Quantum-Si (NASDAQ:QSI) Reaches New 1-Year High - Here's Why

Quantum-Si incorporated (NASDAQ:QSI - Get Free Report) shares reached a new 52-week high during trading on Friday . The company traded as high as $3.57 and last traded at $3.57, with a volume of 47861012 shares changing hands. The stock had previously closed at $2.15.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. HC Wainwright raised their target price on Quantum-Si from $4.00 to $5.50 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Canaccord Genuity Group dropped their price target on shares of Quantum-Si from $1.50 to $1.00 and set a "hold" rating on the stock in a research note on Wednesday, November 13th.

Quantum-Si Stock Up 67.4 %

The stock has a market capitalization of $513.77 million, a PE ratio of -5.63 and a beta of 3.20. The business's 50-day moving average is $1.20 and its two-hundred day moving average is $1.06.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased 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 purchasing an additional 10,811 shares during the period. XTX Topco Ltd grew its holdings in shares of Quantum-Si by 81.3% during the third quarter. XTX Topco Ltd now owns 43,812 shares of the company's stock worth $39,000 after buying an additional 19,651 shares during the last quarter. Green Alpha Advisors LLC increased its position in Quantum-Si by 35.4% in the 3rd quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company's stock valued at $154,000 after acquiring an additional 45,796 shares during the period. SG Americas Securities LLC purchased a new stake in Quantum-Si during the 3rd quarter valued at approximately $53,000. Finally, Barclays PLC lifted its position in Quantum-Si by 210.5% during the 3rd quarter. Barclays PLC now owns 196,826 shares of the company's stock worth $173,000 after acquiring an additional 133,438 shares during the period. Institutional investors and hedge funds own 39.90% of the company's stock.

Quantum-Si Company Profile

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.