Technical Outlook And Game Plan For Quantum-Si Incorporated (NASDAQ: QSI)

Quantum-Si Incorporated (QSI) concluded trading on Wednesday at a closing price of $1.39, with 280.86 million shares of worth about $390.4 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -21.02% during that period and on November 20, 2024 the price saw a gain of about 119.59%. Currently the company’s common shares owned by public are about 121.83M shares, out of which, 97.44M shares are available for trading.

Stock saw a price change of 75.66% in past 5 days and over the past one month there was a price change of 73.73%. Year-to-date (YTD), QSI shares are showing a performance of -30.85% which decreased to -12.03% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.61 but also hit the highest price of $2.43 during that period. The average intraday trading volume for Quantum-Si Incorporated shares is 541.54K. The stock is currently trading 69.69% above its 20-day simple moving average (SMA20), while that difference is up 63.45% for SMA50 and it goes to 8.30% higher than SMA200.

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Quantum-Si Incorporated (NASDAQ: QSI) currently have 121.83M outstanding shares and institutions hold larger chunk of about 35.93% of that.

The stock has a current market capitalization of $198.38M and its 3Y-monthly beta is at 2.89. It has posted earnings per share of -$0.63 in the same period. It has Quick Ratio of 13.15 while making debt-to-equity ratio of 0.02. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for QSI, volatility over the week remained 20.58% while standing at 11.16% over the month.

Stock’s fiscal year EPS is expected to rise by 6.62% while it is estimated to decrease by -19.69% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by H.C. Wainwright on December 08, 2023 offering a Buy rating for the stock and assigned a target price of $3 to it. Coverage by Canaccord Genuity stated Quantum-Si Incorporated (QSI) stock as a Hold in their note to investors on September 25, 2023, suggesting a price target of $2 for the stock.

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