Quantum-Si (NASDAQ:QSI) Hits New 52-Week High – What’s Next?

Quantum-Si incorporated (NASDAQ:QSI) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $3.57 and last traded at $3.57, with a volume of 47861012 shares trading hands. The stock had previously closed at $2.15.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on QSI shares. Canaccord Genuity Group cut their price objective on shares of Quantum-Si from $1.50 to $1.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. HC Wainwright lifted their price target on Quantum-Si from $4.00 to $5.50 and gave the company a “buy” rating in a report on Thursday, November 21st.

Quantum-Si Stock Up 67.4 %

The company has a market cap of $513.77 million, a P/E ratio of -5.63 and a beta of 3.20. The company has a 50 day moving average price of $1.20 and a 200-day moving average price of $1.06.

Institutional Trading of Quantum-Si

Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its holdings in shares of Quantum-Si by 6.7% in the third quarter. Geode Capital Management LLC now owns 2,316,921 shares of the company’s stock valued at $2,044,000 after buying an additional 145,091 shares during the period. 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 worth $173,000 after acquiring an additional 133,438 shares in the last quarter. SG Americas Securities LLC bought a new stake in Quantum-Si in the third quarter worth about $53,000. Green Alpha Advisors LLC lifted its holdings in Quantum-Si by 35.4% in the 3rd quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company’s stock valued at $154,000 after acquiring an additional 45,796 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Quantum-Si during the 2nd quarter valued at about $25,000. 39.90% of the stock is owned by institutional investors and hedge funds.

About Quantum-Si

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.