1.29M.
To reach the target analysts have set, the stock logically needs to grow 57.85 percent from here.
Outstanding shares total 121.83M with insiders holding 19.85% of the shares and institutional holders owning 36.04% of the company’s common stock. The company has a return on investment of -42.72% and return on equity of -35.79%. The beta has a value of 3.36. Price to book ratio is 0.93 and price to sales ratio is 86.13.
