FY2024 EPS Estimates for Quantum-Si Lifted by HC Wainwright

Quantum-Si incorporated (NASDAQ:QSI) – Analysts at HC Wainwright lifted their FY2024 EPS estimates for Quantum-Si in a note issued to investors on Wednesday, November 13th. HC Wainwright analyst S. Ramakanth now anticipates that the company will earn ($0.65) per share for the year, up from their prior estimate of ($0.71). HC Wainwright currently has a “Buy” rating and a $4.00 price target on the stock. The consensus estimate for Quantum-Si’s current full-year earnings is ($0.65) per share. HC Wainwright also issued estimates for Quantum-Si’s Q4 2024 earnings at ($0.18) 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 decreased their price objective on Quantum-Si from $1.50 to $1.00 and set a “hold” rating on the stock in a report on Wednesday, November 13th.

Quantum-Si Price Performance

Quantum-Si stock opened at $0.66 on Monday. The firm has a 50 day simple moving average of $0.85 and a 200-day simple moving average of $1.09. The stock has a market cap of $94.09 million, a price-to-earnings ratio of -1.03 and a beta of 2.89. Quantum-Si has a 1-year low of $0.65 and a 1-year high of $2.43.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of QSI. Geode Capital Management LLC lifted its holdings in shares of Quantum-Si by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,316,921 shares of the company’s stock worth $2,044,000 after acquiring an additional 145,091 shares during the last quarter. Barclays PLC raised its position in Quantum-Si by 210.5% in 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 during the period. XTX Topco Ltd raised its position in Quantum-Si by 81.3% in the third quarter. XTX Topco Ltd now owns 43,812 shares of the company’s stock valued at $39,000 after purchasing an additional 19,651 shares during the period. Green Alpha Advisors LLC lifted its stake in Quantum-Si by 35.4% during the third quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company’s stock worth $154,000 after purchasing an additional 45,796 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Quantum-Si during the third quarter worth $53,000. Hedge funds and other institutional investors own 39.90% of the company’s stock.

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.