Quantum-Si (NASDAQ:QSI - Free Report) had its price objective decreased by Canaccord Genuity Group from $1.50 to $1.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Canaccord Genuity Group currently has a hold rating on the stock.
Quantum-Si Stock Up 2.1 %
NASDAQ:QSI traded up $0.02 during midday trading on Wednesday, hitting $0.79. The stock had a trading volume of 902,540 shares, compared to its average volume of 680,192. The stock has a 50-day moving average of $0.86 and a 200 day moving average of $1.12. Quantum-Si has a one year low of $0.70 and a one year high of $2.43.
Quantum-Si (NASDAQ:QSI - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.18) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.03. Quantum-Si had a negative net margin of 3,968.84% and a negative return on equity of 35.42%. The business had revenue of $0.79 million during the quarter, compared to analyst estimates of $1.06 million. Sell-side analysts predict that Quantum-Si will post -0.71 EPS for the current year.
Hedge Funds Weigh In On Quantum-Si
Large investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its position in shares of Quantum-Si by 11.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 59,727 shares of the company's stock worth $118,000 after buying an additional 5,945 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Quantum-Si by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 322,460 shares of the company's stock valued at $339,000 after acquiring an additional 10,811 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Quantum-Si in the first quarter worth $27,000. Bleakley Financial Group LLC acquired a new position in shares of Quantum-Si during the first quarter worth $28,000. Finally, XTX Topco Ltd acquired a new position in shares of Quantum-Si during the second quarter worth $25,000. 39.90% of the stock is currently owned by institutional investors.
Quantum-Si Company Profile
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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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