Quantum-Si Incorporated (QSI): What Are The Positives?

Quantum-Si Incorporated (NASDAQ:QSI) has a beta value of 3.20 and has seen 24.29 million shares traded in the last trading session. The company, currently valued at $203.43M, closed the last trade at $1.50 per share which meant it lost -$0.22 on the day or -12.79% during that session. The QSI stock price is -72.0% off its 52-week high price of $2.58 and 59.33% above the 52-week low of $0.61. If we look at the company’s 10-day average daily trading volume, we find that it stood at 17.13 million shares traded. The 3-month trading volume is 9.10 million shares.

Quantum-Si Incorporated (NASDAQ:QSI) trade information

Sporting -12.79% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the QSI stock price touched $1.50 or saw a rise of 41.86%. Year-to-date, Quantum-Si Incorporated shares have moved -25.37%, while the 5-day performance has seen it change -24.62%. Over the past 30 days, the shares of Quantum-Si Incorporated (NASDAQ:QSI) have changed 92.48%. Short interest in the company has seen 9.09 million shares shorted with days to cover at 0.53.

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Quantum-Si Incorporated (QSI) estimates and forecasts

Figures show that Quantum-Si Incorporated shares have outperformed across the wider relevant industry. The company’s shares have gained 12.78% over the past 6 months, with this year growth rate of 0.00%, compared to -0.90% for the industry. Revenue growth from the last financial year stood is estimated to be 189.05%.

2 analysts offering their estimates for the company have set an average revenue estimate of 1.29M for the current quarter. 2 have an estimated revenue figure of 1.45M for the next ending quarter. Year-ago sales stood 400k and 457k respectively for this quarter and the next, and analysts expect sales will grow by 223.63% for the current quarter and 189.05% for the next.

QSI Dividends

Quantum-Si Incorporated is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 19.85% of the company shares, while shares held by institutions stand at 36.00% with a share float percentage of 44.92%. Investors are also buoyed by the number of investors in a company, with Quantum-Si Incorporated having a total of 135.0 institutions that hold shares in the company. The top two institutional holders are ARK INVESTMENT MANAGEMENT LLC with over 12.41 million shares worth more than $13.03 million. As of 2024-06-30, ARK INVESTMENT MANAGEMENT LLC held 8.7534% of shares outstanding.

The other major institutional holder is SUMITOMO MITSUI TRUST HOLDINGS, INC., with the holding of over 7.86 million shares as of 2024-06-30. The firm’s total holdings are worth over $8.26 million and represent 5.5463% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are ARK ETF Tr-ARK Genomic Revolution ETF and Vanguard Total Stock Market Index Fund . As of Oct 31, 2024 , the former fund manager holds about 9.36% shares in the company for having 11.5 shares of worth $17.25 million while later fund manager owns 3.02 shares of worth $4.53 million as of Sep 30, 2024 , which makes it owner of about 2.46% of company’s outstanding stock.