Quanterix Corp (NASDAQ: QTRX) is -31.89% lower on its value in year-to-date trading and has touched a low of $6.30 and a high of $27.37 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 $7.20 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $7.24, the stock is -2.82% and -13.41% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.99 million and changing 0.56% at the moment leaves the stock -38.77% off its SMA200. QTRX registered -72.76% loss for a year compared to 6-month loss of -45.15%. The firm has a 50-day simple moving average (SMA 50) of $8.361 and a 200-day simple moving average (SMA200) of $11.824575.
The stock witnessed a -7.30% gain in the last 1 month and extending the period to 3 months gives it a -36.55%, and is 1.83% up 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 7.70% over the week and 6.75% over the month.
Profit margin for the company is -26.69%. Distance from 52-week low is 14.92% and -73.55% from its 52-week high. The company has generated returns on investments over the last 12 months (-9.58%).
with sales reaching $28.32M over the same period.The EPS is expected to shrink by -19.74% this year, but quarterly earnings will post 2.95% year-over-year. Quarterly sales are estimated to shrink -11.70% in year-over-year returns.
217.0 institutions hold shares in Quanterix Corp (QTRX), with institutional investors hold 112.43% of the company’s shares. The shares outstanding are 38.48M, and float is at 32.96M with Short Float at 9.10%. Institutions hold 95.77% 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 8.9071 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).
