Let’s look at the key reasons that are pushing Quanterix Corp (QTRX) to new highs

Quanterix Corp (NASDAQ: QTRX) kicked off on Friday, down -4.03% from the previous trading day, before settling in for the closing price of $11.92. Over the past 52 weeks, QTRX has traded in a range of $10.50-$29.70.

During the last 5-year period, the sales growth of Healthcare Sector giant was 28.48%. While this was happening, its average annual earnings per share was recorded -10.47%. With a float of $35.82 million, this company’s outstanding shares have now reached $38.01 million.

Let’s determine the extent of company efficiency that accounts for 441 employees. In terms of profitability, gross margin is 54.38%, operating margin of -45.73%, and the pretax margin is -30.33%.

Quanterix Corp (QTRX) Breakdown of a Key Holders of the stock

Our next focus will be how large-scale investors are participating in this stock of the Medical Devices Industry. The insider ownership of Quanterix Corp is 6.66%, while institutional ownership is 87.67%. The most recent insider transaction that took place on Aug 20 ’24, was worth 624,630. In this transaction Director of this company bought 47,000 shares at a rate of $13.29, taking the stock ownership to the 1,487,342 shares. Before that another transaction happened on Aug 13 ’24, when Company’s President & CEO bought 19,000 for $10.90, making the entire transaction worth $207,100. This insider now owns 354,119 shares in total.

Quanterix Corp (QTRX) Recent Fiscal highlights

In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -0.21 earnings per share (EPS), higher than consensus estimate (set at -0.4) by 0.19. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.22 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -10.47% per share during the next fiscal year.

Quanterix Corp (NASDAQ: QTRX) Trading Performance Indicators

Take a look at Quanterix Corp’s (QTRX) current performance indicators. Last quarter, stock had a quick ratio of 8.99. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.26.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.04, a number that is poised to hit -0.22 in the next quarter and is forecasted to reach -0.86 in one year’s time.

Technical Analysis of Quanterix Corp (QTRX)

Looking closely at Quanterix Corp (NASDAQ: QTRX), its last 5-days average volume was 0.7 million, which is a jump from its year-to-date volume of 0.4 million. As of the previous 9 days, the stock’s Stochastic %D was 7.86%. Additionally, its Average True Range was 0.89.

During the past 100 days, Quanterix Corp’s (QTRX) raw stochastic average was set at 15.06%, which indicates a significant increase from 4.94% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 97.99% in the past 14 days, which was higher than the 68.93% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $12.95, while its 200-day Moving Average is $16.64. However, in the short run, Quanterix Corp’s stock first resistance to watch stands at $11.87. Second resistance stands at $12.31. The third major resistance level sits at $12.63. If the price goes on to break the first support level at $11.11, it is likely to go to the next support level at $10.79. Now, if the price goes above the second support level, the third support stands at $10.35.

Quanterix Corp (NASDAQ: QTRX) Key Stats

The company with the Market Capitalisation of 421.38 million has total of 38,379K Shares Outstanding. Its annual sales at the moment are 122,370 K in contrast with the sum of -32,330 K annual income. Company’s last quarter sales were recorded 34,380 K and last quarter income was -9,470 K.