QT Imaging Holdings Inc (NASDAQ: QTI)’s stock price has plunge by 10.43relation to previous closing price of 0.49. Nevertheless, the company has seen a 5.88% surge in its stock price over the last five trading sessions. businesswire.com reported 2024-10-29 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 the third year renewal of its five-year research grant from the National Institutes of Health (NIH)/National Cancer Institute (NCI). The study is a collaboration with the Department of Radiation Oncology, the Radiation Treatment Program at the Sunnybrook Health Sciences Centre in Toront.
Is It Worth Investing in QT Imaging Holdings Inc (NASDAQ: QTI) Right Now?
The 36-month beta value for QTI is at -0.23.
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The public float for QTI is 7.24M, and currently, shorts hold a 1.04% of that float. The average trading volume for QTI on November 15, 2024 was 110.97K shares.
QTI’s Market Performance
The stock of QT Imaging Holdings Inc (QTI) has seen a 5.88% increase in the past week, with a -6.90% drop in the past month, and a 2.23% gain in the past quarter. The volatility ratio for the week is 15.69%, and the volatility levels for the past 30 days are at 14.27% for QTI. The simple moving average for the last 20 days is -13.40% for QTI stock, with a simple moving average of -69.45% for the last 200 days.
QTI Trading at -13.70% 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 -96.25% of loss for the given period.
Volatility was left at 14.27%, however, over the last 30 days, the volatility rate increased by 15.69%, as shares sank -11.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.63% lower at present.
During the last 5 trading sessions, QTI rose by +11.31%, which changed the moving average for the period of 200-days by -94.83% in comparison to the 20-day moving average, which settled at $0.6249. In addition, QT Imaging Holdings Inc saw -95.09% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at QTI starting from GREENE JAMES S, who purchase 428,082 shares at the price of $0.58 back on Nov 12 ’24. After this action, GREENE JAMES S now owns 628,082 shares of QT Imaging Holdings Inc, valued at $250,000 using the latest closing price.
DICKSON DANIEL H, the Director of QT Imaging Holdings Inc, purchase 85,616 shares at $0.58 during a trade that took place back on Nov 12 ’24, which means that DICKSON DANIEL H is holding 85,616 shares at $50,000 based on the most recent closing price.
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 -4.02. The total capital return value is set at 2.08. Equity return is now at value -1122.93, with -66.10 for asset returns.
Based on QT Imaging Holdings Inc (QTI), the company’s capital structure generated 2.72 points at debt to capital in total, while cash flow to debt ratio is standing at -0.8. The debt to equity ratio resting at -1.58. The interest coverage ratio of the stock is -5.14.
Currently, EBITDA for the company is -3.39 million with net debt to EBITDA at -1.58. When we switch over and look at the enterprise to sales, we see a ratio of 5.92. 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 1.06.
Conclusion
In conclusion, QT Imaging Holdings Inc (QTI) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. 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.
