The stock of Quanterix Corporation (NASDAQ:QTRX) increased by $0.87 on Friday to finish at $25.05, up 3.60 percent. The last five days have seen an average of 625,800 shares of common stock traded. 18 times new highs were reached in the current year, with a gain of $11.20. The average number of shares traded over the last 20 days was 419,110, while the average volume over the last 50 days totaled 376,052.
QTRX stock appreciated 1.62% since last month. On 08/03/23, the company’s shares reached a one-month low of $21.17. The stock touched a high of $28.77 on 08/08/23, after rallying from a low of $8.02 in 52 weeks. The price of QTRX stock has risen by 80.87% or $11.20 this year, reaching a new high 18 times. Still, the stock price is down -12.93% from the 52-week high.
Insider Transactions
QTRX stock investors should be aware that Quanterix Corporation (QTRX) stock had its last reported insider trading activity 364 days ago on Aug 15. On Aug 15, CFO and Treasurer DOYLE MICHAEL A acquired 15,000 shares at $10.16 each. This transaction resulted in the insider spending $152,418.
Valuation Metrics
Beta for the stock is 1.33. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 8.11, the price-to-book (PB) ratio of 2.64.
Financial Health
For the recent quarter, Quanterix Corporation’s quick ratio was 11.30, while its current ratio was 11.90, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 53.20% percent. Quanterix Corporation’s EBITDA margin for the recent year was -61.61%, whereas its operating margin stood at -69.30% for the same period. Based on annual data, it had gross profit of $46.81 million and revenue of $105.52 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. QTRX’s return on assets (ROA) during the last 12 months has been -15.20%. There was a -28.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -18.20%.
Earnings Surprise
A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $30.14 million, while revenues fell by -4.15% to $28.28 million. EBITDA was -$7.15 million for the quarter. At the end of Quanterix Corporation’s most recent quarter, its liabilities totaled 73.85 million, while its total debt was $43.36 million. Equity owned by shareholders amounts to $37.55 million.
Technical Picture
Here’s a quick look at Quanterix Corporation’s (QTRX) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 56.08%, suggesting the stock is Neutral, with a 104.74% historical volatility rate.
The stochastic %K and %D were 50.76% and 48.76% respectively, while the average true range (ATR) was 1.96. Based on the 14-day stochastic reading of 51.02%, the RSI (14) reading is 55.50%. On the 9-day MACD Oscillator, the stock is at 1.00, and the 14-day reading is at 1.17.
Analyst Ratings
In its most recent analyst report, SVB Securities raised its rating on Quanterix Corporation (NASDAQ: QTRX) to an Outperform. Prior to this, analysts firm rated the stock as a Market perform. Analysts have assigned Quanterix Corporation (QTRX) an Overweight rating. QTRX is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is QTRX’s price target for the next 12 months?
The current consensus forecast for the stock is between $25.00 and $30.00, with a median target price of $29.00. In analyzing these forecasts, the average price target given by analysts for Quanterix Corporation (QTRX) is $28.25.
