While Quantum-Si Incorporated has overperformed by 6.00%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, QSI fell by -49.52%, with highs and lows ranging from $2.43 to $0.73, whereas the simple moving average fell by -28.76% in the last 200 days.
On December 08, 2023, H.C. Wainwright started tracking Quantum-Si Incorporated (NASDAQ: QSI) recommending Buy. A report published by Canaccord Genuity on September 25, 2023, Downgraded its rating to ‘Hold’ for QSI. Canaccord Genuity also rated QSI shares as ‘Buy’, setting a target price of $13 on the company’s shares in an initiating report dated October 20, 2021.
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Analysis of Quantum-Si Incorporated (QSI)
Further, the quarter-over-quarter increase in sales is 203.41%, showing a positive trend in the upcoming months.
One of the most important indicators of Quantum-Si Incorporated’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -32.58% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 20.13, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and QSI is recording 809.84K average volume. On a monthly basis, the volatility of the stock is set at 8.22%, whereas on a weekly basis, it is put at 9.99%, with a gain of 17.63% over the past seven days. Furthermore, long-term investors anticipate a median target price of $2.75, showing growth from the present price of $1.06, which can serve as yet another indication of whether QSI is worth investing in or should be passed over.
How Do You Analyze Quantum-Si Incorporated Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 32.07%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 31.45% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
QSI shares are owned by institutional investors to the tune of 31.45% at present.
