Quantum-Si (NASDAQ:QSI) Sets New 52-Week High – Time to Buy?

Shares of Quantum-Si incorporated (NASDAQ:QSI) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $5.32 and last traded at $5.09, with a volume of 49363891 shares changing hands. The stock had previously closed at $4.26.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on QSI. HC Wainwright increased their price target on Quantum-Si from $4.00 to $5.50 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Canaccord Genuity Group dropped their target price on Quantum-Si from $1.50 to $1.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th.

Quantum-Si Trading Up 17.6 %

The stock has a fifty day moving average of $1.39 and a 200-day moving average of $1.11. The firm has a market capitalization of $714.99 million, a price-to-earnings ratio of -7.83 and a beta of 3.20.

Insider Activity at Quantum-Si

In other Quantum-Si news, Director Jonathan M. Rothberg sold 3,506,267 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $4,175,000. The trade was a 73.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 30.04% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Quantum-Si

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QSI. Geode Capital Management LLC grew its holdings in Quantum-Si by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,316,921 shares of the company’s stock valued at $2,044,000 after buying an additional 145,091 shares during the last quarter. Barclays PLC grew its stake in shares of Quantum-Si by 210.5% in the third quarter. Barclays PLC now owns 196,826 shares of the company’s stock worth $173,000 after acquiring an additional 133,438 shares during the last quarter. SG Americas Securities LLC bought a new position in Quantum-Si during the third quarter worth $53,000. Green Alpha Advisors LLC raised its stake 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 in the 2nd quarter valued at $25,000. 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.