Quantum-Si (NASDAQ:QSI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Quantum-Si (NASDAQ:QSI) from a sell rating to a hold rating in a research report report published on Sunday,Wall Street Zen reports.

A number of other research analysts also recently commented on QSI. Alliance Global Partners reaffirmed a “buy” rating on shares of Quantum-Si in a research note on Friday, August 14th. HC Wainwright set a $4.00 price objective on shares of Quantum-Si in a report on Friday. Finally, Weiss Ratings raised shares of Quantum-Si from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 24th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Quantum-Si has a consensus rating of “Hold” and an average price target of $2.50.

Quantum-Si Stock Performance

Shares of QSI opened at $1.41 on Friday. Quantum-Si has a fifty-two week low of $0.69 and a fifty-two week high of $3.10. The company has a market capitalization of $308.62 million, a PE ratio of -3.07 and a beta of 3.21. The stock has a fifty day moving average of $0.89 and a two-hundred day moving average of $0.90.

Quantum-Si (NASDAQ:QSI) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.11). Quantum-Si had a negative return on equity of 47.12% and a negative net margin of 6,138.26%. The business had revenue of $0.34 million for the quarter, compared to analysts’ expectations of $0.30 million. As a group, equities research analysts forecast that Quantum-Si will post -0.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Quantum-Si

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC acquired a new position in shares of Quantum-Si in the 1st quarter valued at about $91,000. WINTON GROUP Ltd acquired a new stake in Quantum-Si during the second quarter worth about $67,000. Green Alpha Advisors LLC acquired a new stake in Quantum-Si during the second quarter worth about $41,000. Corient Private Wealth LP acquired a new stake in Quantum-Si during the second quarter worth about $34,000. Finally, IPG Investment Advisors LLC bought a new position in Quantum-Si in the second quarter worth about $27,000. 39.90% of the stock is currently owned by institutional investors and hedge funds.

Quantum-Si Company Profile

Quantum-Si Incorporated (NASDAQ:QSI) is a life sciences technology company focused on advancing proteomics, the study of proteins and their functions. The company develops tools intended to make protein analysis more accessible, scalable and cost-effective for researchers, pharmaceutical companies, biotechnology firms and academic institutions.

Its primary offering is the Platinum platform, which combines a benchtop protein sequencing instrument with single-use consumables and software.