Quantum-Si (NASDAQ:QSI – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Tuesday, Wall Street Zen reports.
QSI has been the topic of several other research reports. Alliance Global Partners restated a “buy” rating on shares of Quantum-Si in a report on Friday, August 14th. Weiss Ratings upgraded Quantum-Si from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, September 24th. Finally, HC Wainwright set a $4.00 price objective on Quantum-Si in a research report on Friday, October 9th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $2.50.
Check Out Our Latest Research Report on Quantum-Si
Quantum-Si Stock Up 4.2%
Shares of QSI stock opened at $1.72 on Tuesday. The stock has a market cap of $376.48 million, a price-to-earnings ratio of -3.74 and a beta of 3.21. Quantum-Si has a fifty-two week low of $0.69 and a fifty-two week high of $2.23. The firm’s 50 day moving average price is $1.01 and its two-hundred day moving average price is $0.96.
Quantum-Si (NASDAQ:QSI – Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.11). Quantum-Si had a negative net margin of 6,138.26% and a negative return on equity of 47.12%. The company had revenue of $0.34 million during the quarter, compared to analyst estimates of $0.30 million. On average, equities analysts forecast that Quantum-Si will post -0.47 EPS for the current fiscal year.
Hedge Funds Weigh In On Quantum-Si
A number of institutional investors and hedge funds have recently bought and sold shares of QSI. IPG Investment Advisors LLC acquired a new stake in Quantum-Si in the second quarter valued at approximately $27,000. China Universal Asset Management Co. Ltd. acquired a new position in shares of Quantum-Si during the third quarter worth $39,000. Corient Private Wealth LP acquired a new position in shares of Quantum-Si during the second quarter worth $34,000. Hollencrest Capital Management boosted its stake in shares of Quantum-Si by 301.1% in the first quarter. Hollencrest Capital Management now owns 40,111 shares of the company’s stock valued at $31,000 after purchasing an additional 30,111 shares during the period. Finally, Green Alpha Advisors LLC purchased a new position in shares of Quantum-Si in the second quarter valued at $41,000. Hedge funds and other institutional investors own 39.90% of the company’s stock.
About Quantum-Si
Quantum-Si Incorporated (NASDAQ:QSI) is a life sciences technology company focused on transforming protein analysis through next-generation proteomics. The company develops tools designed to identify and characterize proteins at the single-molecule level, with potential applications in drug discovery, translational research, diagnostics development and precision medicine.
Its primary offering is the Platinum platform, which combines a benchtop sequencing instrument, semiconductor-based technology, consumables and data-analysis software.
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