Quantum-Si Incorporated (NASDAQ:QSI) price on Thursday, December 26, rose 65.38% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.15.
A look at the stock’s price movement, the close in the last trading session was $1.30, moving within a range at $1.26 and $2.39. The beta value (5-Year monthly) was 2.928. Turning to its 52-week performance, $2.58 and $0.61 were the 52-week high and 52-week low respectively. Overall, QSI moved 56.93% over the past month.
Quantum-Si Incorporated’s market cap currently stands at around $306.84 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 1.29M for the company’s revenue for the quarter, with a low and high estimate of 1.1M and 1.49M respectively. The average forecast suggests up to a 223.63% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.13M, representing a 189.05% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that QSI is a 100% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
QSI’s current price about 45.17% and 91.16% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 66.83, while 7-day volatility ratio is 27.55% and 23.94% in the 30-day chart. Further, Quantum-Si Incorporated (QSI) has a beta value of 3.22, and an average true range (ATR) of 0.33.
If we refocus on Quantum-Si Incorporated (NASDAQ:QSI), historical trading data shows that trading volumes averaged 19.79 over the past 10 days and 11.12 million over the past 3 months. The company’s latest data on shares outstanding shows there are 122.78 million shares.
The 31.66% of Quantum-Si Incorporated’s shares are in the hands of company insiders while institutional holders own 35.89% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 9.09 million on 2024-11-29, giving us a short ratio of 0.53. The data shows that as of 2024-11-29 short interest in Quantum-Si Incorporated (QSI) stood at 1052.0001 of shares outstanding, with shares short rising to 5.9 million registered in 2024-10-31. Current price change has pushed the stock 6.97% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the QSI stock continues to rise going into the next quarter.
