Stocks

Quantum-Si (NASDAQ:QSI) Shares Down 5% - Time to Sell?

Published January 29, 2025

During midday trading on Wednesday, shares of Quantum-Si Incorporated (NASDAQ:QSI) experienced a decline of 5%, dropping to a low of $1.95 before settling at $1.98. A total of approximately 3,752,928 shares changed hands, marking a staggering 91% decrease from the average daily trading volume of 41,400,328 shares. The stock had previously closed at $2.08.

Wall Street Analysts Forecast Growth

Many brokerages have weighed in on Quantum-Si. In a recent research note, Canaccord Genuity Group reduced its price target for Quantum-Si from $1.50 to $1.00, designating a "hold" rating on the stock as of November 13. Conversely, HC Wainwright maintained a "buy" rating, setting a more optimistic price target of $5.50 for Quantum-Si shares in a note published on January 14.

Quantum-Si Stock Overview

The current market capitalization of Quantum-Si is approximately $290.41 million. The company has a price-to-earnings ratio of -3.17, indicating it's not currently profitable, and a beta of 2.74, suggesting higher volatility compared to the market. The stock's 50-day simple moving average stands at $2.05 while the 200-day simple moving average is at $1.31.

Insider Activity at Quantum-Si

In insider news, Director Jonathan M. Rothberg sold 3,506,267 shares of Quantum-Si on December 27. The shares were sold at an average price of $3.34, accumulating a total of approximately $11,710,931.78. Post-sale, Rothberg retains ownership of 1,250,000 shares valued at around $4,175,000, representing a significant 73.72% reduction in his stake. This information was disclosed in a legal filing with the Securities and Exchange Commission. Notably, insiders own 30.04% of Quantum-Si's stock.

Institutional Trading Trends

Recent trading activity among institutional investors highlights some shifts in holdings for Quantum-Si. Barclays PLC notably increased its stake by 210.5% during the third quarter, acquiring 133,438 additional shares, bringing its total to 196,826 shares valued at $173,000. Geode Capital Management LLC also saw a 6.7% increase in its holdings, now owning 2,316,921 shares worth about $2,044,000 after acquiring an additional 145,091 shares. Other institutional movements include SG Americas Securities LLC purchasing new stakes valued around $53,000 and XTX Topco Ltd increasing its position by 81.3% for a total of 43,812 shares worth $39,000. Overall, institutional investors and hedge funds account for 39.90% of Quantum-Si's stock.

About Quantum-Si

Quantum-Si Incorporated is a life sciences company that specializes in developing a single-molecule detection platform designed to facilitate Next Generation Protein Sequencing (NGPS). Its platform consists of the Platinum NGPS instrument, Platinum Analysis Software service, and various reagent kits and semiconductor chips intended for use with the instruments.

Should You Invest in Quantum-Si?

Before considering an investment in Quantum-Si, it is essential to note that top-rated analysts have identified five other stocks they recommend as more advantageous options compared to Quantum-Si. Although Quantum-Si maintains a "Moderate Buy" rating among analysts, these alternatives are receiving stronger endorsements.

Quantum-Si, stocks, market