Quanterix Corp (NASDAQ: QTRX) closed the day trading at $21.90 down -2.54% from the previous closing price of $22.47. In other words, the price has decreased by -$0.57 from its previous closing price. On the day, 798121 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 Feb 14 ’24 when OLSON LAURIE J sold 1,500 shares for $24.35 per share. The transaction valued at 36,525 led to the insider holds 15,238 shares of the business.
OLSON LAURIE J sold 1,000 shares of QTRX for $26,910 on Jan 02 ’24. The Director now owns 16,738 shares after completing the transaction at $26.91 per share. On Sep 08 ’23, another insider, DONNELLY WILLIAM P, who serves as the Director of the company, bought 20,200 shares for $24.85 each. As a result, the insider paid 501,978 and bolstered with 28,438 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 833.59M and an Enterprise Value of 553.73M. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.81 while its Price-to-Book (P/B) ratio in mrq is 2.40. Its current Enterprise Value per Revenue stands at 4.57 whereas that against EBITDA is -13.92.
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 $10.02. The 50-Day Moving Average of the stock is 24.70, while the 200-Day Moving Average is calculated to be 24.25.
Shares Statistics:
Over the past 3-months, QTRX traded about 322.41K shares per day on average, while over the past 10 days, QTRX traded about 379.17k shares per day. A total of 38.01M shares are outstanding, with a floating share count of 34.42M. Insiders hold about 9.58% of the company’s shares, while institutions hold 83.62% stake in the company. Shares short for QTRX as of Feb 29, 2024 were 1.12M with a Short Ratio of 3.49, compared to 952.33k on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.95% and a Short% of Float of 3.13%.
