Quanterix Corp (NASDAQ: QTRX) kicked off on Monday, up 6.75% from the previous trading day, before settling in for the closing price of $7.55. Over the past 52 weeks, QTRX has traded in a range of $7.41-$29.70.
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During the last 5-year period, the sales growth of Healthcare Sector giant was 22.91%. While this was happening, its average annual earnings per share was recorded -10.05%. With a float of $32.96 million, this company’s outstanding shares have now reached $38.48 million.
In terms of profitability, gross margin is 54.36%, operating margin of -42.65%, and the pretax margin is -29.78%.
Quanterix Corp (QTRX) Insider Activity
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 14.45%, while institutional ownership is 95.27%. 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) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -10.05% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 4.80% during the next five years compared to 12.06% growth over the previous five years of trading.
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 9.16. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.32.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.94, a number that is poised to hit -0.25 in the next quarter and is forecasted to reach -0.98 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 0.6 million, which is a drop from its year-to-date volume of 0.84 million. As of the previous 9 days, the stock’s Stochastic %D was 33.24%. Additionally, its Average True Range was 0.56.
During the past 100 days, Quanterix Corp’s (QTRX) raw stochastic average was set at 7.81%, which indicates a significant decrease from 44.03% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 49.37% in the past 14 days, which was lower than the 74.44% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.65, while its 200-day Moving Average is $12.67. However, in the short run, Quanterix Corp’s stock first resistance to watch stands at $8.28. Second resistance stands at $8.50. The third major resistance level sits at $8.92. If the price goes on to break the first support level at $7.64, it is likely to go to the next support level at $7.23. Should the price break the second support level, the third support level stands at $7.01.
Quanterix Corp (NASDAQ: QTRX) Key Stats
The company with the Market Capitalisation of 310.51 million has total of 38,524K 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 35,810 K and last quarter income was -8,350 K.
