Stock Traders Purchase High Volume of Quantum-Si Call Options (NASDAQ:QSI)

Quantum-Si Incorporated (NASDAQ:QSI) was the recipient of unusually large options trading activity on Wednesday. Stock traders bought 3,845 call options on the company. This is an increase of 134% compared to the typical volume of 1,644 call options.

Quantum-Si Stock Performance

QSI traded up $0.12 during trading on Wednesday, reaching $1.08. The stock had a trading volume of 6,143,822 shares, compared to its average volume of 4,428,813. The business has a 50-day moving average of $0.77 and a 200-day moving average of $0.87. Quantum-Si has a one year low of $0.69 and a one year high of $3.10. The stock has a market cap of $235.52 million, a PE ratio of -2.36 and a beta of 3.25.

Quantum-Si (NASDAQ:QSI) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.11). The firm had revenue of $0.34 million during the quarter, compared to analyst estimates of $0.30 million. Quantum-Si had a negative return on equity of 47.12% and a negative net margin of 6,138.26%. Equities research analysts forecast that Quantum-Si will post -0.47 EPS for the current fiscal year.

Institutional Investors Weigh In On Quantum-Si

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IPG Investment Advisors LLC acquired a new position in shares of Quantum-Si during the second quarter worth $27,000. WINTON GROUP Ltd acquired a new position in shares of Quantum-Si during the 2nd quarter worth about $67,000. Corient Private Wealth LP purchased a new position in shares of Quantum-Si in the 2nd quarter valued at about $34,000. Green Alpha Advisors LLC acquired a new stake in shares of Quantum-Si during the 2nd quarter worth about $41,000. Finally, Renaissance Technologies LLC purchased a new stake in Quantum-Si during the first quarter worth approximately $91,000. 39.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

QSI has been the topic of a number of research reports. Wall Street Zen upgraded shares of Quantum-Si from a “sell” rating to a “hold” rating in a research note on Saturday, September 12th. Alliance Global Partners restated a “buy” rating on shares of Quantum-Si in a report on Friday, August 14th. HC Wainwright reaffirmed a “buy” rating and issued a $4.00 target price on shares of Quantum-Si in a research report on Tuesday. Finally, Weiss Ratings upgraded Quantum-Si from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, September 24th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $2.50.

Quantum-Si Company Profile

Quantum-Si Incorporated (NASDAQ:QSI) is a life sciences technology company focused on advancing proteomics, the study of proteins and their roles in biological systems. The company develops tools intended to help researchers identify and analyze proteins at the single-molecule level, supporting applications in drug discovery, translational research and precision medicine.

Its primary offering is the Platinum platform, which combines an automated instrument, proprietary sequencing technology, consumables and software for protein analysis.