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Quantum-Si Incorporated (QSI) receives a Buy rating from H.C. Wainwright

Quantum-Si Incorporated’s recent filing unveils that its Chief Commercial Officer Johnston Grace unloaded Company’s shares for reported $3790.0 on Jun 24 ’24. In the deal valued at $1.20 per share,3,169 shares were sold. As a result of this transaction, Johnston Grace now holds 295,940 shares worth roughly $0.28 million.

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Then, Johnston Grace sold 4,359 shares, generating $5,262 in total proceeds. Upon selling the shares at $1.21, the Chief Commercial Officer now owns 299,109 shares.

Before that, LaPointe Christian bought 10,000 shares. Quantum-Si Incorporated shares valued at $17,400 were divested by the General Counsel & Corp. Secr. at a price of $1.74 per share. As a result of the transaction, LaPointe Christian now holds 257,693 shares, worth roughly $0.24 million.

H.C. Wainwright initiated its Quantum-Si Incorporated [QSI] rating to a Buy in a research note published on December 08, 2023; the price target was $3. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who decreased its forecast for the stock in late September from “a Buy” to “a Hold”. Canaccord Genuity began covering QSI with “Buy” recommendation on October 20, 2021.

Price Performance Review of QSI

On Friday, Quantum-Si Incorporated [NASDAQ:QSI] saw its stock fall -2.81% to $0.93. Over the last five days, the stock has lost -1.14%. Quantum-Si Incorporated shares have fallen nearly -53.77% since the year began. Nevertheless, the stocks have fallen -54.00% over the past one year. While a 52-week high of $3.90 was reached on 03/08/24, a 52-week low of $0.73 was recorded on 06/26/24. SMA at 50 days reached $1.5076, while 200 days put it at $1.6188. A total of 0.84 million shares were traded, compared to the trading of 0.22 million shares in the previous session.

Levels Of Support And Resistance For QSI Stock

The 24-hour chart illustrates a support level at 0.9009, which if violated will result in even more drops to 0.8724. On the upside, there is a resistance level at 0.9589. A further resistance level may holdings at 0.9884. The Relative Strength Index (RSI) on the 14-day chart is 29.93, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1599, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.13%. Stochastics%K at 26.71% indicates the stock is a holding.

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