Now Is The Time To Build A Position In Quantum-Si Incorporated (NASDAQ:QSI)

In the last trading session, 1.48 million Quantum-Si Incorporated (NASDAQ:QSI) shares changed hands as the company’s beta touched 3.06. With the company’s per share price at $0.78 changed hands at -$0.22 or -22.43% during last session, the market valuation stood at $110.37M. QSI’s last price was a discount, traded about -211.54% off its 52-week high of $2.43. The share price had its 52-week low at $0.70, which suggests the last value was 10.26% up since then. When we look at Quantum-Si Incorporated’s average trading volume, we note the 10-day average is 0.63 million shares, with the 3-month average coming to 493.15K.

Quantum-Si Incorporated (NASDAQ:QSI) trade information

Instantly QSI was in red as seen at the end of in last trading. With action -8.56%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -61.43%, with the 5-day performance at -8.56% in the red. However, in the 30-day time frame, Quantum-Si Incorporated (NASDAQ:QSI) is -4.30% down. Looking at the short shares, we see there were 5.91 million shares sold at short interest cover period of 13.44 days.

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Quantum-Si Incorporated (QSI) estimates and forecasts

Data shows that the Quantum-Si Incorporated share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -57.63% over the past 6 months, a -9.23% in annual growth rate that is considerably lower than the industry average of -2.40%. Year-over-year growth is forecast to reach 266.90% up from the last financial year.

Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 1.08M. 2 analysts are of the opinion that Quantum-Si Incorporated’s revenue for the current quarter will be 1.79M. The estimates for the next quarter sales put growth at 347.50%.

The 2024 estimates are for Quantum-Si Incorporated earnings to increase by 2.21%.

QSI Dividends

Quantum-Si Incorporated is expected to release its next quarterly earnings report in December.

Quantum-Si Incorporated (NASDAQ:QSI)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 19.91% of Quantum-Si Incorporated shares while 36.41% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 45.46%. There are 36.41% institutions holding the Quantum-Si Incorporated stock share, with ARK INVESTMENT MANAGEMENT LLC the top institutional holder. As of 2024-06-30, the company held 8.7534% of the shares, roughly 12.41 million QSI shares worth $13.03 million.

SUMITOMO MITSUI TRUST HOLDINGS, INC. holds the second largest percentage of outstanding shares, with 5.5463% or 7.86 million shares worth $8.26 million as of 2024-06-30.