Quantum-Si Incorporated (NASDAQ:QSI) Drops -24.46%, But A Strong Recovery May Be Imminent

In last trading session, Quantum-Si Incorporated (NASDAQ:QSI) saw 49.41 million shares changing hands with its beta currently measuring 2.76. Company’s recent per share price level of $2.64 trading at -$0.85 or -24.46% at ring of the bell on the day assigns it a market valuation of $418.01M. That closing price of QSI’s stock is at a discount of -118.56% from its 52-week high price of $5.77 and is indicating a premium of 76.89% from its 52-week low price of $0.61. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 92.09 million shares which gives us an average trading volume of 25.04 million if we extend that period to 3-months.

Quantum-Si Incorporated (NASDAQ:QSI) trade information

Upright in the red during last session for losing -24.46%, in the last five days QSI remained trading in the red while hitting it’s week-highest on Friday, 01/03/25 when the stock touched $2.64 price level, adding 54.25% to its value on the day. Quantum-Si Incorporated’s shares saw a change of -2.22% in year-to-date performance and have moved -2.22% in past 5-day. Quantum-Si Incorporated (NASDAQ:QSI) showed a performance of 98.50% in past 30-days. Number of shares sold short was 11.27 million shares which calculate 0.44 days to cover the short interests.

Quantum-Si Incorporated (QSI) estimates and forecasts

Statistics highlight that Quantum-Si Incorporated is scoring comparatively higher than the scores of other players of the relevant industry. The company added 193.43% of value to its shares in past 6 months, showing an annual growth rate of 0.00% while that of industry is -1.50. This year revenue growth is estimated to rise 189.05% from the last financial year’s standing.

2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.29M for the same. And 2 analysts are in estimates of company making revenue of 1.45M in the next quarter. Company posted 400k and 457k of sales in current and next quarters respectively a year earlier.

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

Insiders are in possession of 12.90% of company’s total shares while institution are holding 27.30 percent of that, with stock having share float percentage of 31.35%. Investors also watch the number of corporate investors in a company very closely, which is 27.30% institutions for Quantum-Si Incorporated that are currently holding shares of the company. ARK INVESTMENT MANAGEMENT LLC is the top institutional holder at QSI for having 12.41 million shares of worth $13.03 million. And as of 2024-06-30, it was holding 8.7534 of the company’s outstanding shares.

The second largest institutional holder is SUMITOMO MITSUI TRUST HOLDINGS, INC., which was holding about 7.86 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.5463 of outstanding shares, having a total worth of $8.26 million.