Quantum-Si Incorporated (NASDAQ:QSI) traded at $1.91 at close of the session on Monday, March 18, made an upward move of 10.40% on its previous day’s price.
Looking at the stock we see that its previous close was $1.73 and the beta (5Y monthly) reads 3.05 . In terms of its 52-week price range, QSI has a high of $3.90 and a low of $1.12. The company’s stock has gained about 6.11% over that past 30 days.
Quantum-Si Incorporated has a market cap of $270.78 million and is expected to release its quarterly earnings report on May 09, 2024 – May 13, 2024. Estimates by analysts give the company expected earnings per share (EPS) of -$0.2, with the EPS growth for the year raised at -$0.79 for 2024 and -$0.79 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $430k, with a low of $400k and a high of $450k. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $4.08 million, or 277.10% up from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the QSI stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of 50% Buy.
Looking further, we note the current price level is 8.34% off its SMA20 and 11.22% from its 50-day simple moving average. The RSI (14) is pointing at 54.53 while the volatility over the past week is 8.84% and jumps to 10.62% over the past one month. The beta value is 3.04, while the average true range (ATR) is currently pointing at 0.20.
Coming back to Quantum-Si Incorporated (NASDAQ:QSI), we note that the average 3-month trading volume was 791.67K, while that of the preceding 10-day period stands at 1.49 million. Current shares outstanding are 121.83 million.
The insiders hold 29.72% of the company’s shares while institutions hold 33.31%. The data shows that short shares as of Feb 29, 2024, stood at 7.82 million at a short ratio of 12.98. This represents a 5.52% short interest in shares outstanding on Feb 29, 2024. Shares short rose in February from the previous month at 7.81 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -4.98% down in year-to-date price movement.
