Quantum-Si (NASDAQ:QSI) Stock Price Up 6.7% – What’s Next?

Shares of Quantum-Si incorporated (NASDAQ:QSI) shot up 6.7% on Tuesday . The company traded as high as $2.38 and last traded at $2.06. 18,007,610 shares were traded during mid-day trading, a decline of 73% from the average session volume of 66,435,195 shares. The stock had previously closed at $1.93.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. HC Wainwright restated a “buy” rating and issued a $5.50 target price on shares of Quantum-Si in a 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 report on Wednesday, November 13th.

Quantum-Si Price Performance

The business has a 50 day moving average price of $1.72 and a 200 day moving average price of $1.21. The firm has a market capitalization of $292.56 million, a P/E ratio of -3.20 and a beta of 2.74.

Insiders Place Their Bets

In related news, Director Jonathan M. Rothberg sold 3,506,267 shares of Quantum-Si stock in a transaction dated 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 sale, the director now directly owns 1,250,000 shares of the company’s stock, valued at $4,175,000. This trade represents a 73.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 30.04% of the company’s stock.

Institutional Investors Weigh In On Quantum-Si

Institutional investors and hedge funds have recently bought and sold shares of the business. XTX Topco Ltd bought a new stake in Quantum-Si in the 2nd quarter valued at $25,000. SG Americas Securities LLC bought a new stake in Quantum-Si in the 3rd quarter valued at $53,000. Green Alpha Advisors LLC increased its holdings 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 buying an additional 45,796 shares during the period. Barclays PLC increased its position in shares of 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 purchasing an additional 133,438 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Quantum-Si by 3.5% during the 2nd 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 last quarter. Institutional investors own 39.90% of the company’s stock.

About Quantum-Si

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.