Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The closing price of Quanterix Corp (NASDAQ: QTRX) was $6.05 for the day, up 4.67% from the previous closing price of $5.78. In other words, the price has increased by $4.67 from its previous closing price. On the day, 1.36 million shares were traded.
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 7.88 and its Current Ratio is at 8.66. In the meantime, Its Debt-to-Equity ratio is 0.11 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:
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 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 1.71 while its Price-to-Book (P/B) ratio in mrq is 0.71.
Stock Price History:
Over the past 52 weeks, QTRX has reached a high of $19.17, while it has fallen to a 52-week low of $4.67. The 50-Day Moving Average of the stock is -8.67%, while the 200-Day Moving Average is calculated to be -43.53%.
Shares Statistics:
A total of 38.57M shares are outstanding, with a floating share count of 33.17M. Insiders hold about 14.49% of the company’s shares, while institutions hold 89.78% stake in the company.
