In last trading session, Quanterix Corp (NASDAQ:QTRX) saw 0.73 million shares changing hands with its beta currently measuring 1.29. Company’s recent per share price level of $7.06 trading at -$0.05 or -0.70% at ring of the bell on the day assigns it a market valuation of $271.98M. That closing price of QTRX’s stock is at a discount of -287.68% from its 52-week high price of $27.37 and is indicating a premium of 3.68% from its 52-week low price of $6.80. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.73 million shares which gives us an average trading volume of 753.50K 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.
Quanterix Corp (NASDAQ:QTRX) trade information
Upright in the red during last session for losing -0.70%, in the last five days QTRX remained trading in the red while hitting it’s week-highest on Tuesday, 03/11/25 when the stock touched $7.06 price level, adding 9.72% to its value on the day. Quanterix Corp’s shares saw a change of -33.58% in year-to-date performance and have moved -4.59% in past 5-day. Quanterix Corp (NASDAQ:QTRX) showed a performance of -9.60% in past 30-days. Number of shares sold short was 3.0 million shares which calculate 4.39 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 71.76% 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 -84.14% in reaching the projected high whereas dropping to the targeted low would mean a loss of -84.14% for stock’s current value.
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 14.90% of company’s total shares while institution are holding 96.34 percent of that, with stock having share float percentage of 113.20%. Investors also watch the number of corporate investors in a company very closely, which is 96.34% 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 8.9071 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 Dec 31, 2024 , the former fund manager was holding 1.64 shares of worth $11.58 million or 4.26% of the total outstanding shares. The later fund manager was in possession of 1.26 shares on Dec 31, 2024 , making its stake of worth around $8.86 million in the company or a holder of 3.26% of company’s stock.
