Quantum-Si Incorporated (NASDAQ: QSI ) has recently seen its share price fall due to lower-than-expected earnings and reduced forward guidance. The company’s Q2 2023 earnings report revealed problems with its AI software and carbon product shelves. Despite this setback, Quantum-Si has strong potential in the protein sequencing market and remains financially sound.
Analysts have mixed opinions on QSI, with 0 analysts rating it a “buy”, 0 an “overweight”, 1 a “hold” and 0 a “sell”. The average analyst recommended price for QSI is $2.00, which is $0.62 above the current market price. The company’s shares have experienced a fall of -12.10% during the last five trading sessions.
QSI market performance has been bad, last week down -12.10%, monthly down -40.52% and quarterly down -42.98%. The weekly volatility is 7.03% and the last 30 days volatility is 6.97%. QSI stock is trading -33.98% below its 50-day moving average, and its simple moving average is -29.72% over the past 200 days.
Despite these challenges, Quantum-Si Incorporated has the potential for further growth in the protein sequencing market. Before making an investment decision, it is important to consider a stock’s current distance from its moving averages and 52-week high.
Sources:
– Looking for Alpha
– Canaccord Genuity
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2023-10-13 16:16:21
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