Quantum-Si (NASDAQ:QSI) Stock Price Down 11.8% – What’s Next?

Quantum-Si incorporated (NASDAQ:QSIGet Free Report)’s stock price fell 11.8% during trading on Monday . The stock traded as low as $2.20 and last traded at $2.24. 23,045,930 shares were traded during trading, a decline of 57% from the average session volume of 53,240,412 shares. The stock had previously closed at $2.54.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on QSI shares. Canaccord Genuity Group decreased their price target on Quantum-Si from $1.50 to $1.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. HC Wainwright reissued a “buy” rating and set a $5.50 price target on shares of Quantum-Si in a research report on Tuesday, January 14th.

Get Our Latest Research Report on QSI

Quantum-Si Price Performance

The company has a fifty day moving average price of $1.89 and a 200 day moving average price of $1.26. The company has a market cap of $348.21 million, a PE ratio of -3.81 and a beta of 2.74.

Insider Activity

In other Quantum-Si news, Director Jonathan M. Rothberg sold 3,506,267 shares of the stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $3.34, for a total value of $11,710,931.78. Following the completion of the sale, the director now owns 1,250,000 shares in the company, valued at approximately $4,175,000. This trade represents a 73.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 30.04% of the stock is currently owned by corporate insiders.

Institutional Trading of Quantum-Si

Several large investors have recently bought and sold shares of QSI. Bank of New York Mellon Corp lifted its holdings in shares of Quantum-Si by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 322,460 shares of the company’s stock valued at $339,000 after purchasing an additional 10,811 shares during the last quarter. XTX Topco Ltd bought a new position in Quantum-Si in the 2nd quarter worth about $25,000. SG Americas Securities LLC purchased a new stake in Quantum-Si during the 3rd quarter valued at about $53,000. Green Alpha Advisors LLC increased its stake in Quantum-Si by 35.4% during the 3rd quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company’s stock valued at $154,000 after purchasing an additional 45,796 shares in the last quarter. Finally, Barclays PLC raised its holdings in Quantum-Si by 210.5% in the third quarter. Barclays PLC now owns 196,826 shares of the company’s stock worth $173,000 after buying an additional 133,438 shares during the last quarter. 39.90% of the stock is owned by institutional investors.

About Quantum-Si

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Quantum-Si incorporated, a life sciences company, engages in the development of single-molecule detection platform to enable Next Generation Protein Sequencing (NGPS). The company's platform is comprised of the Platinum NGPS instrument; the Platinum Analysis Software service; and reagent kits and semiconductor chips for use with its instruments.

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