Quantum-Si (NASDAQ:QSI) Reports Quarterly Earnings, Aligns with Expectations

Quantum-Si (NASDAQ:QSI) announced its earnings results on Monday. The company reported an earnings per share (EPS) of ($0.18) for the quarter, which matched analysts' average estimate of ($0.18), according to reports from Zacks. Quantum-Si experienced a significant negative net margin of 3,968.84%, alongside a negative return on equity of 36.96%.

Quantum-Si Stock Overview

On Monday, shares of Quantum-Si traded down by $0.08, bringing the price to $1.30. The trading volume for the day was 8,335,246 shares, which is lower than the average volume of 23,766,254. The company's stock price has ranged from a low of $0.61 to a high of $5.77 over the past fifty-two weeks. Quantum-Si holds a market capitalization of $185.53 million. Its price-to-earnings (PE) ratio stands at -2.03, and the stock has a beta of 2.69. Additionally, the 50-day moving average is $2.23, while the 200-day moving average is $1.44.

Reactions from Analysts

Several analysts have recently evaluated Quantum-Si's stock. Canaccord Genuity Group has lowered its price target for Quantum-Si from $1.50 to $1.00 and categorized the stock as a "hold" in their latest report dated November 13. In contrast, HC Wainwright reaffirms a "buy" rating, setting a price target of $5.50 for the shares in their report from January 14. Additionally, Alliance Global Partners recently began covering Quantum-Si, providing a "buy" rating along with a price target of $3.75 in their report from February 7.

Insider Transactions

In insider trading news, Director Jonathan M. Rothberg sold 3,506,267 shares of Quantum-Si stock in a transaction on December 27, at an average price of $3.34. This sale totaled approximately $11,710,931.78. After the transaction, Rothberg retained ownership of 1,250,000 shares, which are now valued at around $4,175,000, indicating a 73.72% reduction in his holdings. This sale has been duly recorded in a legal filing with the SEC, which is available for public viewing. Currently, insiders hold about 30.04% of Quantum-Si's stock.

About Quantum-Si

Quantum-Si is a life sciences firm that specializes in creating a single-molecule detection platform aimed at advancing Next Generation Protein Sequencing (NGPS). The company's technology includes the Platinum NGPS instrument, Platinum Analysis Software, and various reagent kits and semiconductor chips designed for use with their instruments.

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Earnings, Stocks, Investment