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

Quantum-Si (NASDAQ:QSI)‘s stock had its “buy” rating reaffirmed by HC Wainwright in a research report issued on Tuesday, MarketBeat reports. They currently have a $4.00 price objective on the stock. HC Wainwright’s price target would indicate a potential upside of 302.82% from the company’s current price.

QSI has been the topic of a number of other reports. Alliance Global Partners reissued a “buy” rating on shares of Quantum-Si in a research note on Friday, August 14th. Weiss Ratings raised Quantum-Si from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday. Finally, Wall Street Zen raised Quantum-Si from a “sell” rating to a “hold” rating in a research note on Saturday, September 12th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $2.50.

Quantum-Si Stock Up 24.9%

Shares of NASDAQ QSI traded up $0.20 during trading on Tuesday, reaching $0.99. The company had a trading volume of 14,404,700 shares, compared to its average volume of 4,353,555. The company’s fifty day moving average price is $0.77 and its 200-day moving average price is $0.87. Quantum-Si has a 12 month low of $0.69 and a 12 month high of $3.10. The stock has a market cap of $217.35 million, a P/E ratio of -2.20 and a beta of 3.25.

Quantum-Si (NASDAQ:QSI) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.11) EPS for the quarter, meeting analysts’ consensus estimates of ($0.11). Quantum-Si had a negative return on equity of 47.12% and a negative net margin of 6,138.26%.The firm had revenue of $0.34 million for the quarter, compared to analyst estimates of $0.30 million. As a group, equities analysts predict that Quantum-Si will post -0.47 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC acquired a new position in Quantum-Si during the 1st quarter worth approximately $91,000. WINTON GROUP Ltd acquired a new position in Quantum-Si during the 2nd quarter worth approximately $67,000. Green Alpha Advisors LLC bought a new stake in Quantum-Si during the 2nd quarter worth approximately $41,000. Hollencrest Capital Management increased its holdings in Quantum-Si by 301.1% during the 1st quarter. Hollencrest Capital Management now owns 40,111 shares of the company’s stock worth $31,000 after purchasing an additional 30,111 shares in the last quarter. Finally, Corient Private Wealth LP bought a new stake in Quantum-Si during the 2nd quarter worth approximately $34,000. 39.90% of the stock is owned by institutional investors and hedge funds.

Quantum-Si Company Profile

Quantum-Si Incorporated (NASDAQ:QSI) is a life sciences technology company focused on advancing proteomics, the study of proteins and their roles in biological systems. The company develops tools intended to help researchers identify and analyze proteins at the single-molecule level, supporting applications in drug discovery, translational research and precision medicine.

Its primary offering is the Platinum platform, which combines an automated instrument, proprietary sequencing technology, consumables and software for protein analysis.