Quanterix Corporation (NASDAQ:QTRX) saw an upside of 13.28% to close Tuesday at $46.75 after adding $5.48 on the day. The 5-day average trading volume is 586,800 shares of the company’s common stock. It has gained $49.60 in the past week. An average of 302,140 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 277,006.
QTRX’s 1-month performance is 1.17% or -$1.19 on its low of $41.05 reached on 10/11/21. The company’s shares have touched a 52-week low of $36.16 and high of $92.57, with the stock’s rally to the 52-week high happening on 02/19/21. YTD, QTRX has achieved 0.54% or $0.25. However, the current price is down -49.50%% from the 52-week high price.
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On Oct 01, 12 days have gone by since the last insider trading activity for Quanterix Corporation (QTRX). Roskey Mark T. (SVP, Strategic Partnerships) most recently sold 143 shares at $51.20 per share on Oct 01. This transaction cost the insider $7,322. Sr. VP, Diagnostics, Mattoon Dawn, sold 342 shares at a price of $51.20 on Oct 01. Then, on Oct 01, General Counsel & Secretary Fry John J sold 340 shares at a price of $51.20 per share. This transaction amounted to $17,408.
Quanterix Corporation (QTRX) has a trailing price-to-earnings (P/E) ratio of 26.30 for the broader industry and 32.19 for the sector.QTRX stock has a beta of 1.49. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 17.13 while the price-to-book (PB) in the most recent quarter is 3.65.
Quanterix Corporation’s quick ratio for the period ended June 29 was 12.10, with the current ratio over the same period at 12.60 meaning that QTRX stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.02. In terms of profitability, the gross margin trailing 12 months is 60.30%. The trailing 12-month EBITDA margin is -31.30% while for the period ending June 29; Quanterix Corporation’s operating margin was -28.30%. The firm’s gross profit as reported stood at $48.18 million against revenue of $86.38 million.
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 42.19% to $27.21 million, while revenue of $26.13 million was 3.97% off the previous quarter. Analysts expected QTRX to announce -$0.32 per share in earnings in its latest quarter, but it posted -$0.33, representing a -3.10% surprise. EBITDA for the quarter stood at more than -$12.25 million. QTRX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 62.03 million, with total debt at $30.25 million. Shareholders hold equity totaling $36.52 million
Let’s look briefly at Quanterix Corporation (QTRX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 47.92% to suggest the stock is trending Neutral, with historical volatility in this time period at 99.22%.
The stock’s 5-day moving average is $45.37, reflecting a -1.56% or -$0.74 change from its current price. QTRX is currently trading -1.50% above its 20-day SMA, -2.32% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -12.45% and +1.76% respectively.
Stochastic %K and %D was 16.25% and 13.23% and the average true range (ATR) pointed at 3.42. The RSI (14) points at 47.15%, while the 14-day stochastic is at 44.53% with the period’s ATR at 3.15. The stock’s 9-day MACD Oscillator is pointing at -3.15 and -4.55 on the 14-day charts.
In the most recent analyst report for Quanterix Corporation (NASDAQ: QTRX), Goldman launched coverage with a Sell rating. Analysts offering their rating for QTRX stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate QTRX as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.
What is QTRX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $58.00 and a high of $92.00, with their median price target at $75.00. Looking at these predictions, the average price target given by analysts is for Quanterix Corporation (QTRX) stock is $76.00.