Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
In the latest session, Quanterix Corp (NASDAQ: QTRX) closed at $15.58 up 0.13% from its previous closing price of $15.56. In other words, the price has increased by $0.13 from its previous closing price. On the day, 0.64 million shares were traded. QTRX stock price reached its highest trading level at $16.319 during the session, while it also had its lowest trading level at $15.565.
Ratios:
For a deeper understanding of Quanterix Corp’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 9.26 and its Current Ratio is at 9.84. In the meantime, Its Debt-to-Equity ratio is 0.12 whereas as Long-Term Debt/Eq ratio is at 0.11.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Scotiabank on February 01, 2024, initiated with a Sector Outperform rating and assigned the stock a target price of $30.
On September 25, 2023, Canaccord Genuity Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $25 to $32.
SVB Securities Upgraded its Market Perform to Outperform on August 08, 2023, while the target price for the stock was maintained at $30.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Apr 01 ’24 when OLSON LAURIE J sold 1,000 shares for $23.50 per share. The transaction valued at 23,500 led to the insider holds 15,238 shares of the business.
OLSON LAURIE J sold 1,500 shares of QTRX for $36,525 on Feb 14 ’24. The Director now owns 15,238 shares after completing the transaction at $24.35 per share. On Jan 02 ’24, another insider, OLSON LAURIE J, who serves as the Director of the company, sold 1,000 shares for $26.91 each. As a result, the insider received 26,910 and left with 16,738 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, QTRX now has a Market Capitalization of 595889792 and an Enterprise Value of 313171168. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.87 while its Price-to-Book (P/B) ratio in mrq is 1.71. Its current Enterprise Value per Revenue stands at 2.559 whereas that against EBITDA is -8.222.
Stock Price History:
The Beta on a monthly basis for QTRX is 1.40, which has changed by 0.2697637 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. Over the past 52 weeks, QTRX has reached a high of $29.70, while it has fallen to a 52-week low of $11.60. The 50-Day Moving Average of the stock is -31.64%, while the 200-Day Moving Average is calculated to be -34.59%.
Shares Statistics:
For the past three months, QTRX has traded an average of 361.88K shares per day and 427450 over the past ten days. A total of 38.01M shares are outstanding, with a floating share count of 34.61M. Insiders hold about 9.52% of the company’s shares, while institutions hold 83.20% stake in the company. Shares short for QTRX as of 1713139200 were 1107718 with a Short Ratio of 3.06, compared to 1710460800 on 1225944. Therefore, it implies a Short% of Shares Outstanding of 1107718 and a Short% of Float of 3.0700000000000003.
Earnings Estimates
Current recommendations for the stock of the company come from 4.0 analysts. On average, analysts expect EPS of -$0.31 for the current quarter, with a high estimate of -$0.27 and a low estimate of -$0.36, while EPS last year was -$0.16. The consensus estimate for the next quarter is -$0.26, with high estimates of -$0.23 and low estimates of -$0.28.
Analysts are recommending an EPS of between -$0.85 and -$1.13 for the fiscal current year, implying an average EPS of -$1.0. EPS for the following year is -$0.89, with 4.0 analysts recommending between -$0.63 and -$1.17.
Revenue Estimates
A total of 4 analysts believe the company’s revenue will be $31.62M this quarter.It ranges from a high estimate of $32.5M to a low estimate of $30.8M. As of the current estimate, Quanterix Corp’s year-ago sales were $28.46MFor the next quarter, 4 analysts are estimating revenue of $34.31M. There is a high estimate of $35.26M for the next quarter, whereas the lowest estimate is $33.3M.
A total of 5 analysts have provided revenue estimates for QTRX’s current fiscal year. The highest revenue estimate was $144.03M, while the lowest revenue estimate was $140M, resulting in an average revenue estimate of $141.74M. In the same quarter a year ago, actual revenue was $122.37MBased on 5 analysts’ estimates, the company’s revenue will be $167.02M in the next fiscal year. The high estimate is $176.96M and the low estimate is $162M.
