The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
The closing price of Quanterix Corp (NASDAQ: QTRX) was $9.54 for the day, down -0.42% from the previous closing price of $9.58. In other words, the price has decreased by -$0.42 from its previous closing price. On the day, 0.66 million shares were traded. QTRX stock price reached its highest trading level at $9.83 during the session, while it also had its lowest trading level at $9.3.
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 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:
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:
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 472923552 and an Enterprise Value of 145700848. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.75 while its Price-to-Book (P/B) ratio in mrq is 1.08. Its current Enterprise Value per Revenue stands at 1.127 whereas that against EBITDA is -3.174.
Stock Price History:
The Beta on a monthly basis for QTRX is 1.34, which has changed by -0.5663196 over the last 52 weeks, in comparison to a change of 0.25219524 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 $8.21. The 50-Day Moving Average of the stock is -12.99%, while the 200-Day Moving Average is calculated to be -28.87%.
Shares Statistics:
QTRX traded an average of 582.56K shares per day over the past three months and 1262880 shares per day over the past ten days. A total of 38.48M shares are outstanding, with a floating share count of 32.97M. Insiders hold about 14.43% of the company’s shares, while institutions hold 87.16% stake in the company. Shares short for QTRX as of 1732838400 were 1982679 with a Short Ratio of 3.46, compared to 1730332800 on 1989596. Therefore, it implies a Short% of Shares Outstanding of 1982679 and a Short% of Float of 5.48.
