Quantum-Si Incorporated [NASDAQ: QSI] stock went on an upward path that rose over 0.70% on Friday, amounting to a one-week price increase of more than 99.53%.
Over the last 12 months, QSI stock rose by 126.98%. The one-year Quantum-Si Incorporated stock forecast points to a potential downside of -32.0. The average equity rating for QSI stock is currently 2.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $616.55 million, with 122.78 million shares outstanding and 97.54 million shares in the current float. Compared to the average trading volume of 20.34M shares, QSI stock reached a trading volume of 191760086 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $3.25 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 0.71, with the Price to Sales ratio for QSI stock in the period of the last 12 months amounting to 271.61. The Price to Book ratio for the last quarter was 2.91, with the Price to Cash per share for the same quarter was set at 1.37.
QSI Stock Performance Analysis:
Quantum-Si Incorporated [QSI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 99.53. With this latest performance, QSI shares gained by 283.04% in over the last four-week period, additionally plugging by 361.64% over the last 6 months – not to mention a rise of 126.98% 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 73.65, with the RSI for the last a single of trading hit 75.82, and the three-weeks RSI is set at 71.93 for Quantum-Si Incorporated [QSI]. The present Moving Average for the last 50 days of trading for this stock 1.41, while it was recorded at 3.64 for the last single week of trading, and 1.30 for the last 200 days.
Insight into Quantum-Si Incorporated Fundamentals:
Quantum-Si Incorporated’s liquidity data is similarly interesting compelling, with a Quick Ratio of 13.15 and a Current Ratio set at 13.42.
Quantum-Si Incorporated [QSI] Institutonal Ownership Details
There are presently around $35.99%, or 43.36%% of QSI stock, in the hands of institutional investors. The top three institutional holders of QSI stocks are: ARK INVESTMENT MANAGEMENT LLC with ownership of 12.41 million shares, which is approximately 8.7534%. SUMITOMO MITSUI TRUST HOLDINGS, INC., holding 7.86 million shares of the stock with an approximate value of $$8.26 million in QSI stocks shares; and SUMITOMO MITSUI TRUST HOLDINGS, INC., currently with $$8.1 million in QSI stock with ownership which is approximately 5.5463%.
