Quantum-Si Incorporated (NASDAQ:QSI) shares, rose in value on Thursday, January 02, with the stock price up by 57.78% to the previous day’s close as strong demand from buyers drove the stock to $4.26.
Actively observing the price movement in the last trading, the stock closed the session at $2.70, falling within a range of $2.47 and $4.4388. The value of beta (5-year monthly) was 2.928. Referring to stock’s 52-week performance, its high was $4.14, and the low was $0.61. On the whole, QSI has fluctuated by 273.68% over the past month.
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With the market capitalization of Quantum-Si Incorporated currently standing at about $607.95 million, investors are eagerly awaiting this quarter’s results, scheduled for in February.
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 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy 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 119.25% and 218.34% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 73.49, while the 7-day volatility ratio is showing 55.97% which for the 30-day chart, stands at 29.85%. Furthermore, Quantum-Si Incorporated (QSI)’s beta value is 2.78, and its average true range (ATR) is 0.61.
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 57.78% in last session, and over the past year, it grew by 109.85%%.
Data on historical trading for Quantum-Si Incorporated (NASDAQ:QSI) indicates that the trading volumes over the past 10 days have averaged 57.22 and over the past 3 months, they’ve averaged 18.40 million. According to company’s latest data on outstanding shares, there are 122.78 million shares outstanding.
Nearly 31.66% of Quantum-Si Incorporated’s shares belong to company insiders and institutional investors own 35.91% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.27 million shares as on 2024-12-13, resulting in a short ratio of 0.44. According to the data, the short interest in Quantum-Si Incorporated (QSI) stood at 1304.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 5.14 million. The stock has risen by 57.78% 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.
