Investing in Quantum-Si incorporated (QSI) Is Getting More Attractive


Quantum-Si incorporated’s recently made public that its Director RAKIN KEVIN unloaded Company’s shares for reported $0.19 million on Dec 15. In the deal valued at $2.15 per share,89,000 shares were sold. As a result of this transaction, RAKIN KEVIN now holds 1,801,000 shares worth roughly $ 3.03 million.

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Then, LaPointe Christian bought 20,000 shares, generating $78,526 in total proceeds. Upon buying the shares at $3.93, the General Counsel & Corp. Secr. now owns 227,693 shares.

Before that, ROTHBERG JONATHAN M bought 25,561 shares. Quantum-Si incorporated shares valued at $79,175 were divested by the Interim CEO at a price of $3.10 per share. As a result of the transaction, ROTHBERG JONATHAN M now holds 2,568,443 shares, worth roughly $4.31 million.

Canaccord Genuity initiated its Quantum-Si incorporated [QSI] rating to a Buy in a research note published on Monday, October 20, 2021; the price target was $13. PT values the company’s stock at a premium of 87.08 to its Monday closing price.

Price Performance Review of QSI

On Monday, Quantum-Si incorporated [NASDAQ:QSI] saw its stock jump 5.66% to $1.68. On the same session, the stock had its day’s lowest price of $1.57, but rose to a high of $1.75. Over the last five days, the stock has lost -10.64%. Quantum-Si incorporated shares have fallen nearly -8.20% since the year began. Nevertheless, the stocks have fallen -61.82% over the past one year. While a 52-week high of $5.42 was reached on 02/02/23, a 52-week low of $1.58 was recorded on 03/13/23. SMA at 50 days reached $2.0456, while 200 days put it at $2.7530. A total of 0.85 million shares were traded, compared to the trading of 1.03 million shares in the previous session.

Levels Of Support And Resistance For QSI Stock

The 24-hour chart illustrates a support level at 1.5833, which if violated will result in even more drops to 1.4867. On the upside, there is a resistance level at 1.7633. A further resistance level may holdings at 1.8467. The Relative Strength Index (RSI) on the 14-day chart is 38.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1838, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.08%. Stochastics %K at 8.23% indicates the stock is a buying.

How much short interest is there in Quantum-Si incorporated?

A steep rise in short interest was recorded in Quantum-Si incorporated stocks on Jan 12, 2023, dropping by -0.13 million shares to a total of 3.5 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 3.63 million shares. There was a decline of -3.71%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.42% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.16.

Quantum-Si incorporated [QSI] – Who Are The Largest Shareholders?

In filings from ARK Investment Management LLC, it is revealed that the company now owns 11,856,184 shares, or roughly 9.89% of the outstanding QSI shares. In other words, the investor’s shares have fallen by -1,381,606 from its previous 13-F filing of 13237790.0. Additionally, BlackRock Fund Advisors increased 4.19% of its stake after which the total value it holdings stand at $10,418,044, while The Vanguard Group, Inc. added 0.55% of its stake to hold $8.77 million in the firm. Over the last quarter, Glenview Capital Management LLC sold -847,016 shares of Quantum-Si incorporated, while Security Benefit Life Insurance C sold 4,159,426 shares. At present, SSgA Funds Management, Inc. is holding 1,767,729 shares valued at $3.22 million. Nomura Securities Co., Ltd. owned 1,751,544 shares of the company at the time of its most recent 13F filing, worth $3.19 million.

According to FactSet, Quantum-Si incorporated’s share price will average $5.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 214.47 percent from its previous closing price of $1.59. Analysts expect Quantum-Si incorporated stock to reach the higher price of $5.00, while the lowest price estimate is $5.00. However, 1 analyst have rated QSI stock as a Buy in their predictions for 2023.


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