Quantum-Si (NASDAQ:QSI) Stock Price Up 0.6% - Time to Buy?

Quantum-Si incorporated (NASDAQ:QSI - Get Free Report)'s stock price rose 0.6% during mid-day trading on Friday . The company traded as high as $2.47 and last traded at $2.43. Approximately 6,955,087 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 47,458,070 shares. The stock had previously closed at $2.41.

Wall Street Analyst Weigh In

QSI has been the subject of a number of recent analyst reports. HC Wainwright restated a "buy" rating and set a $5.50 price target on shares of Quantum-Si in a report on Tuesday, January 14th. Canaccord Genuity Group dropped their price objective on shares of Quantum-Si from $1.50 to $1.00 and set a "hold" rating for the company in a research note on Wednesday, November 13th.

Quantum-Si Stock Down 4.6 %

The business's fifty day moving average is $1.99 and its two-hundred day moving average is $1.29. The firm has a market cap of $328.23 million, a price-to-earnings ratio of -3.59 and a beta of 2.74.

Insider Activity

In other Quantum-Si news, Director Jonathan M. Rothberg sold 3,506,267 shares of Quantum-Si stock in a transaction on Friday, December 27th. The shares were sold at an average price of $3.34, for a total transaction of $11,710,931.78. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 30.04% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC increased its stake in Quantum-Si by 210.5% in the third quarter. Barclays PLC now owns 196,826 shares of the company's stock valued at $173,000 after purchasing an additional 133,438 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Quantum-Si by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,316,921 shares of the company's stock valued at $2,044,000 after buying an additional 145,091 shares during the period. SG Americas Securities LLC bought a new stake in shares of Quantum-Si in the 3rd quarter valued at $53,000. XTX Topco Ltd raised its stake in Quantum-Si by 81.3% during the 3rd 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 period. Finally, Green Alpha Advisors LLC lifted its holdings 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 acquiring an additional 45,796 shares in the last quarter. 39.90% of the stock is currently owned by institutional investors.

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.