Quantum-Si (NASDAQ:QSI) Stock Rating Reaffirmed as Buy by HC Wainwright

Quantum-Si (NASDAQ:QSI - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at HC Wainwright in a note issued to investors on Tuesday, MarketBeat Ratings reports. They currently have a $4.00 target price on the stock. HC Wainwright's price target points to a potential upside of 403.14% from the stock's previous close.

QSI has been the topic of a number of other reports. Alliance Global Partners reaffirmed a "buy" rating on shares of Quantum-Si in a research note on Friday, August 14th. Wall Street Zen raised Quantum-Si from a "sell" rating to a "hold" rating in a report on Saturday, September 12th. Finally, Weiss Ratings upgraded shares of Quantum-Si from a "sell (e+)" rating to a "sell (d-)" rating in a report on Thursday. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $2.50.

Quantum-Si Stock Down 4.7%

Shares of QSI stock opened at $0.80 on Tuesday. The firm has a market cap of $174.01 million, a P/E ratio of -1.73 and a beta of 3.25. The company has a 50 day moving average of $0.77 and a 200-day moving average of $0.87. Quantum-Si has a 12-month low of $0.69 and a 12-month high of $3.10.

Quantum-Si (NASDAQ:QSI - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.11) EPS for the quarter, meeting the consensus estimate of ($0.11). The business had revenue of $0.34 million for the quarter, compared to the consensus estimate of $0.30 million. Quantum-Si had a negative return on equity of 47.12% and a negative net margin of 6,138.26%. As a group, equities analysts expect that Quantum-Si will post -0.47 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Renaissance Technologies LLC bought a new stake in shares of Quantum-Si in the 1st quarter worth approximately $91,000. WINTON GROUP Ltd bought a new position in shares of Quantum-Si during the 2nd quarter valued at $67,000. Green Alpha Advisors LLC bought a new stake in Quantum-Si during the second quarter valued at approximately $41,000. Hollencrest Capital Management lifted its position in Quantum-Si by 301.1% during the first quarter. Hollencrest Capital Management now owns 40,111 shares of the company's stock valued at $31,000 after purchasing an additional 30,111 shares in the last quarter. Finally, Corient Private Wealth LP purchased a new stake in Quantum-Si in the 2nd quarter worth approximately $34,000. 39.90% of the stock is owned by hedge funds and other institutional investors.

Quantum-Si Company Profile

Quantum-Si Incorporated NASDAQ: QSI is a life sciences technology company focused on advancing proteomics, the study of proteins and their roles in biological systems. The company develops tools intended to help researchers identify and analyze proteins at the single-molecule level, supporting applications in drug discovery, translational research and precision medicine.

Its primary offering is the Platinum platform, which combines an automated instrument, proprietary sequencing technology, consumables and software for protein analysis.