Quanterix Corp [QTRX] stock prices are down -6.27% to $9.57 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The QTRX shares have gain 8.50% over the last week, with a monthly amount drifted -8.86%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Quanterix Corp [NASDAQ: QTRX] stock has seen the most recent analyst activity on February 01, 2024, when Scotiabank initiated its Sector Outperform rating and assigned the stock a price target of $30. Previously, Canaccord Genuity upgraded its rating to Buy on September 25, 2023, and elevated its price target to $32. On August 08, 2023, upgrade upgraded it’s rating to Outperform but maintained its price target of $30 on the stock. Goldman upgraded its rating to a Buy and increased its price target to $27 on May 23, 2023. Canaccord Genuity downgraded its rating to a Hold and reduced its price target to $12 on August 15, 2022. SVB Leerink downgraded its rating to Mkt Perform for this stock on August 09, 2022, and downed its price target to $15. In a note dated August 09, 2022, Cowen downgraded an Market Perform rating on this stock and revised its target price from $38 to $18.
The stock price of Quanterix Corp [QTRX] has been fluctuating between $8.21 and $29.70 over the past year. Currently, Wall Street analysts expect the stock to reach $23.33 within the next 12 months. Quanterix Corp [NASDAQ: QTRX] shares were valued at $9.57 at the most recent close of the market. An investor can expect a potential return of 143.78% based on the average QTRX price forecast.
Analyzing the QTRX fundamentals
The Quanterix Corp [NASDAQ:QTRX] reported sales of 133.81M for trailing twelve months, representing a surge of 14.29%. Gross Profit Margin for this corporation currently stands at 0.54% with Operating Profit Margin at -0.43%, Pretax Profit Margin comes in at -0.3%, and Net Profit Margin reading is -0.3%. To continue investigating profitability, this company’s Return on Assets is posted at -0.1, Equity is -0.12 and Total Capital is -0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.11.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 9.38 points at the first support level, and at 9.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.95, and for the 2nd resistance point, it is at 10.32.
Ratios To Look Out For
It’s worth pointing out that Quanterix Corp [NASDAQ:QTRX]’s Current Ratio is 10.07. Also, the Quick Ratio is 9.16, while the Cash Ratio stands at 0.8. Considering the valuation of this stock, the price to sales ratio is 2.76, the price to book ratio is 1.09.
Transactions by insiders
Recent insider trading involved WALT DAVID R, Director, that happened on Aug 20 ’24 when 47000.0 shares were purchased. President & CEO, Toloue Masoud completed a deal on Aug 13 ’24 to buy 19000.0 shares. Meanwhile, Director OLSON LAURIE J sold 1500.0 shares on May 14 ’24.
