HC Wainwright Issues Positive Forecast for Quantum-Si (NASDAQ:QSI) Stock Price

Quantum-Si (NASDAQ:QSI) had its price target hoisted by HC Wainwright from $4.00 to $5.50 in a research note published on Thursday,Benzinga reports. They currently have a buy rating on the stock. HC Wainwright also issued estimates for Quantum-Si’s Q4 2024 earnings at ($0.18) EPS, FY2024 earnings at ($0.65) EPS, Q1 2025 earnings at ($0.18) EPS, Q2 2025 earnings at ($0.17) EPS, Q3 2025 earnings at ($0.17) EPS, Q4 2025 earnings at ($0.17) EPS, FY2025 earnings at ($0.69) EPS, FY2026 earnings at ($0.56) EPS, FY2027 earnings at ($0.42) EPS and FY2028 earnings at ($0.22) EPS.

Separately, Canaccord Genuity Group cut their target price on Quantum-Si from $1.50 to $1.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th.

Quantum-Si Stock Up 33.9 %

NASDAQ QSI opened at $1.62 on Thursday. The stock’s 50-day simple moving average is $0.87 and its two-hundred day simple moving average is $1.08. Quantum-Si has a twelve month low of $0.61 and a twelve month high of $2.43. The company has a market capitalization of $231.20 million, a price-to-earnings ratio of -2.53 and a beta of 2.89.

Hedge Funds Weigh In On Quantum-Si

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jacobs Levy Equity Management Inc. bought a new position in shares of Quantum-Si during the first quarter valued at approximately $998,000. Vanguard Group Inc. raised its stake in Quantum-Si by 1.6% during the first quarter. Vanguard Group Inc. now owns 5,300,685 shares of the company’s stock valued at $10,442,000 after buying an additional 82,463 shares during the last quarter. Virtu Financial LLC bought a new stake in Quantum-Si in the first quarter worth $98,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Quantum-Si in the first quarter worth $27,000. Finally, SG Americas Securities LLC bought a new position in shares of Quantum-Si during the third quarter valued at $53,000. Institutional investors own 39.90% of the company’s stock.

Quantum-Si Company Profile

Quantum-Si incorporated, a life sciences company, engages in the development of single-molecule detection platform to enable Next Generation Protein Sequencing (NGPS). The company's platform is comprised of the Platinum NGPS instrument; the Platinum Analysis Software service; and reagent kits and semiconductor chips for use with its instruments.