In the latest trading session, 3.29 million Quantum-Si Incorporated (NASDAQ:QSI) shares changed hands as the company’s beta touched 3.23. With the company’s most recent per share price at $1.21 changed hands at -$0.04 or -3.60% at last look, the market valuation stands at $188.56M. QSI’s current price is a discount, trading about -100.83% off its 52-week high of $2.43. The share price had its 52-week low at $0.61, which suggests the last value was 49.59% up since then. When we look at Quantum-Si Incorporated’s average trading volume, we note the 10-day average is 38.72 million shares, with the 3-month average coming to 6.48 million.
Quantum-Si Incorporated (NASDAQ:QSI) trade information
Instantly QSI was in red as seen in intraday trades today. With action -25.62%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -40.05%, with the 5-day performance at -25.62% in the red. However, in the 30-day time frame, Quantum-Si Incorporated (NASDAQ:QSI) is 71.90% up. Looking at the short shares, we see there were 5.14 million shares sold at short interest cover period of 7.98 days.
Quantum-Si Incorporated (QSI) estimates and forecasts
Data shows that the Quantum-Si Incorporated share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -19.67% over the past 6 months, a 0.00% in annual growth rate that is considerably higher than the industry average of -3.00%. Year-over-year growth is forecast to reach 189.05% 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 1.29M. 2 analysts are of the opinion that Quantum-Si Incorporated’s revenue for the current quarter will be 1.45M. The company’s revenue for the corresponding quarters a year ago was 400k and 457k respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 223.63%. The estimates for the next quarter sales put growth at 217.29%.
The 2024 estimates are for Quantum-Si Incorporated earnings to increase by 6.62%.
QSI Dividends
Quantum-Si Incorporated is expected to release its next quarterly earnings report in January.
Quantum-Si Incorporated (NASDAQ:QSI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 19.85% of Quantum-Si Incorporated shares while 36.04% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 44.97%. There are 36.04% 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.
