Quanterix Corporation (NASDAQ:QTRX) has a beta value of 0 and has seen 348,166 shares traded in the last trading session. The company, currently valued at $1.46 Billion, closed the last trade at $46.05 per share which meant it gained $0.04 on the day or 0.09% during that session. The QTRX stock price is -14.55% off its 52-week high price of $52.75 and 76.33% above the 52-week low of $10.9. If we look at the company’s 10-day average daily trading volume, we find that it stood at 191.79 Million shares traded. The 3-month trading volume is 192.19 Million shares.
The consensus among analysts is that Quanterix Corporation (QTRX) is a Buy stock at the moment, with a recommendation rating of 0. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 5 have rated it as a Hold, with 5 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.32.
Quanterix Corporation (NASDAQ:QTRX) trade information
Sporting 0.09% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Nov 16 when the QTRX stock price touched $50.03- or saw a rise of 7.96%. Year-to-date, Quanterix Corporation shares have moved 94.88%, while the 5-day performance has seen it change -7.68%. Over the past 30 days, the shares of Quanterix Corporation (NASDAQ:QTRX) have changed 12.54%. Short interest in the company has seen 640.94 Million shares shorted with days to cover at 3.33.
Wall Street analysts have a consensus price target for the stock at $51.5, which means that the shares’ value could jump 11.83% from current levels. The projected low price target is $47 while the price target rests at a high of $55. In that case, then, we find that the current price level is +19.44% off the targeted high while a plunge would see the stock lose 2.06% from current levels.
Quanterix Corporation (QTRX) estimates and forecasts
Figures show that Quanterix Corporation shares have underperformed across the wider relevant industry. The company’s shares have gained +76.1% over the past 6 months, with this year growth rate of -44.17%, compared to 10.2% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 17.9% and 29.3% for the next quarter. Revenue growth from the last financial year stood is estimated to be +47.8%.
5 analysts offering their estimates for the company have set an average revenue estimate of $21.59 Million for the current quarter. 5 have an estimated revenue figure of $22.81 Million for the next quarter concluding in March 01, 2021. Year-ago sales stood $15.92 Million and $15.73 Million respectively for this quarter and the next, and analysts expect sales will grow by 35.6% for the current quarter and 45% for the next.
Earnings growth for 2020 is a modest -13.4%.
Quanterix Corporation (NASDAQ:QTRX)’s Major holders
Insiders own 8.09% of the company shares, while shares held by institutions stand at 85.65% with a share float percentage of 93.19%. Investors are also buoyed by the number of investors in a company, with Quanterix Corporation having a total of 173 institutions that hold shares in the company. The top two institutional holders are Gilder, Gagnon, Howe & Co. with over 2.95 Million shares worth more than $99.52 Million. As of September 29, 2020, Gilder, Gagnon, Howe & Co. held 9.31% of shares outstanding.
The other major institutional holder is Bain Capital Venture Investors, LLC, with the holding of over 2.14 Million shares as of September 29, 2020. The firm’s total holdings are worth over $72.07 Million and represent 6.75% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Delaware Group Equity Funds IV-Delaware SMID Cap Growth Fund and Price (T.Rowe) Health Sciences Fund. As of June 29, 2020, the former fund manager holds about 4.11% shares in the company for having 1302095 shares of worth $35.66 Million while later fund manager owns 778.56 Thousand shares of worth $26.27 Million as of September 29, 2020, which makes it owner of about 2.46% of company’s outstanding stock.