In last trading session, Quanterix Corp (NASDAQ:QTRX) saw 0.67 million shares changing hands with its beta currently measuring 1.33. Company’s recent per share price level of $9.19 trading at -$0.37 or -3.87% at ring of the bell on the day assigns it a market valuation of $354.04M. That closing price of QTRX’s stock is at a discount of -223.18% from its 52-week high price of $29.70 and is indicating a premium of 10.66% from its 52-week low price of $8.21. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.95 million shares which gives us an average trading volume of 598.93K if we extend that period to 3-months.
For Quanterix Corp (QTRX), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 1.40. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0 in the current quarter.
Quanterix Corp (NASDAQ:QTRX) trade information
Upright in the red during last session for losing -3.87%, in the last five days QTRX remained trading in the red while hitting it’s week-highest on Monday, 01/27/25 when the stock touched $9.19 price level, adding 8.01% to its value on the day. Quanterix Corp’s shares saw a change of -13.55% in year-to-date performance and have moved -3.97% in past 5-day. Quanterix Corp (NASDAQ:QTRX) showed a performance of -15.69% in past 30-days. Number of shares sold short was 1.98 million shares which calculate 4.56 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 25 to the stock, which implies a rise of 63.24% to its current value. Analysts have been projecting 13 as a low price target for the stock while placing it at a high target of 32. It follows that stock’s current price would drop -41.46% in reaching the projected high whereas dropping to the targeted low would mean a loss of -41.46% for stock’s current value.
Quanterix Corp (QTRX) estimates and forecasts
Statistics highlight that Quanterix Corp is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -37.74% of value to its shares in past 6 months, showing an annual growth rate of -13.95% while that of industry is 13.30. Apart from that, the company came lowering its revenue forecast for fiscal year 2025. This year revenue growth is estimated to rise 12.11% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 34.93M for the same. And 5 analysts are in estimates of company making revenue of 34.77M in the next quarter. Company posted 31.55M and 32.07M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 12.06% during past 5 years. In 2025, company’s earnings growth rate is likely to be around -10.05% while estimates for its earnings growth in next 5 years are of 4.80%.
Quanterix Corp (NASDAQ:QTRX)’s Major holders
Insiders are in possession of 6.54% of company’s total shares while institution are holding 88.53 percent of that, with stock having share float percentage of 94.73%. Investors also watch the number of corporate investors in a company very closely, which is 88.53% institutions for Quanterix Corp that are currently holding shares of the company. ALLIANCEBERNSTEIN L.P. is the top institutional holder at QTRX for having 3.41 million shares of worth $45.11 million. And as of 2024-06-30, it was holding 8.9566 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 3.14 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.2291 of outstanding shares, having a total worth of $41.45 million.
On the other hand, Fidelity Rutland Square Tr II-Strategic Advisers U.S. Total Stock Fd and AB Cap Fd.-AB Small Cap Growth Port are the top two Mutual Funds which own company’s shares. As of Nov 30, 2024 , the former fund manager was holding 1.56 shares of worth $14.32 million or 4.05% of the total outstanding shares. The later fund manager was in possession of 1.29 shares on Nov 30, 2024 , making its stake of worth around $11.82 million in the company or a holder of 3.34% of company’s stock.
