Quanterix Corp (NASDAQ: QTRX) is -54.65% lower on its value in year-to-date trading and has touched a low of $10.50 and a high of $29.70 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The QTRX stock was last observed hovering at around $15.17 in the last trading session, with the day’s loss setting it -2.77%.
Currently trading at $12.40, the stock is -8.01% and -4.38% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.15 million and changing -18.26% at the moment leaves the stock -25.95% off its SMA200. QTRX registered -40.10% loss for a year compared to 6-month loss of -30.65%. The firm has a 50-day simple moving average (SMA 50) of $12.9661 and a 200-day simple moving average (SMA200) of $16.798525.
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The stock witnessed a -0.64% gain in the last 1 month and extending the period to 3 months gives it a 9.25%, and is -19.43% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.67% over the week and 6.11% over the month.
Quanterix Corp (QTRX) has around 441 employees, a market worth around $475.90M and $129.33M in sales. Profit margin for the company is -30.71%. Distance from 52-week low is 18.10% and -58.25% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.68%).
The EPS is expected to shrink by -12.40% this year
237.0 institutions hold shares in Quanterix Corp (QTRX), with institutional investors hold 91.30% of the company’s shares. The shares outstanding are 38.01M, and float is at 35.82M with Short Float at 5.55%. Institutions hold 85.32% of the Float.
The top institutional shareholder in the company is ALLIANCEBERNSTEIN L.P. with over 3.41 million shares valued at $45.11 million. The investor’s holdings represent 8.9566 of the QTRX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 3.14 million shares valued at $41.45 million to account for 8.2291 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 2.04 million shares representing 5.361 and valued at over $27.0 million, while PORTOLAN CAPITAL MANAGEMENT, LLC holds 5.0308 of the shares totaling 1.92 million with a market value of $25.34 million.
Quanterix Corp (QTRX) Insider Activity
The most recent transaction is an insider purchase by WALT DAVID R, the company’s Director. SEC filings show that WALT DAVID R bought 47,000 shares of the company’s common stock on Aug 20 ’24 at a price of $13.29 per share for a total of $0.62 million. Following the purchase, the insider now owns 1.49 million shares.
Quanterix Corp disclosed in a document filed with the SEC on Aug 13 ’24 that Toloue Masoud (President & CEO) bought a total of 19,000 shares of the company’s common stock. The trade occurred on Aug 13 ’24 and was made at $10.90 per share for $0.21 million. Following the transaction, the insider now directly holds 0.35 million shares of the QTRX stock.
Still, SEC filings show that on May 14 ’24, OLSON LAURIE J (Director) disposed off 1,500 shares at an average price of $16.98 for $25470.0. The insider now directly holds 13,738 shares of Quanterix Corp (QTRX).
