Quantum-Si incorporated (NASDAQ:QSI) finished Friday with an addition of $0.03 to close at $2.12, an upside of 1.44 percent. An average of 1,517,100 shares of common stock have been traded in the last five days. There was a gain of $0.1500 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 2,731,110 shares traded, while the 50-day average volume stands at 2,562,846.
QSI stock has decreased by -31.61% in the last month. The company shares reached their 1-month lowest point of $1.8600 on 08/18/23. With the stock rallying to its 52-week high on 08/01/23, shares of the company touched a low of $1.36 and a high of $3.90 in 52 weeks. It has reached a new high 14 times so far this year and achieved 15.85% or $0.2900 in price. In spite of this, the price is down -45.66% 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 254 days ago on Mar 15.
Valuation Metrics
Quantum-Si incorporated (QSI) stock’s beta is 2.87. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 597.92, the price-to-book (PB) ratio at 0.95.
Financial Health
The quick ratio of Quantum-Si incorporated for the three months ended June 30 was 29.90, and the current ratio was 30.10, 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 June 30.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$25.57 million in the quarter, while revenues of -$23.61 million were shrunk -26.75%. The analyst consensus anticipated Quantum-Si incorporated’s latest quarter earnings to come in at -$0.2 per share, but it turned out to be -$0.18, a 10.00% surprise. For the quarter, EBITDA amounted to -$25.8 million. Shareholders own equity worth $141.72 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 25 August was 43.04%, suggesting the stock is Neutral, with historical volatility in this time frame at 57.13%.
As of today, QSI’s price is $2.0700 +7.61% or $0.1500 from its 5-day moving average. QSI is currently trading -38.55% lower than its 20-day SMA and +22.54% higher than its 100-day SMA. However, the stock’s current price level is +31.68% above the SMA50 and -16.21% below the SMA200.
The stochastic %K and %D were 29.77% and 18.38%, respectively, and the average true range (ATR) was 0.2300. With the 14-day stochastic at 49.06% and the average true range at 0.2600, the RSI (14) stands at 44.15%. The stock has reached 0.0700 on the 9-day MACD Oscillator while the 14-day reading was at 0.0300.
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 $3.50 and $3.50, with a median target of $3.50. Taking a look at these predictions, the average price target given by analysts for Quantum-Si incorporated (QSI) stock is $3.50.
