Quantum-Si’s (QSI) “Buy” Rating Reaffirmed at HC Wainwright

Quantum-Si (NASDAQ:QSI)‘s stock had its “buy” rating reaffirmed by research analysts at HC Wainwright in a note issued to investors on Wednesday,Benzinga reports. They presently have a $4.00 price target on the stock. HC Wainwright’s price objective points to a potential upside of 415.93% from the stock’s current price.

Separately, Canaccord Genuity Group cut their price objective on shares of Quantum-Si from $1.50 to $1.00 and set a “hold” rating for the company in a research report on Wednesday.

Quantum-Si Stock Down 22.4 %

Shares of QSI stock opened at $0.78 on Wednesday. The stock has a market cap of $110.37 million, a P/E ratio of -1.23 and a beta of 2.89. Quantum-Si has a fifty-two week low of $0.70 and a fifty-two week high of $2.43. The business has a fifty day simple moving average of $0.86 and a 200-day simple moving average of $1.12.

Quantum-Si (NASDAQ:QSI) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.18) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.03. The business had revenue of $0.79 million during the quarter, compared to analysts’ expectations of $1.06 million. Quantum-Si had a negative net margin of 5,249.65% and a negative return on equity of 33.02%. On average, sell-side analysts anticipate that Quantum-Si will post -0.71 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Quantum-Si in the first quarter worth approximately $998,000. Vanguard Group Inc. boosted its holdings in shares of Quantum-Si by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 5,300,685 shares of the company’s stock valued at $10,442,000 after purchasing an additional 82,463 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Quantum-Si during the 3rd quarter valued at $53,000. Virtu Financial LLC acquired a new stake in shares of Quantum-Si during the 1st quarter worth $98,000. Finally, Green Alpha Advisors LLC raised its position in shares of 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 during the period. Institutional investors and hedge funds 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.