• Wed. Nov 22nd, 2023

    Critical Thought

    Critical thoughts on quantum technologies

    Quantum-Si Incorporated Surges, Impresses Investors with 2.54% Increase

    BySam Figg

    Nov 21, 2023
    Quantum-Si Incorporated Surges, Impresses Investors with 2.54% Increase

    The recent uptrend in Quantum-Si incorporated’s stock has caught the attention of investors, sparking excitement and renewed interest in the company. On Monday, August 21, 2023, the stock closed at $2.02, marking a significant 2.54% increase from its previous day’s price.

    Analyzing the stock’s performance, we can see that it had a previous close of $1.97 and a day’s price range of $1.94 to $2.07. In terms of its 52-week price range, Quantum-Si incorporated has reached a high of $3.90 and a low of $1.36. Over the past 30 days, the stock has experienced a decline of approximately -32.44%.

    Frequently Asked Questions (FAQ)

    1. What is the current stock price of Quantum-Si incorporated?
    2. The current stock price of Quantum-Si incorporated is $2.02.

    3. What is the 52-week price range of Quantum-Si incorporated?
    4. The 52-week price range of Quantum-Si incorporated is $1.36 – $3.90.

    5. How has the stock performed in the past 30 days?
    6. The stock has declined by approximately -32.44% over the past 30 days.

    7. What was the previous day’s close for Quantum-Si incorporated?
    8. The previous day’s close for Quantum-Si incorporated was $1.97.

    9. What was the percentage increase in stock price on August 21, 2023?
    10. The stock price of Quantum-Si incorporated increased by 2.54% on August 21, 2023.

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    Quantum-Si incorporated currently has a market capitalization of $284.86 million. Short-term indicators suggest that the stock has an average rating of 50% Buy, while medium-term indicators also indicate an average rating of 50% Buy. Long-term indicators, on average, classify the stock as a Hold.

    Based on estimates from 1 analyst, the Quantum-Si incorporated (QSI) stock has been rated as a Buy by 1 analyst and as a Hold by 0 analysts. None of the analysts have rated it as overweight or underweight, and 0 analysts have suggested it as a Sell. Overall, the stock has been given a Buy rating, indicating potential upside for investors.

    Digging deeper into the stock’s performance, we observe that the current price level is -26.34% below its 20-day simple moving average and -13.20% below its 50-day simple moving average. The Relative Strength Index (RSI) stands at 40.92, suggesting a neutral stance. The stock has exhibited a volatility of 7.00% over the past week and 11.57% over the past month. The beta value for Quantum-Si incorporated is 2.90, reflecting its higher sensitivity to market fluctuations. The Average True Range (ATR) is currently at 0.29.

    Analysts have set an average price target of $3.50 for Quantum-Si incorporated over the next 12 months. The low estimate and high estimate for the stock price are both $3.50. These price targets imply potential downside of -73.27% from the current price level. However, investors may find this prospect enticing, as it presents an opportunity for a whopping -73.27% gain if the QSI share price reaches the median target of $3.50.

    Turning to trading volume, we note that the average 3-month trading volume is 2.05 million, while the preceding 10-day period recorded a trading volume of 3.28 million. As of Jul 30, 2023, short shares amounted to 5.49 million, with a short ratio of 1.8. This represents a short interest of 3.88% in shares outstanding on Jul 30, 2023. Compared to the previous month, shares short increased from 3.61 million. These figures indicate that investors are increasingly optimistic about the stock’s potential, as evidenced by the year-to-date price movement of 10.38% in an upward direction.

    When assessing ownership structure, we find that insiders hold 0.20% of the company’s shares, while institutional investors hold 40.00%. This data highlights the confidence of both insiders and institutions in Quantum-Si incorporated.