Quantum-Si (NASDAQ:QSI) Trading Up 5.1% – Should You Buy?

Quantum-Si incorporated (NASDAQ:QSI)’s stock price shot up 5.1% during trading on Tuesday . The stock traded as high as $2.43 and last traded at $2.36. 8,333,727 shares were traded during mid-day trading, a decline of 85% from the average session volume of 55,535,711 shares. The stock had previously closed at $2.24.

Analysts Set New Price Targets

Several analysts recently commented on QSI shares. HC Wainwright restated a “buy” rating and issued a $5.50 target price on shares of Quantum-Si in a research report on Tuesday, January 14th. Canaccord Genuity Group decreased their price target on Quantum-Si from $1.50 to $1.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th.

Quantum-Si Trading Up 8.7 %

The stock has a market capitalization of $347.50 million, a PE ratio of -3.81 and a beta of 2.74. The firm’s 50-day simple moving average is $1.86 and its two-hundred day simple moving average is $1.25.

Insider Activity

In related news, Director Jonathan M. Rothberg sold 3,506,267 shares of the company’s 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 directly owns 1,250,000 shares in the company, valued at approximately $4,175,000. This represents a 73.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 30.04% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its position in shares of Quantum-Si by 6.7% during the third quarter. Geode Capital Management LLC now owns 2,316,921 shares of the company’s stock valued at $2,044,000 after purchasing an additional 145,091 shares during the period. Barclays PLC boosted its stake in shares of Quantum-Si by 210.5% in the 3rd quarter. Barclays PLC now owns 196,826 shares of the company’s stock valued at $173,000 after purchasing an additional 133,438 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Quantum-Si during the 3rd quarter worth about $53,000. Green Alpha Advisors LLC lifted its holdings in Quantum-Si by 35.4% during the 3rd quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company’s stock valued at $154,000 after purchasing an additional 45,796 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in Quantum-Si during the second quarter worth about $25,000. Institutional investors own 39.90% of the company’s stock.

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.