Quantum-Si (NASDAQ:QSI) Stock Price Down 17.4% – Should You Sell?

Quantum-Si incorporated (NASDAQ:QSI)’s share price dropped 17.4% on Monday . The stock traded as low as $2.07 and last traded at $2.19. Approximately 14,405,681 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 71,020,570 shares. The stock had previously closed at $2.65.

Analyst Ratings Changes

QSI has been the topic of a number of research analyst reports. Canaccord Genuity Group lowered their price target on Quantum-Si from $1.50 to $1.00 and set a “hold” rating on the stock in a report on Wednesday, November 13th. HC Wainwright upped their target price on shares of Quantum-Si from $4.00 to $5.50 and gave the stock a “buy” rating in a research report on Thursday, November 21st.

Quantum-Si Trading Down 27.2 %

The stock has a market capitalization of $275.44 million, a P/E ratio of -3.02 and a beta of 2.74. The business has a 50-day moving average price of $1.70 and a 200 day moving average price of $1.20.

Insider Buying and Selling at Quantum-Si

In other news, Director Jonathan M. Rothberg sold 3,506,267 shares of the firm’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $3.34, for a total value of $11,710,931.78. Following the sale, the director now directly owns 1,250,000 shares in the company, valued at approximately $4,175,000. This trade represents a 73.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 30.04% of the company’s stock.

Hedge Funds Weigh In On Quantum-Si

Institutional investors and hedge funds have recently bought and sold shares of the company. XTX Topco Ltd acquired a new stake in Quantum-Si in the 2nd quarter worth approximately $25,000. SG Americas Securities LLC purchased a new stake in shares of Quantum-Si during the third quarter valued at $53,000. Green Alpha Advisors LLC raised its stake in Quantum-Si by 35.4% in the 3rd quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company’s stock worth $154,000 after acquiring an additional 45,796 shares during the last quarter. Barclays PLC lifted its position in Quantum-Si by 210.5% during the 3rd quarter. Barclays PLC now owns 196,826 shares of the company’s stock worth $173,000 after acquiring an additional 133,438 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Quantum-Si by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 322,460 shares of the company’s stock valued at $339,000 after purchasing an additional 10,811 shares during the last quarter. 39.90% of the stock is owned by hedge funds and other institutional investors.

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.