Quanterix Corp (NASDAQ: QTRX)’s stock price has gone rise by 0.73 in comparison to its previous close of 12.26, however, the company has experienced a -7.90% decrease in its stock price over the last five trading days. businesswire.com reported 2024-06-17 that BILLERICA, Mass.–(BUSINESS WIRE)–Quanterix Corporation (NASDAQ: QTRX), a company fueling scientific discovery through ultrasensitive biomarker detection, today announced that Chief Executive Officer, Masoud Toloue, and Chief Financial Officer, Vandana Sriram, will attend the Scotiabank Healthcare 1×1 Day on June 20, 2024. To learn more about Quanterix, visit www.quanterix.com/company. To learn more about Quanterix’s Simoa® technology, visit www.quanterix.com/simoa-technology. About Quanterix.
Is It Worth Investing in Quanterix Corp (NASDAQ: QTRX) Right Now?
The stock has a 36-month beta value of 1.37. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for QTRX is 34.81M, and at present, short sellers hold a 4.85% of that float. On June 27, 2024, the average trading volume of QTRX was 438.43K shares.
QTRX’s Market Performance
QTRX’s stock has seen a -7.90% decrease for the week, with a -25.24% drop in the past month and a -46.14% fall in the past quarter. The volatility ratio for the week is 5.85%, and the volatility levels for the past 30 days are at 7.20% for Quanterix Corp The simple moving average for the past 20 days is -17.97% for QTRX’s stock, with a -43.99% simple moving average for the past 200 days.
Analysts’ Opinion of QTRX
Many brokerage firms have already submitted their reports for QTRX stocks, with Scotiabank repeating the rating for QTRX by listing it as a “Sector Outperform.” The predicted price for QTRX in the upcoming period, according to Scotiabank is $30 based on the research report published on February 01, 2024 of the current year 2024.
Canaccord Genuity, on the other hand, stated in their research note that they expect to see QTRX reach a price target of $32, previously predicting the price at $25. The rating they have provided for QTRX stocks is “Buy” according to the report published on September 25th, 2023.
SVB Securities gave a rating of “Outperform” to QTRX, setting the target price at $30 in the report published on August 08th of the previous year.
QTRX Trading at -22.55% from the 50-Day Moving Average
After a stumble in the market that brought QTRX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -58.42% of loss for the given period.
Volatility was left at 7.20%, however, over the last 30 days, the volatility rate increased by 5.85%, as shares sank -23.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -22.84% lower at present.
During the last 5 trading sessions, QTRX fell by -8.28%, which changed the moving average for the period of 200-days by -49.42% in comparison to the 20-day moving average, which settled at $14.86. In addition, Quanterix Corp saw -54.83% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at QTRX starting from OLSON LAURIE J, who sale 1,500 shares at the price of $16.98 back on May 14 ’24. After this action, OLSON LAURIE J now owns 13,738 shares of Quanterix Corp, valued at $25,470 using the latest closing price.
OLSON LAURIE J, the Director of Quanterix Corp, sale 1,000 shares at $23.50 during a trade that took place back on Apr 01 ’24, which means that OLSON LAURIE J is holding 15,238 shares at $23,500 based on the most recent closing price.
Stock Fundamentals for QTRX
Current profitability levels for the company are sitting at:
- -0.44 for the present operating margin
- 0.55 for the gross margin
The net margin for Quanterix Corp stands at -0.29. The total capital return value is set at -0.15. Equity return is now at value -10.39, with -8.65 for asset returns.
Based on Quanterix Corp (QTRX), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at -0.73. The debt to equity ratio resting at 0.12. The interest coverage ratio of the stock is -4.47.
Currently, EBITDA for the company is -38.25 million with net debt to EBITDA at 0.1. When we switch over and look at the enterprise to sales, we see a ratio of 3.72. The receivables turnover for the company is 4.11for trailing twelve months and the total asset turnover is 0.3. The liquidity ratio also appears to be rather interesting for investors as it stands at 11.38.
Conclusion
To sum up, Quanterix Corp (QTRX) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
