Quantum-Si incorporated (NASDAQ:QSI) shares, rose in value on Thursday, 06/23/22, with the stock price up by 1.68% to the previous day’s close as strong demand from buyers drove the stock to $3.02.
Actively observing the price movement in the last trading, the stock closed the session at $2.97, falling within a range of $2.87 and $3.05. Referring to stock’s 52-week performance, its high was $14.17, and the low was $2.69. On the whole, QSI has fluctuated by -23.54% over the past month.
With the market capitalization of Quantum-Si incorporated currently standing at about $426.79 million, investors are eagerly awaiting this quarter’s results, scheduled for Nov 10, 2021. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.27, which is expected to increase to -$0.28 for fiscal year -$1.1 and then to about -$0.83 by fiscal year 2023. Data indicates that the EPS growth is expected to be 7.60% in 2023, while the next year’s EPS growth is forecast to be 24.50%.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that QSI’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of QSI currently trading nearly -17.90% and -22.44% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.46, while the 7-day volatility ratio is showing 11.54% which for the 30-day chart, stands at 9.74%. Furthermore, Quantum-Si incorporated (QSI)’s average true range (ATR) is 0.35.
Data on historical trading for Quantum-Si incorporated (NASDAQ:QSI) indicates that the trading volumes over the past 3 months, they’ve averaged 818.14K. According to company’s latest data on outstanding shares, there are 138.62 million shares outstanding.
Nearly 2.90% of Quantum-Si incorporated’s shares belong to company insiders and institutional investors own 38.70% of the company’s shares. The stock has fallen by -61.63% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the QSI stock heading into the next quarter.