Should You Invest in Quantum-Si incorporated (NASDAQ: QSI) Right Now?

Quantum-Si incorporated (QSI) has experienced fluctuating stock performance recently. It has seen a decline of -0.87% in the past week, but has had a monthly gain of 9.09% and a quarterly surge of 41.61%. The volatility ratio for the week is 7.20%, and the volatility levels for the last 30 days are 7.43%.

The simple moving average for the past 20 days is 3.90% for QSI’s stock, with a 13.20% simple moving average for the past 200 days. The 36-month beta value for QSI is 2.76, indicating higher volatility.

There are mixed opinions on investing in QSI, with 1 analyst rating it as a “buy”, 0 rating it as “overweight”, 0 rating it as “hold”, and 0 rating it as “sell”. The average price estimated by analysts for QSI is $3.50, which is $1.22 above the current price.

QSI recently released its earnings report for Q2 2023, which showed lower-than-expected revenue and reduced forward guidance. The company faced challenges with its carbon product and identified problems with its AI software. Despite this negative market reaction, QSI has strong potential in the protein sequencing market and has a solid financial position.

It’s important to note that QSI is currently trading at a significant distance from its 50-day moving average and its 52-week high. Investors should consider these factors before deciding to invest in QSI.

– BloombergNEF: Annual spending on passenger EVs up 53%, Seeking Alpha
– Canaccord Genuity research report, October 20, 2021