FY2024 EPS Estimates for Quantum-Si Boosted by HC Wainwright

Quantum-Si incorporated (NASDAQ:QSI) – Stock analysts at HC Wainwright upped their FY2024 EPS estimates for Quantum-Si in a research note issued on Wednesday, November 13th. HC Wainwright analyst S. Ramakanth now forecasts that the company will post earnings of ($0.65) per share for the year, up from their prior estimate of ($0.71). HC Wainwright currently has a “Buy” rating and a $4.00 price objective on the stock. The consensus estimate for Quantum-Si’s current full-year earnings is ($0.65) per share. HC Wainwright also issued estimates for Quantum-Si’s Q4 2024 earnings at ($0.18) EPS, Q1 2025 earnings at ($0.18) EPS, Q2 2025 earnings at ($0.17) EPS, Q3 2025 earnings at ($0.17) EPS, Q4 2025 earnings at ($0.17) EPS, FY2025 earnings at ($0.69) EPS, FY2026 earnings at ($0.56) EPS, FY2027 earnings at ($0.42) EPS and FY2028 earnings at ($0.22) EPS.

Separately, Canaccord Genuity Group decreased their target price on shares of 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 Stock Performance

NASDAQ QSI opened at $0.73 on Monday. The firm’s fifty day moving average price is $0.85 and its two-hundred day moving average price is $1.10. The stock has a market cap of $104.53 million, a PE ratio of -1.15 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.

Hedge Funds Weigh In On Quantum-Si

A number of hedge funds have recently modified their holdings of the business. Geode Capital Management LLC lifted its holdings 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 worth $2,044,000 after purchasing an additional 145,091 shares during the period. Barclays PLC lifted its holdings in shares of Quantum-Si by 210.5% during the third quarter. Barclays PLC now owns 196,826 shares of the company’s stock worth $173,000 after purchasing an additional 133,438 shares during the period. XTX Topco Ltd lifted its holdings in shares of Quantum-Si by 81.3% during the third quarter. XTX Topco Ltd now owns 43,812 shares of the company’s stock worth $39,000 after purchasing an additional 19,651 shares during the period. Green Alpha Advisors LLC lifted its holdings in shares of Quantum-Si by 35.4% during the third quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company’s stock worth $154,000 after purchasing an additional 45,796 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Quantum-Si during the third quarter worth $53,000. Institutional investors and hedge funds 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.