Stock Traders Purchase High Volume of Call Options on Quantum-Si (NASDAQ:QSI)

Quantum-Si incorporated (NASDAQ:QSI) saw some unusual options trading activity on Wednesday. Investors purchased 6,305 call options on the company. This is an increase of approximately 551% compared to the typical volume of 968 call options.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on QSI shares. Canaccord Genuity Group reduced their price objective on Quantum-Si from $1.50 to $1.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th. HC Wainwright raised their price target on Quantum-Si from $4.00 to $5.50 and gave the stock a “buy” rating in a research report on Thursday, November 21st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Quantum-Si by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 5,300,685 shares of the company’s stock worth $10,442,000 after purchasing an additional 82,463 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Quantum-Si by 6.7% during the third quarter. Geode Capital Management LLC now owns 2,316,921 shares of the company’s stock valued at $2,044,000 after buying an additional 145,091 shares during the last quarter. Bank of New York Mellon Corp boosted its position 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 buying an additional 10,811 shares during the last quarter. Barclays PLC increased its holdings in Quantum-Si by 210.5% in the 3rd quarter. Barclays PLC now owns 196,826 shares of the company’s stock worth $173,000 after buying an additional 133,438 shares in the last quarter. Finally, Green Alpha Advisors LLC lifted 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 acquiring an additional 45,796 shares during the period. Hedge funds and other institutional investors own 39.90% of the company’s stock.

Quantum-Si Price Performance

QSI stock traded down $0.11 during trading on Wednesday, reaching $2.15. The company had a trading volume of 18,691,962 shares, compared to its average volume of 2,767,424. The business has a 50 day moving average of $0.97 and a 200 day moving average of $1.04. The company has a market cap of $306.15 million, a P/E ratio of -3.53 and a beta of 3.20. Quantum-Si has a 52 week low of $0.61 and a 52 week high of $2.58.

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.