In the latest trading session, 0.7 million Quanterix Corp (NASDAQ:QTRX) shares changed hands as the company’s beta touched 1.36. With the company’s most recent per share price at $8.90 changed hands at -$0.21 or -2.31% at last look, the market valuation stands at $342.85M. QTRX’s current price is a discount, trading about -233.71% off its 52-week high of $29.70. The share price had its 52-week low at $8.91, which suggests the last value was -0.11% down since then. When we look at Quanterix Corp’s average trading volume, we note the 10-day average is 0.66 million shares, with the 3-month average coming to 449.26K.
Analysts gave the Quanterix Corp (QTRX) stock a consensus recommendation rating of Hold, calculated at a mean rating of 1.40. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended QTRX as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Quanterix Corp’s EPS for the current quarter is expected to be 0.
Quanterix Corp (NASDAQ:QTRX) trade information
Instantly QTRX was in red as seen in intraday trades today. With action -25.03%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -16.28%, with the 5-day performance at -25.03% in the red. However, in the 30-day time frame, Quanterix Corp (NASDAQ:QTRX) is -22.82% down. Looking at the short shares, we see there were 1.98 million shares sold at short interest cover period of 4.56 days.
The consensus price target for the stock as assigned by Wall Street analysts is 25, meaning bulls need an upside of 64.4% from its recent market value. According to analyst projections, QTRX’s forecast low is 13 with 32 as the target high. To hit the forecast high, the stock’s price needs a -259.55% plunge from its current level, while the stock would need to soar -46.07% for it to hit the projected low.
Quanterix Corp (QTRX) estimates and forecasts
Data shows that the Quanterix Corp share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -40.99% over the past 6 months, a -9.30% in annual growth rate that is considerably lower than the industry average of 12.00%. Year-over-year growth is forecast to reach 11.50% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 34.35M. 5 analysts are of the opinion that Quanterix Corp’s revenue for the current quarter will be 35.55M. The company’s revenue for the corresponding quarters a year ago was 31.55M and 32.07M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 8.89%. The estimates for the next quarter sales put growth at 10.86%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 12.06%. The 2025 estimates are for Quanterix Corp earnings to decrease by -9.47%.
QTRX Dividends
Quanterix Corp is expected to release its next quarterly earnings report in February.
Quanterix Corp (NASDAQ:QTRX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 6.54% of Quanterix Corp shares while 88.53% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 94.73%. There are 88.53% institutions holding the Quanterix Corp stock share, with ALLIANCEBERNSTEIN L.P. the top institutional holder. As of 2024-06-30, the company held 8.9566% of the shares, roughly 3.41 million QTRX shares worth $45.11 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 8.2291% or 3.14 million shares worth $41.45 million as of 2024-06-30.
Among Mutual Funds, the top two as of Nov 30, 2024 were Fidelity Strategic Advisers Fidelity U.S. Total Stock Fund and Fidelity Rutland Square Tr II-Strategic Advisers U.S. Total Stock Fd. With 1.56 shares estimated at $14.17 million under it, the former controlled 4.05% of total outstanding shares. On the other hand, Fidelity Rutland Square Tr II-Strategic Advisers U.S. Total Stock Fd held about 3.86% of the shares, roughly 1.49 shares worth around $13.53 million.
