Quantum-Si Incorporated [NASDAQ: QSI] traded at a low on Wednesday, posting a -28.31 loss after which it closed the day’ session at $0.84.
The results of the trading session contributed to over 10015541 shares changing hands. Over the past one week, the price volatility of Quantum-Si Incorporated stands at 18.56% while the volatility over the past one month is 9.18%.
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The market cap for QSI stock reached $118.96 million, with 121.83 million shares outstanding and 96.59 million shares in the current float. Compared to the average trading volume of 546.43K shares, QSI reached a trading volume of 10015541 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Quantum-Si Incorporated [QSI]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for QSI shares is $2.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on QSI stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
H.C. Wainwright have made an estimate for Quantum-Si Incorporated shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 08, 2023. While these analysts kept the previous recommendation, Canaccord Genuity dropped their target price from $3.50 to $2. The new note on the price target was released on September 25, 2023, representing the official price target for Quantum-Si Incorporated stock. Previously, the target price had yet another raise to $13, while Canaccord Genuity analysts kept a Buy rating on QSI stock.
The Average True Range (ATR) for Quantum-Si Incorporated is set at 0.13, with the Price to Sales ratio for QSI stock in the period of the last 12 months amounting to 92.94. The Price to Book ratio for the last quarter was 0.47, with the Price to Cash per share for the same quarter was set at 1.66.
How has QSI stock performed recently?
Quantum-Si Incorporated [QSI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -35.97. With this latest performance, QSI shares dropped by -48.22% in over the last four-week period, additionally sinking by -55.38% over the last 6 months – not to mention a drop of -44.82% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for QSI stock in for the last two-week period is set at 15.35, with the RSI for the last a single of trading hit 9.10, and the three-weeks RSI is set at 21.83 for Quantum-Si Incorporated [QSI]. The present Moving Average for the last 50 days of trading for this stock 1.5838, while it was recorded at 1.1418 for the last single week of trading, and 1.6582 for the last 200 days.
Quantum-Si Incorporated [QSI]: Deeper insight into the fundamentals
Quantum-Si Incorporated’s liquidity data is similarly interesting compelling, with a Quick Ratio of 30.03 and a Current Ratio set at 30.65.
Insider trade positions for Quantum-Si Incorporated [QSI]
The top three institutional holders of QSI stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in QSI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in QSI stock with ownership which is approximately 5.8386%.
