During the last session, Quanterix Corp (NASDAQ:QTRX)’s traded shares were 0.6 million, with the beta value of the company hitting 1.36. At the end of the trading day, the stock’s price was $14.54, reflecting an intraday loss of -6.13% or -$0.95. The 52-week high for the QTRX share is $29.70, that puts it down -104.26 from that peak though still a striking 27.79% gain since the share price plummeted to a 52-week low of $10.50. The company’s market capitalization is $558.05M, and the average intraday trading volume over the past 10 days was 0.42 million shares, and the average trade volume was 426.08K shares over the past three months.
Quanterix Corp (QTRX) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 1.33. QTRX has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.24.
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Quanterix Corp (NASDAQ:QTRX) trade information
Quanterix Corp (QTRX) registered a -6.13% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -6.13% in intraday trading to $14.54, hitting a weekly high. The stock’s 5-day price performance is 13.42%, and it has moved by 10.57% in 30 days. Based on these gigs, the overall price performance for the year is -43.16%. The short interest in Quanterix Corp (NASDAQ:QTRX) is 2.23 million shares and it means that shorts have 4.92 day(s) to cover.
The consensus price target of analysts on Wall Street is $25, which implies an increase of 41.84% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $13 and $32 respectively. As a result, QTRX is trading at a discount of -120.08% off the target high and 10.59% off the low.
Quanterix Corp (QTRX) estimates and forecasts
Statistics show that Quanterix Corp has underperformed its competitors in share price, compared to the industry in which it operates. Quanterix Corp (QTRX) shares have gone down -39.97% during the last six months, with a year-to-date growth rate less than the industry average at -2.33% against 13.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -14.30% this quarter and then jump 33.30% in the quarter after that. In the rating firms’ projections, revenue will increase 11.30% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 34.17M as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 35.62M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 31.33M and 31.55M respectively. In this case, analysts expect current quarter sales to grow by 9.10% and then jump by 12.90% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 9.72%. While earnings are projected to return -11.93% in 2024.
QTRX Dividends
Quanterix Corp is due to release its next quarterly earnings on 2024-Nov-04. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Quanterix Corp (NASDAQ:QTRX)’s Major holders
Quanterix Corp insiders own 6.51% of total outstanding shares while institutional holders control 86.35%, with the float percentage being 92.36%. ALLIANCEBERNSTEIN L.P. is the largest shareholder of the company, while 234.0 institutions own stock in it. As of 2024-06-30, the company held over 3.41 million shares (or 8.9566% of all shares), a total value of $45.11 million in shares.
The next largest institutional holding, with 3.14 million shares, is of BLACKROCK INC.’s that is approximately 8.2291% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $41.45 million.
Also, the Mutual Funds coming in first place with the largest holdings of Quanterix Corp (QTRX) shares are AB Cap Fd.-AB Small Cap Growth Port and Vanguard Total Stock Market Index Fund . Data provided on Jul 31, 2024 indicates that AB Cap Fd.-AB Small Cap Growth Port owns about 1.89 shares. This amounts to just over 4.93 percent of the company’s overall shares, with a $27.49 million market value. The same data shows that the other fund manager holds slightly less at 1.04, or about 2.71% of the stock, which is worth about $15.1 million.
