FY2024 EPS Estimates for Quantum-Si Boosted by HC Wainwright

Quantum-Si incorporated (NASDAQ:QSI) – Equities research analysts at HC Wainwright increased their FY2024 EPS estimates for Quantum-Si in a research note issued to investors on Wednesday, November 13th. HC Wainwright analyst S. Ramakanth now forecasts that the company will post earnings per share of ($0.65) for the year, up from their previous forecast of ($0.71). HC Wainwright has a “Buy” rating and a $4.00 price objective on the stock. The consensus estimate for Quantum-Si’s current full-year earnings is ($0.65) per share. HC Wainwright also issued estimates for Quantum-Si’s Q4 2024 earnings at ($0.18) 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 price objective on shares of Quantum-Si from $1.50 to $1.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th.

Quantum-Si Stock Down 5.8 %

Shares of QSI stock opened at $0.73 on Monday. The firm has a 50 day moving average price of $0.85 and a two-hundred day moving average price of $1.10. The company has a market capitalization of $104.53 million, a PE ratio of -1.15 and a beta of 2.89. Quantum-Si has a 12-month low of $0.70 and a 12-month high of $2.43.

Institutional Investors Weigh In On Quantum-Si

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC raised its position in shares of Quantum-Si by 6.7% in the third quarter. Geode Capital Management LLC now owns 2,316,921 shares of the company’s stock valued at $2,044,000 after buying an additional 145,091 shares in the last quarter. Barclays PLC increased its stake in Quantum-Si by 210.5% in the third quarter. Barclays PLC now owns 196,826 shares of the company’s stock valued at $173,000 after acquiring an additional 133,438 shares during the last quarter. XTX Topco Ltd increased its stake in Quantum-Si by 81.3% in the third quarter. XTX Topco Ltd now owns 43,812 shares of the company’s stock valued at $39,000 after acquiring an additional 19,651 shares during the last quarter. Green Alpha Advisors LLC increased its stake in Quantum-Si by 35.4% in the third quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company’s stock valued at $154,000 after acquiring an additional 45,796 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in Quantum-Si in the third quarter valued at approximately $53,000. 39.90% of the stock is currently owned by institutional investors and hedge funds.

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.