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After finishing at $17.36 in the prior trading day, Quanterix Corp (NASDAQ: QTRX) closed at $16.51, down -4.90%. In other words, the price has decreased by -$4.90 from its previous closing price. On the day, 1.0 million shares were traded. QTRX stock price reached its highest trading level at $17.55 during the session, while it also had its lowest trading level at $14.255.
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 10.57 and its Current Ratio is at 11.38. 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:
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 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 631459648 and an Enterprise Value of 400396352. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.01 while its Price-to-Book (P/B) ratio in mrq is 1.81. Its current Enterprise Value per Revenue stands at 3.178 whereas that against EBITDA is -9.41.
Stock Price History:
The Beta on a monthly basis for QTRX is 1.52, which has changed by -0.0141964555 over the last 52 weeks, in comparison to a change of 0.2537824 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 $15.32. The 50-Day Moving Average of the stock is -23.29%, while the 200-Day Moving Average is calculated to be -29.91%.
Shares Statistics:
The stock has traded on average 383.43K shares per day over the past 3-months and 401740 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 34.61M. Insiders hold about 9.51% of the company’s shares, while institutions hold 83.83% stake in the company. Shares short for QTRX as of 1713139200 were 1107718 with a Short Ratio of 2.89, 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
The current assessment of Quanterix Corp (QTRX) involves the perspectives of 4.0 analysts closely monitoring its market dynamics.On average, analysts expect EPS of -$0.26 for the current quarter, with a high estimate of -$0.23 and a low estimate of -$0.28, while EPS last year was -$0.16. The consensus estimate for the next quarter is -$0.23, with high estimates of -$0.19 and low estimates of -$0.25.
Analysts are recommending an EPS of between -$0.3 and -$1.13 for the fiscal current year, implying an average EPS of -$0.83. EPS for the following year is -$0.89, with 4.0 analysts recommending between -$0.63 and -$1.17.
Revenue Estimates
4 analysts predict $34.31M in revenue for the current quarter. It ranges from a high estimate of $35.26M to a low estimate of $33.3M. As of the current estimate, Quanterix Corp’s year-ago sales were $25.89MFor the next quarter, 4 analysts are estimating revenue of $36.64M. There is a high estimate of $37.42M for the next quarter, whereas the lowest estimate is $36.2M.
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.
