Quantum-Si incorporated (NASDAQ:QSI - Get Free Report)'s share price traded down 5% during mid-day trading on Wednesday . The stock traded as low as $1.95 and last traded at $1.98. 3,752,928 shares traded hands during trading, a decline of 91% from the average session volume of 41,400,328 shares. The stock had previously closed at $2.08.
Analyst Ratings Changes
Several research firms recently issued reports on QSI. Canaccord Genuity Group cut their price target on shares of Quantum-Si from $1.50 to $1.00 and set a "hold" rating for the company in a report on Wednesday, November 13th. HC Wainwright reiterated a "buy" rating and set a $5.50 price objective on shares of Quantum-Si in a research note on Tuesday, January 14th.
Get Our Latest Analysis on QSI
Quantum-Si Trading Up 1.0 %
The company has a market capitalization of $282.57 million, a P/E ratio of -3.09 and a beta of 2.74. The stock's 50-day moving average price is $2.08 and its 200-day moving average price is $1.32.
Insider Buying and Selling at Quantum-Si
In other news, Director Jonathan M. Rothberg sold 3,506,267 shares of the business's stock in a transaction on Friday, December 27th. The stock was sold at an average price of $3.34, for a total value of $11,710,931.78. Following the sale, the director now owns 1,250,000 shares of the company's stock, valued at approximately $4,175,000. The trade was a 73.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 30.04% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Quantum-Si
Hedge funds and other institutional investors have recently bought and sold shares of the business. XTX Topco Ltd acquired a new stake in Quantum-Si during the second quarter valued at approximately $25,000. Abel Hall LLC purchased a new stake in shares of Quantum-Si during the 4th quarter worth about $28,000. SG Americas Securities LLC bought a new position in shares of Quantum-Si during the 3rd quarter valued at $53,000. Sanctuary Advisors LLC bought a new stake in Quantum-Si in the fourth quarter worth $95,000. Finally, Green Alpha Advisors LLC increased its position in Quantum-Si by 35.4% during the third quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company's stock worth $154,000 after buying an additional 45,796 shares during the last quarter. 39.90% of the stock is currently owned by 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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