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

Quantum-Si (NASDAQ:QSI) had its price target raised by HC Wainwright from $4.00 to $5.50 in a research report report published on Thursday,Benzinga reports. HC Wainwright currently has 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 reduced their target price on shares of Quantum-Si from $1.50 to $1.00 and set a “hold” rating for the company in a report on Wednesday, November 13th.

Quantum-Si Stock Up 33.9 %

Shares of QSI opened at $1.62 on Thursday. The business has a 50-day simple moving average of $0.87 and a two-hundred day simple moving average of $1.08. Quantum-Si has a 52 week low of $0.61 and a 52 week high of $2.43. The stock has a market cap 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 have recently made changes to their positions in the business. Jacobs Levy Equity Management Inc. purchased a new position in Quantum-Si during the first quarter valued at $998,000. Geode Capital Management LLC boosted its holdings in shares of Quantum-Si by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,316,921 shares of the company’s stock valued at $2,044,000 after purchasing an additional 145,091 shares during the last quarter. Barclays PLC grew its position in shares of Quantum-Si by 210.5% during the third quarter. Barclays PLC now owns 196,826 shares of the company’s stock valued at $173,000 after purchasing an additional 133,438 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Quantum-Si by 1.6% in the first quarter. Vanguard Group Inc. now owns 5,300,685 shares of the company’s stock worth $10,442,000 after purchasing an additional 82,463 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Quantum-Si in the third quarter worth about $53,000. Institutional investors own 39.90% of the company’s stock.

About Quantum-Si

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.