Quantum-Si (NASDAQ:QSI) Given Buy Rating at HC Wainwright

Quantum-Si (NASDAQ:QSI)‘s stock had its “buy” rating reaffirmed by research analysts at HC Wainwright in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. They presently have a $4.00 price target on the stock. HC Wainwright’s price target points to a potential upside of 306.50% from the company’s current price.

A number of other research firms have also commented on QSI. Wall Street Zen upgraded Quantum-Si from a “sell” rating to a “hold” rating in a research report on Saturday, September 12th. Alliance Global Partners reissued a “buy” rating on shares of Quantum-Si in a research note on Friday, August 14th. Finally, Weiss Ratings upgraded Quantum-Si from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Quantum-Si currently has a consensus rating of “Hold” and a consensus target price of $2.50.

Quantum-Si Stock Performance

Shares of NASDAQ QSI traded up $0.19 during midday trading on Tuesday, reaching $0.98. 19,173,661 shares of the company traded hands, compared to its average volume of 4,397,676. The stock’s 50-day simple moving average is $0.77 and its 200-day simple moving average is $0.87. Quantum-Si has a 12 month low of $0.69 and a 12 month high of $3.10. The firm has a market cap of $215.38 million, a PE ratio of -2.15 and a beta of 3.25.

Quantum-Si (NASDAQ:QSI) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). The firm had revenue of $0.34 million during the quarter, compared to the consensus estimate of $0.30 million. Quantum-Si had a negative net margin of 6,138.26% and a negative return on equity of 47.12%. On average, equities research analysts expect that Quantum-Si will post -0.47 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC bought a new position in Quantum-Si in the first quarter valued at approximately $91,000. WINTON GROUP Ltd acquired a new position in shares of Quantum-Si in the 2nd quarter valued at $67,000. Green Alpha Advisors LLC bought a new position in shares of Quantum-Si in the 2nd quarter worth $41,000. Corient Private Wealth LP acquired a new stake in shares of Quantum-Si during the second quarter worth $34,000. Finally, Hollencrest Capital Management grew its stake in shares of Quantum-Si by 301.1% during the first quarter. Hollencrest Capital Management now owns 40,111 shares of the company’s stock worth $31,000 after purchasing an additional 30,111 shares during the period. 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 roles in biological systems. The company develops tools intended to help researchers identify and analyze proteins at the single-molecule level, supporting applications in drug discovery, translational research and precision medicine.

Its primary offering is the Platinum platform, which combines an automated instrument, proprietary sequencing technology, consumables and software for protein analysis.