During the last session, Quanterix Corp (NASDAQ:QTRX)’s traded shares were 0.36 million, with the beta value of the company hitting 1.34. At the end of the trading day, the stock’s price was $12.08, reflecting an intraday gain of 12.27% or $1.32. The 52-week high for the QTRX share is $29.70, that puts it down -145.86 from that peak though still a striking 18.29% gain since the share price plummeted to a 52-week low of $9.87. The company’s market capitalization is $465.37M, and the average intraday trading volume over the past 10 days was 0.44 million shares, and the average trade volume was 393.73K 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.
Quanterix Corp (NASDAQ:QTRX) trade information
Quanterix Corp (QTRX) registered a 12.27% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 12.27% in intraday trading to $12.08, hitting a weekly high. The stock’s 5-day price performance is 9.12%, and it has moved by 2.55% in 30 days. Based on these gigs, the overall price performance for the year is -53.34%. The short interest in Quanterix Corp (NASDAQ:QTRX) is 1.98 million shares and it means that shorts have 4.56 day(s) to cover.
The consensus price target of analysts on Wall Street is $25, which implies an increase of 51.68% 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 -164.9% off the target high and -7.62% 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 -1.23% during the last six months, with a year-to-date growth rate less than the industry average at -2.33% against 12.30.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 12.06%. While earnings are projected to return -10.86% in 2025.
QTRX Dividends
Quanterix Corp is due to release its next quarterly earnings in February. 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 6.54% of total outstanding shares while institutional holders control 88.53%, with the float percentage being 94.73%. ALLIANCEBERNSTEIN L.P. is the largest shareholder of the company, while 223.0 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.
