QT Imaging Holdings Inc. (NASDAQ: QTI)’s stock price has gone decline by -9.38 in comparison to its previous close of 0.64, businesswire.com reported 2024-09-30 that NOVATO, Calif.–(BUSINESS WIRE)–QT Imaging Holdings, Inc. (NASDAQ:QTI), a medical device company engaged in research, development, and commercialization of innovative body imaging systems, is pleased to announce an amendment to its $10,000,000 convertible promissory note with YA II PN, Ltd. (the “Investor,” and such promissory note, the “Note”). On September 11, 2024, a trigger event associated with the share price of the company occurred under the terms of the Note. As a result, the company m.
Is It Worth Investing in QT Imaging Holdings Inc. (NASDAQ: QTI) Right Now?
Moreover, the 36-month beta value for QTI is -0.09.
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The public float for QTI is 7.24M and currently, short sellers hold a 1.41% of that float. On October 18, 2024, QTI’s average trading volume was 88.57K shares.
QTI’s Market Performance
QTI’s stock has seen a 0.00% decrease for the week, with a -2.03% drop in the past month and a -6.45% fall in the past quarter. The volatility ratio for the week is 12.53%, and the volatility levels for the past 30 days are at 10.88% for QT Imaging Holdings Inc. The simple moving average for the past 20 days is -9.14% for QTI’s stock, with a -79.62% simple moving average for the past 200 days.
QTI Trading at -3.66% from the 50-Day Moving Average
After a stumble in the market that brought QTI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -95.97% of loss for the given period.
Volatility was left at 10.88%, however, over the last 30 days, the volatility rate increased by 12.53%, as shares sank -3.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.31% upper at present.
During the last 5 trading sessions, QTI remain unchanged, which changed the moving average for the period of 200-days by -94.67% in comparison to the 20-day moving average, which settled at $0.6384. In addition, QT Imaging Holdings Inc. saw -94.72% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for QTI
Current profitability levels for the company are sitting at:
- -3.03 for the present operating margin
- 0.5 for the gross margin
The net margin for QT Imaging Holdings Inc. stands at -2.34. The total capital return value is set at 2.08. Equity return is now at value -92.20, with -33.18 for asset returns.
Based on QT Imaging Holdings Inc. (QTI), the company’s capital structure generated 2.55 points at debt to capital in total, while cash flow to debt ratio is standing at -0.77. The debt to equity ratio resting at -1.64. The interest coverage ratio of the stock is -5.14.
Currently, EBITDA for the company is -4.93 million with net debt to EBITDA at -0.7. When we switch over and look at the enterprise to sales, we see a ratio of 6.12. The receivables turnover for the company is 4.43for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.62.
Conclusion
To wrap up, the performance of QT Imaging Holdings Inc. (QTI) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
