Quantum-Si Incorporated (NASDAQ:QSI) price closed lower on Monday, June 09, and dropping -1.72% below its previous close.
A look at the daily price movement shows that the last close reads $1.74. Taking into account the 52-week price action we note that the stock hit a 52-week high of $5.77 and 52-week low of $0.61. The stock added 28.57% on its value in the past month.
Quantum-Si Incorporated, which has a market valuation of $313.79 million, is expected to release its quarterly earnings report in July.
On average, analysts have forecast the company’s revenue for the quarter will hit 1.28M, with the likely lows of 906k and highs of 1.52M. The average estimate suggests sales growth for the quarter will likely rise by 105.14% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of 5.38M for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow 75.82% above that which the company brought in the current year earning report.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give QSI a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that QSI’s price is at present 3.56% off the SMA20 and 24.23% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 55.78, with weekly volatility standing at 7.12%. The indicator jumps to 8.77% when calculated based on the past 30 days. Quantum-Si Incorporated (NASDAQ:QSI)’s beta value is holding at 2.91, while the average true range (ATR) indicator is currently reading 0.16. Considering analysts have assigned the stock a price target range of $3.65-$3.65 as the low and high respectively, we find the trailing 12-month average consensus price target to be $3.65. Based on this estimate, we see that current price is roughly -113.45% off the estimated low and -113.45% off the forecast high. Investors will no doubt be excited to see the share price fall to $3.65, which is the median consensus price, and at that level QSI would be -113.45% from current price.
An analysis of the Quantum-Si Incorporated (NASDAQ:QSI) stock in terms of its daily trading volume indicates that the 3-month average is 7.44 million.
Current records show that the company has 163.56M in outstanding shares. The insiders’ percentage holdings are 25.89% of outstanding shares while the percentage share held by institutions stands at 27.85%. But the -36.67% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
