Quantum-Si incorporated (NASDAQ:QSI) saw an upside of 9.64% to $2.16 after adding $0.19on Wednesday. The 5-day average trading volume is 1,300,998 shares of the company’s common stock. It has gained $2.1800 in the past week and touched a new high 4 times within the past 5 days. An average of 2,868,030 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,499,736.
QSI’s 1-month performance is -27.76% or -$0.8200 on its low of $1.8600 reached on 08/18/23. The company’s shares have touched a 52-week low of $1.36 and high of $3.90, with the stock’s rally to the 52-week high happening on 08/01/23. YTD, QSI has achieved 18.03% or $0.3400 and has reached a new high 14 times. However, the current price is down -44.63% from the 52-week high price.
Insider Transactions
QSI stock investors last saw insider trading activity on Mar 15.RAKIN KEVIN (Director) most recently sold 89,000 shares at $2.15 per share on Dec 15. This transaction cost the insider $191,234.
Valuation Metrics
QSI stock has a beta of 2.89. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 609.21 while the price-to-book (PB) in the most recent quarter is 0.97.
Quantum-Si incorporated’s quick ratio for the period ended June 29 was 29.90, with the current ratio over the same period at 30.10. In terms of profitability, the gross margin trailing 12 months is 44.00%.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -26.75% to -$25.57 million, while revenue of -$23.61 million was 7.67% off the previous quarter. Analysts expected QSI to announce -$0.2 per share in earnings in its latest quarter, but it posted -$0.18, representing a 10.00% surprise. EBITDA for the quarter stood at more than -$25.8 million. QSI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 25.87 million, with total debt at $16.21 million. Shareholders hold equity totaling $141.72 million.
Let’s look briefly at Quantum-Si incorporated (QSI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 44.51% to suggest the stock is trending Neutral, with historical volatility in this time period at 84.54%.
The stock’s 5-day moving average is $2.0180, reflecting a +7.43% or $0.1500 change from its current price. QSI is currently trading -29.32% above its 20-day SMA, +31.52% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +34.78% and SMA200 by-14.90%.
Stochastic %K and %D was 10.75% and 7.51% and the average true range (ATR) pointed at 0.2492. The RSI (14) points at 45.07%, while the 14-day stochastic is at 17.82% with the period’s ATR at 0.2750. The stock’s 9-day MACD Oscillator is pointing at 0.0083 and -0.1356 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Quantum-Si incorporated (NASDAQ: QSI), Canaccord Genuity launched coverage with a Buy rating. Analysts offering their rating for QSI stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate QSI as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is QSI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $3.50 and a high of $3.50, with their median price target at $3.50. Looking at these predictions, the average price target given by analysts is for Quantum-Si incorporated (QSI) stock is $3.50.
