Traders Buy Large Volume of Call Options on Quantum-Si (NASDAQ:QSI)

Quantum-Si incorporated (NASDAQ:QSI) was the recipient of unusually large options trading activity on Wednesday. Stock traders purchased 6,305 call options on the stock. This is an increase of approximately 551% compared to the average volume of 968 call options.

Quantum-Si Stock Performance

Shares of QSI opened at $1.81 on Friday. The company’s 50 day moving average price is $1.02 and its 200 day moving average price is $1.05. Quantum-Si has a 52 week low of $0.61 and a 52 week high of $2.58. The company has a market capitalization of $258.31 million, a PE ratio of -2.83 and a beta of 3.20.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on QSI shares. HC Wainwright boosted their price target on Quantum-Si from $4.00 to $5.50 and gave the company a “buy” rating in a report on Thursday, November 21st. Canaccord Genuity Group lowered their target price on shares of Quantum-Si from $1.50 to $1.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Quantum-Si by 1.6% during the first quarter. Vanguard Group Inc. now owns 5,300,685 shares of the company’s stock worth $10,442,000 after buying an additional 82,463 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Quantum-Si by 11.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 59,727 shares of the company’s stock valued at $118,000 after acquiring an additional 5,945 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Quantum-Si by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 322,460 shares of the company’s stock worth $339,000 after purchasing an additional 10,811 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Quantum-Si during the second quarter worth approximately $25,000. Finally, SG Americas Securities LLC acquired a new stake in Quantum-Si during the 3rd 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.