Stock Traders Purchase High Volume of Call Options on Quantum-Si (NASDAQ:QSI)

Quantum-Si Incorporated (NASDAQ:QSI) was the target of unusually large options trading activity on Wednesday. Traders bought 3,845 call options on the company. This is an increase of 134% compared to the typical daily volume of 1,644 call options.

Quantum-Si Price Performance

QSI traded down $0.06 during trading on Friday, hitting $1.37. The company had a trading volume of 5,834,499 shares, compared to its average volume of 4,627,251. Quantum-Si has a 1-year low of $0.69 and a 1-year high of $3.10. The company has a market cap of $298.99 million, a PE ratio of -2.97 and a beta of 3.21. The business has a 50-day moving average of $0.79 and a 200-day moving average of $0.88.

Quantum-Si (NASDAQ:QSI) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11). The company had revenue of $0.34 million during the quarter, compared to analyst estimates of $0.30 million. Quantum-Si had a negative net margin of 6,138.26% and a negative return on equity of 47.12%. Research analysts forecast that Quantum-Si will post -0.47 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on QSI. HC Wainwright reiterated a “buy” rating and issued a $4.00 price objective on shares of Quantum-Si in a report on Tuesday. Wall Street Zen upgraded Quantum-Si from a “sell” rating to a “hold” rating in a research note on Saturday, September 12th. Weiss Ratings raised Quantum-Si from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 24th. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Quantum-Si in a research note on Friday, August 14th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $2.50.

Institutional Trading of Quantum-Si

Institutional investors and hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC bought a new stake in Quantum-Si during the first quarter valued at $91,000. WINTON GROUP Ltd bought a new position in shares of Quantum-Si in the 2nd quarter worth about $67,000. Green Alpha Advisors LLC acquired a new position in shares of Quantum-Si in the 2nd quarter valued at about $41,000. Corient Private Wealth LP acquired a new position in shares of Quantum-Si in the 2nd quarter valued at about $34,000. Finally, Hollencrest Capital Management grew its position in shares of Quantum-Si by 301.1% during the 1st quarter. Hollencrest Capital Management now owns 40,111 shares of the company’s stock valued at $31,000 after buying an additional 30,111 shares during the last quarter. Institutional investors and hedge funds own 39.90% of the company’s stock.

Quantum-Si Company Profile

Quantum-Si Incorporated (NASDAQ:QSI) is a life sciences technology company focused on advancing proteomics, the study of proteins and their roles in biological systems. The company develops tools intended to help researchers identify and analyze proteins at the single-molecule level, supporting applications in drug discovery, translational research and precision medicine.

Its primary offering is the Platinum platform, which combines an automated instrument, proprietary sequencing technology, consumables and software for protein analysis.