Quanterix Corp (NASDAQ: QTRX) closed the day trading at $17.15 down -6.64% from the previous closing price of $18.37. On the day, 664814 shares were traded.
Ratios:
For a better understanding of QTRX, let’s look at its different 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:
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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 5.33 while its Price-to-Book (P/B) ratio in mrq is 1.88.
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 $11.39.
Shares Statistics:
A total of 38.01M shares are outstanding, with a floating share count of 34.44M. Insiders hold about 9.52% of the company’s shares, while institutions hold 83.56% stake in the company.
Earnings Estimates
Current recommendations for the stock of the company come from TRX Gold Corporation analysts. The consensus estimate for the next quarter is $25.23, with high estimates of $3.16 and low estimates of $17.15.
