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

Quantum-Si Incorporated (NASDAQ:QSI) has a beta value of 2.77 and has seen 62.53 million shares traded in the last trading session. The company, currently valued at $589.25M, closed the last trade at $4.10 per share which meant it lost -$0.19 on the day or -4.43% during that session. The QSI stock price is -40.73% off its 52-week high price of $5.77 and 85.12% 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 81.23 million shares traded. The 3-month trading volume is 23.48 million shares.

Quantum-Si Incorporated (NASDAQ:QSI) trade information

Sporting -4.43% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the QSI stock price touched $4.10 or saw a rise of 28.94%. Year-to-date, Quantum-Si Incorporated shares have moved 51.85%, while the 5-day performance has seen it change 13.89%. Over the past 30 days, the shares of Quantum-Si Incorporated (NASDAQ:QSI) have changed 230.65%. Short interest in the company has seen 11.27 million shares shorted with days to cover at 0.44.

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 329.00% over the past 6 months, with this year growth rate of 0.00%, compared to -1.50% 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 February 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 17.00% of the company shares, while shares held by institutions stand at 35.99% with a share float percentage of 43.36%. Investors are also buoyed by the number of investors in a company, with Quantum-Si Incorporated having a total of 134.0 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.