Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
As of close of business last night, Quanterix Corp’s stock clocked out at $7.52, up 6.06% from its previous closing price of $7.09. In other words, the price has increased by $6.06 from its previous closing price. On the day, 0.74 million shares were traded.
Ratios:
To gain a deeper understanding of QTRX’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 9.16 and its Current Ratio is at 10.07. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 2.17 while its Price-to-Book (P/B) ratio in mrq is 0.85.
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 $7.08. The 50-Day Moving Average of the stock is -18.37%, while the 200-Day Moving Average is calculated to be -39.32%.
Shares Statistics:
A total of 38.48M shares are outstanding, with a floating share count of 32.96M. Insiders hold about 14.45% of the company’s shares, while institutions hold 95.26% stake in the company.
Earnings Estimates
The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0.
Revenue Estimates
In the current quarter, 2 analysts expect revenue to total $34.93M. It ranges from a high estimate of $34.99M to a low estimate of $34.87M. As of the current estimate, Quanterix Corp’s year-ago sales were $31.55MFor the next quarter, 2 analysts are estimating revenue of $34.77M. There is a high estimate of $36M for the next quarter, whereas the lowest estimate is $33.3M.
A total of 2 analysts have provided revenue estimates for QTRX’s current fiscal year. The highest revenue estimate was $137.25M, while the lowest revenue estimate was $137.13M, resulting in an average revenue estimate of $137.19M. In the same quarter a year ago, actual revenue was $122.37MBased on 5 analysts’ estimates, the company’s revenue will be $154.7M in the next fiscal year. The high estimate is $160.9M and the low estimate is $148.25M.
