As the global market faces challenges, the stock price of Quantum-Si incorporated (NASDAQ: QSI) has experienced a decline of -8.60% compared to its previous closing price of 2.21. Over the past five trading sessions, the company has seen a -12.17% decrease in its stock price.
Despite these challenges, investors may be wondering if it is still worth investing in Quantum-Si incorporated (NASDAQ: QSI) at this time. The 36-month beta value for QSI is 2.81, indicating a higher correlation with market movements. Analysts have varying opinions on the stock, with 1 analyst rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
While the stock may be facing a decline, it’s important to consider the long-term potential of Quantum-Si incorporated. The company operates in the artificial intelligence (AI) industry, which is experiencing a revolution that is set to change everything we know about everything. The global AI market is projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, according to Grand View Research.
The average price recommended by analysts for Quantum-Si incorporated (QSI) is $3.50, which is $1.48 above the current market price. It’s worth noting that short sellers currently hold 5.37% of the company’s public float. Additionally, on August 14, 2023, the average trading volume for QSI was 1.92M shares.
QSI’s market performance has seen a -12.17% decrease in the past week, a -16.53% drop in the past month, and a 43.26% gain in the past quarter. The stock’s volatility ratio for the week is 15.96%, and for the past 30 days, it stands at 15.23%. The simple moving average for the past 20 days is -34.06%, with a -3.32% simple moving average for the past 200 days.
Analysts’ opinions on QSI vary, but Canaccord Genuity has maintained a “buy” rating for the stock. The predicted price for QSI in the upcoming period, based on Canaccord Genuity’s research report from October 20, 2021, is $13.
In terms of insider trading, reports indicate some notable activities at QSI. For example, LaPointe Christian purchased 20,000 shares at a price of $1.77, bringing their total ownership to 247,693 shares. Meanwhile, RAKIN KEVIN, the Director of Quantum-Si incorporated, sold 89,000 shares at $2.15.
When it comes to stock fundamentals, QSI’s total capital return value is set at -26.56, while invested capital returns have touched -30.84. The equity return is currently at -35.30, with -32.70 for asset returns. The company’s capital structure shows a debt to equity ratio of 4.86, total debt to capital of 4.64, and total debt to assets of 4.40. Furthermore, the long-term debt to equity ratio stands at 4.48, with the long-term debt to capital ratio at 4.27. The enterprise to sales ratio is -45.03, and the debt to enterprise value ratio settles at -0.22. The liquidity ratio is at 22.81, which is of particular interest to investors.
In conclusion, Quantum-Si incorporated (QSI) has faced challenges in its stock price performance recently. However, the company operates in the growing field of artificial intelligence and has received positive ratings from analysts. Investors should consider the long-term potential of QSI while keeping in mind its current stock price position compared to its moving averages and previous highs.