Quantum-Si (NASDAQ:QSI) Given Buy Rating at HC Wainwright

Quantum-Si (NASDAQ:QSI)‘s stock had its “buy” rating reaffirmed by research analysts at HC Wainwright in a research note issued on Wednesday,Benzinga reports. They currently have a $4.00 price objective on the stock. HC Wainwright’s price objective suggests a potential upside of 413.28% from the stock’s current price.

Separately, Canaccord Genuity Group reduced their target price on Quantum-Si from $1.50 to $1.00 and set a “hold” rating for the company in a report on Wednesday.

Quantum-Si Trading Down 1.5 %

Shares of NASDAQ:QSI opened at $0.78 on Wednesday. The business’s 50-day simple moving average is $0.86 and its 200 day simple moving average is $1.11. Quantum-Si has a one year low of $0.70 and a one year high of $2.43.

Quantum-Si (NASDAQ:QSI) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.03. The business had revenue of $0.79 million during the quarter, compared to the consensus estimate of $1.06 million. Quantum-Si had a negative net margin of 3,968.84% and a negative return on equity of 36.96%. On average, analysts expect that Quantum-Si will post -0.71 earnings per share for the current year.

Institutional Trading of Quantum-Si

Institutional investors and hedge funds have recently modified their holdings of the company. Jacobs Levy Equity Management Inc. acquired a new stake in Quantum-Si in the 1st quarter valued at $998,000. Vanguard Group Inc. grew its stake in shares of Quantum-Si by 1.6% during the first quarter. Vanguard Group Inc. now owns 5,300,685 shares of the company’s stock valued at $10,442,000 after purchasing an additional 82,463 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Quantum-Si during the third quarter worth $53,000. Virtu Financial LLC acquired a new position in Quantum-Si during the 1st quarter valued at about $98,000. Finally, Green Alpha Advisors LLC grew its holdings in Quantum-Si by 35.4% during the 3rd quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company’s stock worth $154,000 after acquiring an additional 45,796 shares during the period. 39.90% of the stock is currently owned by 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.