Quantum-Si Incorporated (NASDAQ:QSI) remained unchanged to close Friday at $1.98 after subtracting $0.0 on the day. The 5-day average trading volume is 793,080 shares of the company’s common stock. It has gained $2.2300 in the past week and touched a new high 1 time within the past 5 days. An average of 1,025,025 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,440,930.
QSI’s 1-month performance is -7.04% or $0.0100 on its low of $1.9501 reached on 09/22/23. 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 8.20% or $0.1500 and has reached a new high 14 times. However, the current price is down -49.25% 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 2.78. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 610.01 while the price-to-book (PB) in the most recent quarter is 0.89.
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. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.05, while the total debt to equity was 0.05. In terms of profitability, the gross margin trailing 12 months is -896.08%.
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 September was 29.87% to suggest the stock is trending oversold, with historical volatility in this time period at 47.51%.
The stock’s 5-day moving average is $2.0320, reflecting a -11.61% or -$0.2600 change from its current price. QSI is currently trading -5.26% above its 20-day SMA, +35.62% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -23.26% and SMA200 by-16.10%.
Stochastic %K and %D was 3.97% and 6.38% and the average true range (ATR) pointed at 0.1476. The RSI (14) points at 37.59%, while the 14-day stochastic is at 5.81% with the period’s ATR at 0.1706. The stock’s 9-day MACD Oscillator is pointing at -0.1667 and -0.2150 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.
