The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Quantum-Si Incorporated shares valued at $17,400 were purchased by LaPointe Christian on Mar 15 ’24. At $1.74 per share, LaPointe Christian acquired 10,000 shares. The insider’s holdings grew to 257,693 shares worth approximately $0.39 million following the completion of this transaction.
Also, Hawkins Jeffrey Alan purchased 25,000 shares, netting a total of over 44,000 in proceeds. Following the buying of shares at $1.76 each, the insider now holds 25,000 shares.
Before that, Keyes Jeffry R. had added 50,000 shares to its account. In a trade valued at $80,500, the Chief Financial Officer bought Quantum-Si Incorporated shares for $1.61 each. Upon closing the transaction, the insider’s holdings increased to 50,000 shares, worth approximately $76500.0.
As published in their initiating research note from H.C. Wainwright on December 08, 2023, Quantum-Si Incorporated [QSI] has been a Buy and the price target has been revised to $3. Analysts at Canaccord Genuity downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late September. As of October 20, 2021, Canaccord Genuity has initiated its “Buy” rating for QSI.
Analyzing QSI Stock Performance
During the last five days, there has been a drop of approximately -16.39%. Over the course of the year, Quantum-Si Incorporated shares have dropped approximately -23.88%. Shares of the company reached a 52-week high of $2.4300 on 03/08/24 and a 52-week low of $1.3800 on 02/08/24. A 50-day SMA is recorded $1.7555, while a 200-day SMA reached $1.8863. Nevertheless, trading volume fell to 0.57 million shares from 0.58 million shares the previous day.
Support And Resistance Levels for Quantum-Si Incorporated (QSI)
According to the 24-hour chart, there is a support level at 1.4767, which, if violated, would cause prices to drop to 1.4233. In the upper region, resistance lies at 1.6267. The next price resistance is at 1.7233. RSI (Relative Strength Index) is 35.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1729, which suggests the price will decrease in the coming days. Percent R is at 97.92%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
