QT Imaging (NASDAQ:QTI) Now Covered by Craig Hallum

Craig Hallum assumed coverage on shares of QT Imaging (NASDAQ:QTI) in a note issued to investors on Monday, MarketBeat reports. The brokerage set a “buy” rating on the stock.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of QT Imaging in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, QT Imaging has a consensus rating of “Moderate Buy” and an average target price of $8.00.

QT Imaging Trading Down 1.1%

QT Imaging stock traded down $0.03 during trading hours on Monday, reaching $2.58. The stock had a trading volume of 22,775 shares, compared to its average volume of 41,151. The stock has a market cap of $35.52 million, a PE ratio of -1.64 and a beta of 0.02. QT Imaging has a 52 week low of $2.00 and a 52 week high of $8.50. The company has a debt-to-equity ratio of 6.81, a current ratio of 3.10 and a quick ratio of 2.06. The company has a fifty day simple moving average of $2.75 and a 200-day simple moving average of $4.34.

QT Imaging (NASDAQ:QTI) last posted its 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 analysts’ expectations of $7.60 million. Analysts forecast that QT Imaging will post -1.11 EPS for the current fiscal year.

Institutional Trading of QT Imaging

Several large investors have recently bought and sold shares of QTI. BlackRock Inc. raised its position in shares of QT Imaging by 116.5% in the 2nd 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. Polar Asset Management Partners Inc. bought a new stake in shares of QT Imaging during the second quarter valued at approximately $210,000. Finally, Stonepine Capital Management LLC bought a new stake in shares of QT Imaging during the second quarter valued at approximately $407,000. 24.19% of the stock is owned by institutional investors.

About QT Imaging

QT Imaging Holdings, Inc (NASDAQ:QTI) is a medical technology company focused on developing and commercializing advanced breast-imaging systems. Its technology is designed to provide three-dimensional images of the breast without ionizing radiation or breast compression, supporting breast health assessment and potentially improving patient comfort.

The company’s primary product is the QTscan system, an automated breast-imaging platform that uses transmission ultrasound technology to create detailed images of breast tissue.