Quantum-Si (QSI) to Release Quarterly Earnings on Thursday

Quantum-Si (NASDAQ:QSI) is scheduled to be announcing its earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.23) per share for the quarter. Quantum-Si has set its FY 2024 guidance at EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Quantum-Si (NASDAQ:QSI) last posted its quarterly earnings data on Thursday, February 29th. The company reported ($0.16) earnings per share for the quarter, hitting the consensus estimate of ($0.16). The firm had revenue of $0.40 million during the quarter, compared to analysts’ expectations of $0.30 million. Quantum-Si had a negative net margin of 8,868.76% and a negative return on equity of 30.65%. On average, analysts expect Quantum-Si to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Quantum-Si Stock Performance

Shares of QSI opened at $1.78 on Wednesday. The business’s fifty day moving average price is $1.78 and its two-hundred day moving average price is $1.68. The firm has a market capitalization of $252.35 million, a price-to-earnings ratio of -2.63 and a beta of 3.04. Quantum-Si has a 52 week low of $1.12 and a 52 week high of $3.90.

Insiders Place Their Bets

In other Quantum-Si news, CEO Jeffrey Alan Hawkins bought 25,000 shares of Quantum-Si stock in a transaction that occurred on Thursday, March 14th. The stock was acquired at an average price of $1.76 per share, for a total transaction of $44,000.00. Following the completion of the acquisition, the chief executive officer now owns 25,000 shares of the company’s stock, valued at approximately $44,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Jeffrey Alan Hawkins bought 25,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were acquired at an average price of $1.76 per share, for a total transaction of $44,000.00. Following the completion of the acquisition, the chief executive officer now owns 25,000 shares of the company’s stock, valued at approximately $44,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Jeffry R. Keyes purchased 50,000 shares of Quantum-Si stock in a transaction that occurred on Tuesday, March 5th. The shares were bought at an average cost of $1.61 per share, with a total value of $80,500.00. Following the completion of the transaction, the chief financial officer now directly owns 50,000 shares of the company’s stock, valued at approximately $80,500. The disclosure for this purchase can be found here. Insiders bought a total of 85,000 shares of company stock valued at $141,900 in the last quarter. 30.04% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, HC Wainwright raised their price target on Quantum-Si from $3.00 to $4.00 and gave the stock a “buy” rating in a research report on Friday, March 1st.

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.