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After finishing at $11.92 in the prior trading day, Quanterix Corp (NASDAQ: QTRX) closed at $11.44, down -4.03%. In other words, the price has decreased by -$4.03 from its previous closing price. On the day, 0.56 million shares were traded. QTRX stock price reached its highest trading level at $11.98 during the session, while it also had its lowest trading level at $11.22.
Ratios:
Our goal is to gain a better understanding of QTRX by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 8.99 and its Current Ratio is at 9.74. In the meantime, Its Debt-to-Equity ratio is 0.12 whereas as Long-Term Debt/Eq ratio is at 0.10.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 20 ’24 when WALT DAVID R bought 47,000 shares for $13.29 per share. The transaction valued at 624,630 led to the insider holds 1,487,342 shares of the business.
Toloue Masoud bought 19,000 shares of QTRX for $207,100 on Aug 13 ’24. The President & CEO now owns 354,119 shares after completing the transaction at $10.90 per share. On May 14 ’24, another insider, OLSON LAURIE J, who serves as the Director of the company, sold 1,500 shares for $16.98 each. As a result, the insider received 25,470 and left with 13,738 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 439055744 and an Enterprise Value of 181777136. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.26 while its Price-to-Book (P/B) ratio in mrq is 1.30. Its current Enterprise Value per Revenue stands at 1.406 whereas that against EBITDA is -3.96.
Stock Price History:
Over the past 52 weeks, QTRX has reached a high of $29.70, while it has fallen to a 52-week low of $10.50. The 50-Day Moving Average of the stock is -11.66%, while the 200-Day Moving Average is calculated to be -31.24%.
Shares Statistics:
The stock has traded on average 400.65K shares per day over the past 3-months and 561650 shares per day over the last 10 days, according to various share statistics. A total of 38.01M shares are outstanding, with a floating share count of 35.82M. Insiders hold about 6.66% of the company’s shares, while institutions hold 87.67% stake in the company. Shares short for QTRX as of 1730332800 were 1989596 with a Short Ratio of 4.97, compared to 1727654400 on 2422630. Therefore, it implies a Short% of Shares Outstanding of 1989596 and a Short% of Float of 5.5.
