The trading price of Quantum-Si Incorporated (NASDAQ:QSI) closed higher on Friday, December 06, and closing at $1.33, 10.83% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $1.16 and $1.37. In examining the 52-week price action we see that the stock hit a 52-week high of $2.43 and a 52-week low of $0.61. Over the past month, the stock has gained 47.88% in value.
Quantum-Si Incorporated, whose market valuation is $210.37 million at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.19 per share this quarter, however they have predicted annual earnings per share of -0.62 for current year and -0.83 for next year.
Analysts have forecast the company to bring in revenue of 1.29M for the current quarter, with the likely lows of 1.1M and highs of 1.49M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 3.13M.
On the technical side, indicators suggest QSI has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that QSI’s price is currently 23.44% off the SMA20 and 44.66% off the SMA50. The RSI metric on the 14-day chart is currently showing 58.77, and weekly volatility stands at 14.48%. When measured over the past 30 days, the indicator reaches 17.62%. Quantum-Si Incorporated (NASDAQ:QSI)’s beta value is currently sitting at 3.23, while the Average True Range indicator is currently displaying 0.19.
To see how Quantum-Si Incorporated stock has been performing in comparison to its peers in the industry, here are the numbers: QSI stock’s performance was 10.83% in the latest trading, and -15.29% in the past year.
An evaluation of the daily trading volume of Quantum-Si Incorporated (NASDAQ:QSI) indicates that the 3-month average is 6.85 million. However, this figure has increased over the past 10 days to an average of 11.28.
Currently, records show that 122.78 million of the company’s shares remain outstanding. The insiders hold 31.72% of outstanding shares, whereas institutions hold 35.89%. The stats also highlight that short interest as of 2024-11-15, stood at 5.14 million shares, resulting in a short ratio of 7.98 at that time. From this, we can conclude that short interest is 595.00 of the company’s total outstanding shares. It is noteworthy that short shares in November were down slightly from the previous month’s figure, which was 5.91 million. However, since the stock’s price has seen -33.83% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
