Quantum-Si (NASDAQ:QSI) Given “Buy” Rating at HC Wainwright

Quantum-Si (NASDAQ:QSI)‘s stock had its “buy” rating reissued by equities research analysts at HC Wainwright in a report issued on Monday,Benzinga reports. They currently have a $5.50 price target on the stock. HC Wainwright’s price target would suggest a potential upside of 290.07% from the company’s previous close.

QSI has been the subject of a number of other research reports. National Bankshares set a $3.65 target price on shares of Quantum-Si in a research report on Wednesday, March 5th. Alliance Global Partners reissued a “buy” rating on shares of Quantum-Si in a research note on Friday.

Quantum-Si Stock Down 4.7%

QSI stock opened at $1.41 on Monday. The company has a market cap of $258.23 million, a price-to-earnings ratio of -2.20 and a beta of 2.71. The business has a fifty day simple moving average of $1.28 and a 200-day simple moving average of $1.60. Quantum-Si has a 52 week low of $0.61 and a 52 week high of $5.77.

Quantum-Si (NASDAQ:QSI) last posted its quarterly earnings results on Thursday, May 15th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.06. The firm had revenue of $0.84 million during the quarter, compared to the consensus estimate of $0.96 million. Quantum-Si had a negative return on equity of 36.96% and a negative net margin of 3,968.84%. As a group, analysts expect that Quantum-Si will post -0.65 earnings per share for the current fiscal year.

Insider Activity at Quantum-Si

In other news, CEO Jeffrey Alan Hawkins sold 23,707 shares of the firm’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $1.39, for a total transaction of $32,952.73. Following the completion of the sale, the chief executive officer now directly owns 2,646,716 shares in the company, valued at $3,678,935.24. This trade represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders have sold 36,650 shares of company stock worth $50,944. 30.04% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wolverine Asset Management LLC acquired a new position in shares of Quantum-Si in the 4th quarter worth approximately $26,000. WestHill Financial Advisors Inc. acquired a new position in Quantum-Si in the first quarter worth $26,000. Abel Hall LLC acquired a new stake in shares of Quantum-Si during the fourth quarter worth $28,000. HBW Advisory Services LLC acquired a new position in shares of Quantum-Si in the 1st quarter valued at about $29,000. Finally, Dudley Capital Management LLC acquired a new position in Quantum-Si in the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 39.90% of the company’s stock.

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.