The stock of Quanterix Corp (NASDAQ: QTRX) has decreased by -18.26 when compared to last closing price of 15.17.Despite this, the company has seen a loss of -19.43% in its stock price over the last five trading days. globenewswire.com reported 2024-11-13 that Investors can contact the law firm at no cost to learn more about recovering their losses
Is It Worth Investing in Quanterix Corp (NASDAQ: QTRX) Right Now?
Company’s 36-month beta value is 1.36.Analysts have differing opinions on the stock, 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 35.82M, and currently, short sellers hold a 5.55% ratio of that floaft. The average trading volume of QTRX on November 14, 2024 was 392.84K shares.
QTRX’s Market Performance
QTRX stock saw a decrease of -19.43% in the past week, with a monthly decline of -0.64% and a quarterly a decrease of 9.25%. The volatility ratio for the week is 8.67%, and the volatility levels for the last 30 days are 6.11% for Quanterix Corp (QTRX). The simple moving average for the past 20 days is -8.01% for QTRX’s stock, with a -25.95% 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 -4.38% 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 -58.25% of loss for the given period.
Volatility was left at 6.11%, however, over the last 30 days, the volatility rate increased by 8.67%, as shares sank -3.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.73% upper at present.
During the last 5 trading sessions, QTRX fell by -19.43%, which changed the moving average for the period of 200-days by -45.88% in comparison to the 20-day moving average, which settled at $13.48. In addition, Quanterix Corp saw -54.65% 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 WALT DAVID R, who purchase 47,000 shares at the price of $13.29 back on Aug 20 ’24. After this action, WALT DAVID R now owns 1,487,342 shares of Quanterix Corp, valued at $624,630 using the latest closing price.
Toloue Masoud, the President & CEO of Quanterix Corp, purchase 19,000 shares at $10.90 during a trade that took place back on Aug 13 ’24, which means that Toloue Masoud is holding 354,119 shares at $207,100 based on the most recent closing price.
Stock Fundamentals for QTRX
Current profitability levels for the company are sitting at:
- -0.46 for the present operating margin
- 0.54 for the gross margin
The net margin for Quanterix Corp stands at -0.31. The total capital return value is set at -0.16. Equity return is now at value -11.48, with -9.45 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 -0.89. The debt to equity ratio resting at 0.12. The interest coverage ratio of the stock is -4.76.
Currently, EBITDA for the company is -38.09 million with net debt to EBITDA at 0.17. When we switch over and look at the enterprise to sales, we see a ratio of 3.64. The receivables turnover for the company is 4.05for trailing twelve months and the total asset turnover is 0.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 9.74.
Conclusion
In a nutshell, Quanterix Corp (QTRX) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
