QT Imaging (NASDAQ:QTI) Research Coverage Started at D. Boral Capital

D. Boral Capital started coverage on shares of QT Imaging (NASDAQ:QTI) in a report published on Friday morning,Benzinga reports. The brokerage issued a buy rating and a $9.00 price target on the stock.

Other equities analysts also recently issued reports about the stock. Weiss Ratings restated a “sell (e+)” rating on shares of QT Imaging in a research note on Tuesday, October 6th. Craig Hallum assumed coverage on QT Imaging in a research report on Monday, October 5th. They issued a “buy” rating and a $8.00 target price on the stock. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, QT Imaging has a consensus rating of “Hold” and a consensus price target of $8.50.

QT Imaging Price Performance

NASDAQ QTI opened at $2.25 on Friday. The firm’s 50 day moving average is $2.65 and its 200-day moving average is $3.93. The company has a quick ratio of 2.06, a current ratio of 3.10 and a debt-to-equity ratio of 6.81. The company has a market capitalization of $30.98 million, a PE ratio of -1.43 and a beta of 0.02. QT Imaging has a 12-month low of $2.25 and a 12-month high of $8.50.

QT Imaging (NASDAQ:QTI) last announced its earnings results on Wednesday, August 12th. The company reported ($0.75) EPS for the quarter, missing the consensus estimate 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 business had revenue of $7.44 million for the quarter, compared to analyst estimates of $7.60 million. Equities research analysts anticipate that QT Imaging will post -1.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On QT Imaging

Hedge funds and other institutional investors have recently made changes to their positions in the company. Polar Asset Management Partners Inc. acquired a new position in QT Imaging during the second quarter worth $210,000. Stonepine Capital Management LLC acquired a new stake in QT Imaging in the second quarter valued at $407,000. Finally, BlackRock Inc. lifted its stake in QT Imaging by 116.5% in the second quarter. BlackRock Inc. now owns 61,353 shares of the company’s stock valued at $250,000 after acquiring an additional 33,009 shares during the last quarter. 24.19% of the stock is owned by institutional investors.

QT Imaging Company Profile

QT Imaging Holdings, Inc (NASDAQ:QTI) is a medical technology company that develops advanced ultrasound-based imaging systems. Its technology is designed to create three-dimensional images of human tissue without using ionizing radiation.

The company’s principal product is the QTscan, an automated breast-imaging system that uses sound waves to capture images without breast compression. The system is intended to support breast imaging and may be particularly relevant for evaluating breast tissue that can be difficult to assess with conventional mammography.