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The closing price of Quanterix Corp (NASDAQ: QTRX) was $12.58 for the day, down -1.10% from the previous closing price of $12.72. In other words, the price has decreased by -$1.10 from its previous closing price. On the day, 0.25 million shares were traded. QTRX stock price reached its highest trading level at $13.0 during the session, while it also had its lowest trading level at $12.34.
Ratios:
Our analysis of QTRX’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 14 ’24 when OLSON LAURIE J sold 1,500 shares for $16.98 per share. The transaction valued at 25,470 led to the insider holds 13,738 shares of the business.
OLSON LAURIE J sold 1,000 shares of QTRX for $23,500 on Apr 01 ’24. The Director now owns 15,238 shares after completing the transaction at $23.50 per share. On Feb 14 ’24, another insider, OLSON LAURIE J, who serves as the Director of the company, sold 1,500 shares for $24.35 each. As a result, the insider received 36,525 and left with 15,238 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 479141664 and an Enterprise Value of 217670496. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.82 while its Price-to-Book (P/B) ratio in mrq is 1.41. Its current Enterprise Value per Revenue stands at 1.728 whereas that against EBITDA is -5.116.
Stock Price History:
The Beta on a monthly basis for QTRX is 1.39, which has changed by -0.40803784 over the last 52 weeks, in comparison to a change of 0.25510752 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 $11.83. The 50-Day Moving Average of the stock is -19.93%, while the 200-Day Moving Average is calculated to be -42.29%.
Shares Statistics:
QTRX traded an average of 448.20K shares per day over the past three months and 444720 shares per day over the past ten days. A total of 38.01M shares are outstanding, with a floating share count of 34.81M. Insiders hold about 9.03% of the company’s shares, while institutions hold 86.67% stake in the company. Shares short for QTRX as of 1718323200 were 1689220 with a Short Ratio of 3.77, compared to 1715731200 on 1077013. Therefore, it implies a Short% of Shares Outstanding of 1689220 and a Short% of Float of 4.6899999999999995.
