Quantum-Si (NASDAQ:QSI - Get Free Report)'s stock had its "buy" rating restated by equities research analysts at HC Wainwright in a report released on Friday, Benzinga reports. They presently have a $4.00 price objective on the stock. HC Wainwright's target price suggests a potential upside of 135.29% from the company's current price.
Quantum-Si Price Performance
QSI traded down $0.13 on Friday, hitting $1.70. The company had a trading volume of 562,264 shares, compared to its average volume of 571,290. The stock has a fifty day moving average price of $1.79 and a 200-day moving average price of $1.69. Quantum-Si has a 12-month low of $1.12 and a 12-month high of $3.90.
Quantum-Si (NASDAQ:QSI - Get Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.14) earnings per share for the quarter, topping analysts' consensus estimates of ($0.23) by $0.09. Quantum-Si had a negative return on equity of 30.65% and a negative net margin of 8,868.76%. The business had revenue of $0.46 million for the quarter, compared to analyst estimates of $0.45 million. During the same quarter in the previous year, the firm earned ($0.17) earnings per share. Research analysts anticipate that Quantum-Si will post -0.87 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, CEO Jeffrey Alan Hawkins bought 25,000 shares of the firm's stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average price of $1.76 per share, with a total value of $44,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 25,000 shares of the company's stock, valued at approximately $44,000. The purchase was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Jeffry R. Keyes purchased 50,000 shares of the firm's stock in a transaction on Tuesday, March 5th. The stock was bought at an average cost of $1.61 per share, with a total value of $80,500.00. Following the completion of the acquisition, the chief financial officer now owns 50,000 shares of the company's stock, valued at approximately $80,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey Alan Hawkins purchased 25,000 shares of the firm's stock in a transaction on Thursday, March 14th. The stock was bought at an average cost of $1.76 per share, with a total value of $44,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 25,000 shares of the company's stock, valued at approximately $44,000. The disclosure for this purchase can be found here. Insiders bought 85,000 shares of company stock valued at $141,900 over the last quarter. 30.04% of the stock is currently owned by company insiders.
Institutional Trading of Quantum-Si
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Simplicity Wealth LLC purchased a new stake in shares of Quantum-Si in the first quarter valued at approximately $28,000. Bleakley Financial Group LLC purchased a new stake in shares of Quantum-Si in the first quarter valued at approximately $28,000. Commonwealth Equity Services LLC purchased a new stake in shares of Quantum-Si in the third quarter valued at approximately $28,000. Pathstone Family Office LLC purchased a new stake in shares of Quantum-Si during the third quarter worth approximately $43,000. Finally, State Board of Administration of Florida Retirement System purchased a new stake in shares of Quantum-Si during the third quarter worth approximately $59,000. 39.90% of the stock is currently owned by hedge funds and other institutional investors.
About Quantum-Si
(
Get Free Report)
Quantum-Si incorporated, a life sciences company, engages in the development of single-molecule detection platform to enable Next Generation Protein Sequencing (NGPS). The company's platform is comprised of the Platinum NGPS instrument; the Platinum Analysis Software service; and reagent kits and semiconductor chips for use with its instruments.
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