Quantum-Si Incorporated (NASDAQ:QSI) shares, rose in value on Wednesday, November 20, with price up by 119.59% to the previous day’s close as strong demand from buyers drove the stock to $1.39.
Actively observing the price movement in the last trading, the stock closed the session at $0.63, falling within a range of $1.24 and $1.89. The value of beta (5-year monthly) was 2.928. Referring to stock’s 52-week performance, its high was $2.43, and the low was $0.61. On the whole, QSI has fluctuated by 73.73% over the past month.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
With the market capitalization of Quantum-Si Incorporated currently standing at about $198.38 million, investors are eagerly awaiting this quarter’s results, scheduled for in December.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that QSI’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of QSI currently trading nearly 69.69% and 63.45% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 72.30, while the 7-day volatility ratio is showing 20.58% which for the 30-day chart, stands at 11.16%. Furthermore, Quantum-Si Incorporated (QSI)’s beta value is 2.89, and its average true range (ATR) is 0.16.
A comparison of Quantum-Si Incorporated (QSI) with its peers suggests the former has fared considerably weaker in the market. QSI showed an intraday change of 119.59% in last session, and over the past year, it shrunk by -12.03%%.
Data on historical trading for Quantum-Si Incorporated (NASDAQ:QSI) indicates that the trading volumes over the past 10 days have averaged 0.93 and over the past 3 months, they’ve averaged 541.54K. According to company’s latest data on outstanding shares, there are 121.83 million shares outstanding.
Nearly 31.72% of Quantum-Si Incorporated’s shares belong to company insiders and institutional investors own 35.93% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.9 million shares as on 2024-10-31, resulting in a short ratio of 12.65. According to the data, the short interest in Quantum-Si Incorporated (QSI) stood at 685.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 6.1 million. The stock has fallen by -30.85% 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.
