The stock of Quantum-Si incorporated (NASDAQ:QSI) increased by $0.1 on Tuesday to $2.10, up 5.01 percent. The last five days have seen an average of 2,342,109 shares of common stock traded. 14 times new highs were reached in the current year, with a gain of $0.2600. The average number of shares traded over the last 20 days was 3,320,792, while the average volume over the last 50 days totaled 2,361,501.
QSI stock dropped -35.34% since last month. On 08/14/23, the company’s shares reached a one-month low of $1.9700. The stock touched a high of $4.41 on 08/01/23, after rallying from a low of $1.36 in 52 weeks. The price of QSI stock has risen by 14.48% or $0.2600 this year, reaching a new high 14 times. Still, the stock price is down -52.49% from the 52-week high.
Insider Transactions
QSI stock investors should be aware that Quantum-Si incorporated (QSI) stock had its last reported insider trading activity 153 days ago on Mar 15. On Mar 15, General Counsel & Corp. Secr. LaPointe Christian acquired 20,000 shares at $1.77 each. This transaction resulted in the insider spending $35,400. On Dec 15, RAKIN KEVIN sold 89,000 shares at a price of US$2.15. After the transaction, the insider now owns 1,801,000 shares. General Counsel & Corp. Secr. LaPointe Christian had earlier bought 20,000 shares on Aug 17 for $3.93 a share. The transaction was completed for $78,526.
Valuation Metrics
Beta for the stock is 2.81. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 976.06, the price-to-book (PB) ratio of 0.87.
Financial Health
For the three months ended June 29, Quantum-Si incorporated’s quick ratio was 32.50, while its current ratio was 32.70, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 48.80% percent.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. QSI’s return on assets (ROA) during the last 12 months has been -32.70%. In the meantime, the return on equity (ROE) for the last 12 months was -35.30%.
Earnings Surprise
According to Quantum-Si incorporated’s quarterly financial report for the quarter that ended June 29, it had $209.25 million in cash and short-term investments. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $0.21 million, while revenues rose by 100.0% to $0.25 million. It was predicted that Quantum-Si incorporated’s quarterly earnings would be -$0.18, but it ended up being -$0.2. EBITDA was -$25.8 million for the quarter. At the end of Quantum-Si incorporated’s most recent quarter ended June 29, its liabilities totaled 25.87 million, while its total debt was $16.21 million. Equity owned by shareholders amounts to $141.72 million.
Technical Picture
Here’s a quick look at Quantum-Si incorporated’s (QSI) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 36.44%, suggesting the stock is Neutral, with a 215.61% historical volatility rate.
The stochastic %K and %D were 6.03% and 8.32% respectively, while the average true range (ATR) was 0.3417. Based on the 14-day stochastic reading of 6.21%, the RSI (14) reading is 41.31%. On the 9-day MACD Oscillator, the stock is at -0.3539, and the 14-day reading is at -0.7313.
Analyst Ratings
In its analyst report released on October 20, 2021, Canaccord Genuity began covering Quantum-Si incorporated (NASDAQ: QSI). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Quantum-Si incorporated (QSI) an Buy rating. QSI is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is QSI’s price target for the next 12 months?
The current consensus forecast for the stock is between $3.50 and $3.50, with a median target price of $3.50. In analyzing these forecasts, the average price target given by analysts for Quantum-Si incorporated (QSI) is $3.50.
