Additionally, the 36-month beta value for QTRX is 1.34. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for QTRX is 35.98M and currently, short sellers hold a 5.50% ratio of that float. The average trading volume of QTRX on January 09, 2025 was 394.79K shares.
QTRX) stock’s latest price update
Quanterix Corp (NASDAQ: QTRX)’s stock price has decreased by -0.51 compared to its previous closing price of 11.79. However, the company has seen a 10.35% increase in its stock price over the last five trading sessions. prnewswire.com reported 2025-01-08 that NEW YORK, Jan. 8, 2025 /PRNewswire/ — Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Quanterix Corporation (NASDAQ: QTRX) resulting from allegations that Quanterix may have issued materially misleading business information to the investing public. So What: If you purchased Quanterix securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
QTRX’s Market Performance
Quanterix Corp (QTRX) has experienced a 10.35% rise in stock performance for the past week, with a -2.01% drop in the past month, and a 2.53% rise in the past quarter. The volatility ratio for the week is 6.72%, and the volatility levels for the past 30 days are at 6.26% for QTRX. The simple moving average for the past 20 days is 5.89% for QTRX’s stock, with a -17.26% 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 previous 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 -3.27% 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 -60.51% of loss for the given period.
Volatility was left at 6.26%, however, over the last 30 days, the volatility rate increased by 6.72%, as shares sank -3.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.93% lower at present.
During the last 5 trading sessions, QTRX rose by +10.35%, which changed the moving average for the period of 200-days by -49.72% in comparison to the 20-day moving average, which settled at $11.08. In addition, Quanterix Corp saw 10.35% in overturn over a single year, with a tendency to cut further gains.
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:
- -0.43 for the present operating margin
- 0.54 for the gross margin
The net margin for Quanterix Corp stands at -0.3. The total capital return value is set at -0.15. Equity return is now at value -10.32, with -8.50 for asset returns.
Currently, EBITDA for the company is -38.09 million with net debt to EBITDA at -0.21. When we switch over and look at the enterprise to sales, we see a ratio of 3.46. The receivables turnover for the company is 4.29for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 10.07.
Conclusion
In conclusion, Quanterix Corp (QTRX) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
