HC Wainwright Estimates Quantum-Si FY2029 Earnings

Quantum-Si incorporated (NASDAQ:QSI) – HC Wainwright issued their FY2029 earnings estimates for shares of Quantum-Si in a research note issued on Tuesday, March 4th. HC Wainwright analyst S. Ramakanth anticipates that the company will earn $0.23 per share for the year. HC Wainwright currently has a “Buy” rating and a $5.50 target price on the stock. The consensus estimate for Quantum-Si’s current full-year earnings is ($0.65) per share.

Several other analysts have also recently issued reports on QSI. Alliance Global Partners started coverage on shares of Quantum-Si in a research note on Friday, February 7th. They set a “buy” rating and a $3.75 price objective for the company. Canaccord Genuity Group lowered their price target on Quantum-Si from $1.50 to $1.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th.

Quantum-Si Stock Performance

Shares of QSI stock opened at $1.29 on Wednesday. The firm has a market capitalization of $183.39 million, a price-to-earnings ratio of -2.01 and a beta of 2.75. Quantum-Si has a one year low of $0.61 and a one year high of $5.77. The company has a 50 day moving average price of $2.22 and a 200 day moving average price of $1.45.

Insiders Place Their Bets

In other Quantum-Si news, Director Jonathan M. Rothberg sold 3,506,267 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 1,250,000 shares of the company’s stock, valued at $4,175,000. This trade represents a 73.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 30.04% of the stock is owned by insiders.

Institutional Investors Weigh In On Quantum-Si

Hedge funds have recently modified their holdings of the stock. Wolverine Asset Management LLC purchased a new position in Quantum-Si in the 4th quarter worth approximately $26,000. Abel Hall LLC acquired a new position in shares of Quantum-Si during the fourth quarter worth $28,000. Dudley Capital Management LLC purchased a new position in shares of Quantum-Si in the fourth quarter valued at $30,000. Jump Financial LLC acquired a new stake in Quantum-Si during the 4th quarter valued at $33,000. Finally, Cetera Investment Advisers purchased a new stake in Quantum-Si during the 4th quarter worth $36,000. 39.90% of the stock is currently owned by hedge funds and other institutional investors.

About Quantum-Si

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.