In today’s recent session, 0.38 million shares of the Quanterix Corp (NASDAQ:QTRX) have been traded, and its beta is 1.33. Most recently the company’s share price was $9.62, and it changed around -$0.1 or -1.03% from the last close, which brings the market valuation of the company to $370.61M. QTRX at last check was trading at a discount to its 52-week high of $29.70, offering almost -208.73% off that amount. The share price’s 52-week low was $8.21, which indicates that the recent value has risen by an impressive 14.66% since then. We note from Quanterix Corp’s average daily trading volume that its 10-day average is 1.2 million shares, with the 3-month average coming to 541.58K.
Quanterix Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.40. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 1 recommended QTRX as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Quanterix Corp is expected to report earnings per share of 0 for the current quarter.
Quanterix Corp (NASDAQ:QTRX) trade information
Instantly QTRX has been showing red trend so far today with a performance of -1.03% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 10.16 on recent trading dayincreased the stock’s daily price by 5.31%. The company’s shares are currently down -9.50% year-to-date, but still up 12.25% over the last five days. On the other hand, Quanterix Corp (NASDAQ:QTRX) is -6.87% down in the 30-day period. We can see from the shorts that 1.98 million shares have been sold at a short interest cover period of 4.56 day(s).
The consensus price target as assigned by Wall Street analysts is $25, which translates to bulls needing to increase their stock price by 61.52% from its current value. Analyst projections state that QTRX is forecast to be at a low of $13 and a high of $32.
Quanterix Corp (QTRX) estimates and forecasts
Quanterix Corp share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -35.39 percent over the past six months and at a -9.30% annual growth rate that is well below the industry average of 11.80%. The year-over-year growth rate is expected to be 12.06%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 34.87M in revenue for the current quarter. 5 analysts expect Quanterix Corp to make 35.1M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 31.55M and 32.07M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 10.52%. Forecasts for the next quarter put sales growth at 9.47%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 12.06%.
QTRX Dividends
Quanterix Corp’s next quarterly earnings report is expected to be released in February.
Quanterix Corp (NASDAQ:QTRX)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 6.54% of Quanterix Corp shares, and 88.53% of them are in the hands of institutional investors. The stock currently has a share float of 94.73%. Quanterix Corp stock is held by 223.0 institutions, with ALLIANCEBERNSTEIN L.P. being the largest institutional investor. By 2024-06-30, it held 8.9566% of the shares, which is about 3.41 million shares worth $45.11 million.
BLACKROCK INC., with 8.2291% or 3.14 million shares worth $41.45 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Fidelity Strategic Advisers Fidelity U.S. Total Stock Fund and AB Cap Fd.-AB Small Cap Growth Port were the top two Mutual Funds as of Nov 30, 2024. The former held 1.56 shares worth $14.95 million, making up 4.05% of all outstanding shares. On the other hand, AB Cap Fd.-AB Small Cap Growth Port held roughly 1.29 shares worth around $12.33 million, which represents about 3.34% of the total shares outstanding.
