Shares of Quantum-Si Incorporated (NASDAQ: QSI ) are down, losing -17.46% over the past five trading days. The company recently released its Q2 2023 earnings report, which reflected lower-than-expected revenue and lowered forward guidance. Additionally, Quantum-SI ran into problems with its AI software and decided to shelve its carbon product. Despite these setbacks, the company still has potential in the protein sequencing market and maintains a strong financial position.
QSI shares have decreased by -17.46% in the past week, for a monthly decrease of -17.46%. However, the quarterly increase has been 13.49%. The stock’s volatility index for the week is 6.77% and 7.14% for the last 30 days. QSI’s simple moving average for the last 20 days is -22.31% and -13.77% for the last 200 days.
Analysts have mixed opinions on QSI, with Canaccord Genuity rating it “Hold” and a $2 price target. The stock is currently trading -31.73% off its 50-day moving average and has experienced a -52% loss over the past 55.78 weeks.
Insider trading has been reported to QSI, with LaPointe Christian buying 20,000 shares and RAKIN KEVIN selling 89,000 shares. The company’s stock fundamentals reveal a negative return on capital value and a negative return on equity and assets.
Finally, Quantum-Si Incorporated faces challenges as its stock price declines. Analysts have mixed opinions on the stock, and it is currently trading below its moving average. The company’s recent performance has been less than ideal, but it still has potential in the protein sequencing market.
Sources:
– Seeking Alpha – https://www.seekingalpha.com/article/4465767-quantum-si-incorporated-stock-price-declines-q2-2023-earnings-report-reveals
– Bloomberg –
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2023-09-26 14:16:17
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