QT Imaging (NASDAQ:QTI) Trading Down 0.7% – Here’s Why

Shares of QT Imaging Holdings, Inc. (NASDAQ:QTI) fell 0.7% during trading on Thursday . The stock traded as low as $2.70 and last traded at $2.75. Approximately 6,307 shares traded hands during trading, a decline of 82% from the average daily volume of 34,708 shares. The stock had previously closed at $2.77.

Analysts Set New Price Targets

Several research firms have recently weighed in on QTI. Weiss Ratings reiterated a “sell (e+)” rating on shares of QT Imaging in a report on Friday, July 10th. Wall Street Zen upgraded shares of QT Imaging to a “hold” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

QT Imaging Stock Performance

The firm has a market cap of $36.35 million and a price-to-earnings ratio of -1.68. The stock has a 50-day moving average of $3.14 and a 200-day moving average of $4.83. The company has a debt-to-equity ratio of 6.81, a quick ratio of 2.06 and a current ratio of 3.10.

QT Imaging (NASDAQ:QTI) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.75) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.53). QT Imaging had a negative return on equity of 1,202.69% and a negative net margin of 77.25%.The firm had revenue of $7.44 million for the quarter, compared to analyst estimates of $7.60 million. As a group, analysts anticipate that QT Imaging Holdings, Inc. will post -1.11 EPS for the current fiscal year.

Institutional Investors Weigh In On QT Imaging

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Polar Asset Management Partners Inc. acquired a new position in shares of QT Imaging during the 2nd quarter worth about $210,000. BlackRock Inc. raised its holdings in QT Imaging by 116.5% during the second quarter. BlackRock Inc. now owns 61,353 shares of the company’s stock worth $250,000 after acquiring an additional 33,009 shares in the last quarter. Finally, Stonepine Capital Management LLC bought a new stake in QT Imaging during the second quarter worth about $407,000. 24.19% of the stock is currently owned by institutional investors and hedge funds.

QT Imaging Company Profile

QT Imaging Ltd. (NASDAQ: QTI) is a medical technology company specializing in the development and commercialization of advanced ultrasound imaging solutions. The company focuses on real-time volumetric imaging systems designed to enhance diagnostic capabilities in obstetrics, gynecology and other clinical applications. QT Imaging’s flagship Q.VIEW® system and associated software suite enable practitioners to capture, analyze and visualize high-resolution 3D/4D ultrasound images, offering improved workflow efficiency and enhanced patient care.

QT Imaging’s product portfolio includes proprietary transducers, imaging consoles and software platforms that can be integrated with existing ultrasound scanners from leading original equipment manufacturers.