Is It Worthwhile For Investors To Follow These Insider Trades On Quantum-Si incorporated (QSI)?


Quantum-Si incorporated (NASDAQ:QSI) traded with a subtraction of -$0.04 to close at $1.80 on Thursday, a downside of -2.17 percent. An average of 594,531 shares of common stock have been traded in the last five days. There was a fall of -$0.2050 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 729,583 shares traded, while the 50-day average volume stands at 745,631.

QSI stock has decreased by -28.68% in the last month. The company shares reached their 1-month lowest point of $1.7700 on 12/29/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $1.81 and a high of $8.31 in 52 weeks. It has reached a new high 2 times so far this year and lost -76.62% or -$6.0650 in price. In spite of this, the price is down -78.34% from the 52-week high.

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Insider Transactions

QSI stock investors should be aware that Quantum-Si incorporated (QSI) stock had its last reported insider trading activity 14 days ago on Dec 15. In this transaction, the insider spent $191,234. EVP, Product Development & Ops, MCKENNA MICHAEL P, disposed of 1,648 shares at a price of $3.22 on Jun 13. The insider now owns more than $5,307 worth of shares. Prior to that, Chief Business Officer Dyer Matthew went on to Sale 1,622 shares at $3.22 each on Jun 13. An amount of $5,223 was transacted.

Financial Health

The quick ratio of Quantum-Si incorporated for the three months ended September 29 was 30.00, and the current ratio was 30.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending September 29. Its gross profit as reported stood at $5000.0 compared to revenue of $96.91 million.

Earnings Surprise

For the three-month period that ended September 29, Quantum-Si incorporated had $293.81 million in cash. The company posted a net income of -$31.71 million in the quarter, while revenues of -$32.41 million were grew 42.95%. The analyst consensus anticipated Quantum-Si incorporated’s latest quarter earnings to come in at -$0.25 per share, but it turned out to be $0.2, a 180.00% surprise. Shareholders own equity worth $139.82 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Quantum-Si incorporated (QSI) price momentum. RSI 9-day as of the close on 28 December was 27.15%, suggesting the stock is oversold, with historical volatility in this time frame at 80.56%.

As of today, QSI’s price is $1.9390 -10.20% or -$0.2050 from its 5-day moving average. QSI is currently trading -24.16% lower than its 20-day SMA and -54.42% lower than its 100-day SMA. However, the stock’s current price level is -35.07% below the SMA50 and -53.24% below the SMA200.

The stochastic %K and %D were 6.39% and 16.94%, respectively, and the average true range (ATR) was 0.1610. With the 14-day stochastic at 4.73% and the average true range at 0.1756, the RSI (14) stands at 30.61%. The stock has reached -0.0878 on the 9-day MACD Oscillator while the 14-day reading was at -0.1861.

Analyst Ratings

Canaccord Genuity launched coverage on Quantum-Si incorporated (NASDAQ: QSI) in its analyst report released on October 20, 2021. The firm assigned the stock a Buy rating. The consensus rating for Quantum-Si incorporated (QSI) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell QSI, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

What is QSI’s price target for the next 12 months?

Analysts predict a range of price targets between $5.00 and $5.00, with a median target of $5.00. Taking a look at these predictions, the average price target given by analysts for Quantum-Si incorporated (QSI) stock is $5.00.


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