Quantum-Si (NASDAQ:QSI) Trading Down 2.8%

Quantum-Si incorporated (NASDAQ:QSI)’s share price traded down 2.8% during trading on Friday . The company traded as low as $0.90 and last traded at $0.93. 835,473 shares traded hands during mid-day trading, an increase of 7% from the average session volume of 777,782 shares. The stock had previously closed at $0.96.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reiterated a “buy” rating and issued a $4.00 target price on shares of Quantum-Si in a report on Friday, May 10th.

Quantum-Si Price Performance

The firm has a market capitalization of $131.79 million, a P/E ratio of -1.43 and a beta of 2.89. The stock’s fifty day simple moving average is $1.49 and its 200 day simple moving average is $1.67.

Quantum-Si (NASDAQ:QSI) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.09. Quantum-Si had a negative net margin of 7,145.76% and a negative return on equity of 31.50%. The firm had revenue of $0.46 million for the quarter, compared to the consensus estimate of $0.45 million. During the same quarter in the prior year, the company posted ($0.17) earnings per share. As a group, sell-side analysts forecast that Quantum-Si incorporated will post -0.81 EPS for the current fiscal year.

Hedge Funds Weigh In On Quantum-Si

Several hedge funds have recently modified their holdings of the stock. ARK Investment Management LLC increased its holdings in Quantum-Si by 7.4% in the 4th quarter. ARK Investment Management LLC now owns 15,519,322 shares of the company’s stock worth $31,194,000 after buying an additional 1,071,105 shares during the period. Cookson Peirce & Co. Inc. acquired a new position in Quantum-Si in the 4th quarter worth approximately $101,000. General American Investors Co. Inc. increased its holdings in Quantum-Si by 146.8% in the 4th quarter. General American Investors Co. Inc. now owns 294,350 shares of the company’s stock worth $592,000 after buying an additional 175,100 shares during the period. Green Alpha Advisors LLC increased its holdings in Quantum-Si by 209.2% in the 4th quarter. Green Alpha Advisors LLC now owns 131,785 shares of the company’s stock worth $265,000 after buying an additional 89,163 shares during the period. Finally, TIG Advisors LLC acquired a new position in Quantum-Si in the 4th quarter worth approximately $166,000. 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.