Investors Purchase High Volume of Quantum-Si Call Options (NASDAQ:QSI)

Quantum-Si incorporated (NASDAQ:QSI) was the recipient of unusually large options trading on Thursday. Stock traders bought 4,441 call options on the company. This is an increase of 162% compared to the typical daily volume of 1,696 call options.

Quantum-Si Price Performance

QSI traded up $0.54 during trading hours on Thursday, reaching $1.84. The company’s stock had a trading volume of 33,652,601 shares, compared to its average volume of 3,510,224. The stock has a market cap of $262.69 million, a PE ratio of -2.88 and a beta of 3.20. Quantum-Si has a fifty-two week low of $0.61 and a fifty-two week high of $2.58. The business’s 50-day moving average is $1.11 and its 200-day moving average is $1.04.

Hedge Funds Weigh In On Quantum-Si

Large investors have recently modified their holdings of the business. Geode Capital Management LLC increased its holdings in Quantum-Si by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,316,921 shares of the company’s stock valued at $2,044,000 after purchasing an additional 145,091 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Quantum-Si by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 322,460 shares of the company’s stock valued at $339,000 after buying an additional 10,811 shares in the last quarter. Barclays PLC raised its holdings in shares of Quantum-Si by 210.5% in the 3rd quarter. Barclays PLC now owns 196,826 shares of the company’s stock valued at $173,000 after buying an additional 133,438 shares during the period. Green Alpha Advisors LLC lifted its stake in Quantum-Si by 35.4% during the 3rd quarter. Green Alpha Advisors LLC now owns 175,055 shares of the company’s stock worth $154,000 after acquiring an additional 45,796 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Quantum-Si during the 3rd quarter valued at about $53,000. Institutional investors and hedge funds own 39.90% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on QSI. Canaccord Genuity Group reduced their price objective on Quantum-Si from $1.50 to $1.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. HC Wainwright upped their price target on shares of Quantum-Si from $4.00 to $5.50 and gave the company a “buy” rating in a research note on Thursday, November 21st.

Quantum-Si Company Profile

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.