Quantum-Si (NASDAQ:QSI) Sees Strong Trading Volume – Here’s Why

Quantum-Si incorporated (NASDAQ:QSI) shares saw unusually-strong trading volume on Monday . Approximately 61,141,336 shares changed hands during trading, an increase of 1,135% from the previous session’s volume of 4,949,054 shares.The stock last traded at $3.76 and had previously closed at $3.60.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on QSI. HC Wainwright boosted their price target on Quantum-Si from $4.00 to $5.50 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Canaccord Genuity Group decreased their price objective on Quantum-Si from $1.50 to $1.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th.

Quantum-Si Price Performance

The stock has a market cap of $385.33 million, a price-to-earnings ratio of -4.22 and a beta of 3.20. The stock’s 50-day moving average is $1.29 and its 200-day moving average is $1.08.

Insider Buying and Selling

In other news, Director Jonathan M. Rothberg sold 3,506,267 shares of the stock in a transaction on Friday, December 27th. The shares were sold at an average price of $3.34, for a total value of $11,710,931.78. Following the completion of the sale, the director now owns 1,250,000 shares of the company’s stock, valued at $4,175,000. This represents a 73.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 30.04% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its holdings in shares of Quantum-Si by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 322,460 shares of the company’s stock valued at $339,000 after acquiring an additional 10,811 shares during the last quarter. XTX Topco Ltd increased its stake in shares of Quantum-Si by 81.3% in the third quarter. XTX Topco Ltd now owns 43,812 shares of the company’s stock valued at $39,000 after purchasing an additional 19,651 shares during the period. Green Alpha Advisors LLC grew 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 worth $154,000 after buying an additional 45,796 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Quantum-Si in the 3rd quarter valued at approximately $53,000. Finally, Barclays PLC raised its stake in Quantum-Si by 210.5% during the 3rd quarter. Barclays PLC now owns 196,826 shares of the company’s stock valued at $173,000 after acquiring an additional 133,438 shares in the last quarter. 39.90% of the stock is currently owned by institutional investors.

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.