QT Imaging (NASDAQ:QTI) Stock Price Up 14.6% – Time to Buy?

QT Imaging Holdings, Inc. (NASDAQ:QTI) shares rose 14.6% during trading on Wednesday . The company traded as high as $0.56 and last traded at $0.55. Approximately 500,700 shares were traded during mid-day trading, an increase of 46% from the average daily volume of 341,845 shares. The stock had previously closed at $0.48.

QT Imaging Price Performance

The firm has a 50-day moving average of $0.47 and a two-hundred day moving average of $0.58.

Insider Transactions at QT Imaging

In related news, Director James S. Greene bought 428,082 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was purchased at an average price of $0.58 per share, for a total transaction of $248,287.56. Following the acquisition, the director now owns 628,082 shares of the company’s stock, valued at approximately $364,287.56. This trade represents a 214.04 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Avi S. Katz bought 470,890 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was purchased at an average cost of $0.58 per share, for a total transaction of $273,116.20. Following the transaction, the chairman now owns 657,960 shares of the company’s stock, valued at $381,616.80. This trade represents a 251.72 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 75.40% of the company’s stock.

Institutional Investors Weigh In On QT Imaging

An institutional investor recently bought a new position in QT Imaging stock. Atlas Merchant Capital LLC bought a new stake in QT Imaging Holdings, Inc. (NASDAQ:QTI) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 45,000 shares of the company’s stock, valued at approximately $33,000. Atlas Merchant Capital LLC owned approximately 0.21% of QT Imaging at the end of the most recent reporting period. 24.19% of the stock is currently owned by institutional investors.

QT Imaging Company Profile

QT Imaging Holdings, Inc engages in the research, development, and commercialization of body imaging systems for detection, diagnosis, monitoring, and treatment of diseases. The company offers QT Ultrasound Breast Scanner, an ultrasonic imaging system that provides reflection-mode and transmission-mode images of a patient’s breast.