Quantum-Si Incorporated (NASDAQ:QSI) price on Thursday, May 22, rose 17.97% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.74.
A look at the stock’s price movement, the close in the last trading session was $1.48. Turning to its 52-week performance, $5.77 and $0.61 were the 52-week high and 52-week low respectively. Overall, QSI moved 48.72% over the past month.
Quantum-Si Incorporated’s market cap currently stands at around $319.29 million, with investors looking forward to this quarter’s earnings report slated for in June.
Analysts have a consensus estimate of 1.28M for the company’s revenue for the quarter, with a low and high estimate of 906k and 1.52M respectively. The average forecast suggests up to a 105.14% 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 5.38M, representing a 75.82% 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 Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
QSI’s current price about 28.34% and 33.22% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 64.15, while 7-day volatility ratio is 15.35% and 8.35% in the 30-day chart. Further, Quantum-Si Incorporated (QSI) has a beta value of 2.82, and an average true range (ATR) of 0.16. Analysts have given the company’s stock an average 52-week price target of $3.65, forecast between a low of $3.65 and high of $3.65. Looking at the price targets, the low is -109.77% off current price level while to achieve the yearly target high, price needs to move -109.77%. Nonetheless, investors will most likely welcome a -109.77% jump to $3.65 which is the analysts’ median price.
If we refocus on Quantum-Si Incorporated (NASDAQ:QSI), historical trading data shows that trading volumes averaged 6.51 million over the past 3 months. The company’s latest data on shares outstanding shows there are 163.56 million shares.
The 26.81% of Quantum-Si Incorporated’s shares are in the hands of company insiders while institutional holders own 27.85% of the company’s shares. Current price change has pushed the stock -35.56% 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.
