QT Imaging (NASDAQ:QTI) Stock Price Up 14.6% – What’s Next?

QT Imaging Holdings, Inc. (NASDAQ:QTI)’s stock price shot up 14.6% during mid-day trading on Wednesday . The company traded as high as $0.56 and last traded at $0.55. 500,700 shares changed hands during mid-day trading, an increase of 46% from the average session volume of 341,845 shares. The stock had previously closed at $0.48.

QT Imaging Stock Performance

The company has a 50-day moving average of $0.47 and a 200 day moving average of $0.58.

Insider Transactions at QT Imaging

In related news, Chairman Avi S. Katz purchased 470,890 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was acquired at an average cost of $0.58 per share, for a total transaction of $273,116.20. Following the completion of the transaction, the chairman now directly owns 657,960 shares of the company’s stock, valued at approximately $381,616.80. This trade represents a 251.72 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director James S. Greene purchased 428,082 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was bought at an average cost of $0.58 per share, with a total value of $248,287.56. Following the acquisition, the director now owns 628,082 shares of the company’s stock, valued at approximately $364,287.56. The trade was a 214.04 % increase in their position. The disclosure for this purchase can be found here. Insiders own 75.40% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in QT Imaging stock. Atlas Merchant Capital LLC bought a new position in shares of QT Imaging Holdings, Inc. (NASDAQ:QTI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 45,000 shares of the company’s stock, valued at approximately $33,000. Atlas Merchant Capital LLC owned 0.21% of QT Imaging at the end of the most recent reporting period. Institutional investors and hedge funds own 24.19% of the company’s stock.

QT Imaging Company Profile

QT Imaging Holdings, Inc engages in the research, development, and commercialization of body imaging systems for detection, diagnosis, monitoring, and treatment of diseases. The company offers QT Ultrasound Breast Scanner, an ultrasonic imaging system that provides reflection-mode and transmission-mode images of a patient’s breast.