Quanterix Corp (NASDAQ: QTRX) is -30.39% lower on its value in year-to-date trading and has touched a low of $6.80 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 $7.49 in the last trading session, with the day’s loss setting it -0.09%.
Currently trading at $7.40, the stock is -4.28% and -18.20% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.84 million and changing -1.20% at the moment leaves the stock -39.56% off its SMA200. QTRX registered -73.77% loss for a year compared to 6-month loss of -39.89%.
The stock witnessed a -14.55% gain in the last 1 month and extending the period to 3 months gives it a -37.18%, and is -2.50% 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 8.06% over the week and 6.38% over the month.
Profit margin for the company is -26.69%. Distance from 52-week low is 8.82% and -75.08% from its 52-week high. The company has generated returns on investments over the last 12 months (-9.58%).
with sales reaching $34.93M over the same period.The EPS is expected to shrink by -10.05% this year, but quarterly earnings will post 12.11% year-over-year. Quarterly sales are estimated to grow 10.72% in year-over-year returns.
Quanterix Corp (QTRX) Top Institutional Holders
The shares outstanding are 38.48M, and float is at 32.96M with Short Float at 8.39%.
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 8.9071% 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 5.0029 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).
