Quantum-Si incorporated (NASDAQ:QSI - Get Free Report) shares were down 5% during mid-day trading on Wednesday . The company traded as low as $1.95 and last traded at $1.98. Approximately 3,752,928 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 41,400,328 shares. The stock had previously closed at $2.08.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on QSI shares. HC Wainwright reaffirmed a "buy" rating and issued a $5.50 price objective on shares of Quantum-Si in a research note on Tuesday, January 14th. Canaccord Genuity Group lowered their price objective on shares of Quantum-Si from $1.50 to $1.00 and set a "hold" rating on the stock in a research report on Wednesday, November 13th.
Check Out Our Latest Report on Quantum-Si
Quantum-Si Stock Performance
The stock has a fifty day simple moving average of $2.09 and a two-hundred day simple moving average of $1.33. The stock has a market cap of $259.73 million, a PE ratio of -2.84 and a beta of 2.70.
Insider Buying and Selling at Quantum-Si
In other news, Director Jonathan M. Rothberg sold 3,506,267 shares of the stock in a transaction on Friday, December 27th. The stock was 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 in the company, valued at approximately $4,175,000. This represents a 73.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 30.04% of the stock is currently owned by insiders.
Institutional Trading of Quantum-Si
A number of hedge funds have recently made changes to their positions in QSI. Wolverine Asset Management LLC acquired a new position in Quantum-Si in the 4th quarter valued at approximately $26,000. Abel Hall LLC bought a new stake in shares of Quantum-Si during the fourth quarter valued at approximately $28,000. Sanctuary Advisors LLC acquired a new stake in shares of Quantum-Si in the 4th quarter valued at $95,000. XTX Topco Ltd raised its holdings 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 purchasing an additional 19,651 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Quantum-Si in the third quarter valued at approximately $53,000. 39.90% of the stock is owned by hedge funds and other institutional investors.
Quantum-Si Company Profile
(
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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