Stocks of Quantum-Si Incorporated (NASDAQ:QSI) traded higher last session on Wall Street, up 12.06% to $0.94.
QSI stock price is now -40.65% away from the 50-day moving average and -43.31% away from the 200-day moving average. The market capitalization of the company currently stands at $133.31M.
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With the price target of $3, H.C. Wainwright recently initiated with Buy rating for Quantum-Si Incorporated (NASDAQ: QSI). On September 25, 2023, Canaccord Genuity Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $3.50 to quote $2
In other news, Johnston Grace, Chief Commercial Officer sold 3,169 shares of the company’s stock on Jun 24 ’24. The stock was sold for $3,790 at an average price of $1.20. Upon completion of the transaction, the Chief Commercial Officer now directly owns 295,940 shares in the company, valued at $0.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 21 ’24, Chief Commercial Officer Johnston Grace sold 4,359 shares of the business’s stock. A total of $5,262 was realized by selling the stock at an average price of $1.21. This leaves the insider owning 299,109 shares of the company worth $0.28 million. A total of 31.89% of the company’s stock is owned by insiders.
During the past 12 months, Quantum-Si Incorporated has had a low of $0.73 and a high of $3.90. As of last week, the company has a debt-to-equity ratio of 0.06, a current ratio of 30.65, and a quick ratio of 30.03. The fifty day moving average price for QSI is $1.56978 and a two-hundred day moving average price translates $1.65137 for the stock.
The latest earnings results from Quantum-Si Incorporated (NASDAQ: QSI) was released for 2024-03-31. The net profit margin was -7145.76% and return on equity was -30.98% for QSI. The company reported revenue of $0.46 million for the quarter, compared to $0.25 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 79.92 percent.
