Quantum-Si incorporated (NASDAQ:QSI - Get Free Report) shares were up 9.8% during trading on Wednesday . The company traded as high as $2.54 and last traded at $2.23. Approximately 26,294,749 shares were traded during trading, a decline of 59% from the average daily volume of 63,821,848 shares. The stock had previously closed at $2.03.
Analysts Set New Price Targets
A number of equities research analysts recently commented on QSI shares. HC Wainwright reiterated a "buy" rating and issued a $5.50 target price on shares of Quantum-Si in a research report on Tuesday. Canaccord Genuity Group decreased 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.
Read Our Latest Stock Report on Quantum-Si
Quantum-Si Price Performance
The company has a market capitalization of $335.38 million, a price-to-earnings ratio of -3.67 and a beta of 2.74. The firm has a fifty day simple moving average of $1.75 and a 200 day simple moving average of $1.21.
Insider Activity at Quantum-Si
In other news, Director Jonathan M. Rothberg sold 3,506,267 shares of Quantum-Si 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 transaction, the director now owns 1,250,000 shares in the company, valued at $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 available at this hyperlink. 30.04% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Quantum-Si
Several large investors have recently modified their holdings of QSI. XTX Topco Ltd purchased a new position in shares of Quantum-Si during the second quarter worth $25,000. SG Americas Securities LLC acquired a new position in Quantum-Si during the 3rd quarter worth about $53,000. Green Alpha Advisors LLC boosted its holdings in Quantum-Si by 35.4% during 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. Barclays PLC boosted its holdings in Quantum-Si by 210.5% during the 3rd quarter. Barclays PLC now owns 196,826 shares of the company's stock valued at $173,000 after acquiring an additional 133,438 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Quantum-Si by 3.5% in the 2nd 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. Institutional investors and hedge funds own 39.90% of the company's stock.
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.
See Also
Before you consider Quantum-Si, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Quantum-Si wasn't on the list.
While Quantum-Si currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
