Quanterix Corp (QTRX) recent activity suggests a positive outlook with the last week’s performance of -12.03%

Quanterix Corp (NASDAQ: QTRX) on Monday, plunged -6.59% from the previous trading day, before settling in for the closing price of $7.59. Within the past 52 weeks, QTRX’s price has moved between $7.30 and $29.70.

A company in the Healthcare sector has jumped its sales by 22.91% annually for the last half of the decade. The company achieved an average annual earnings per share of -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 and Institutional Ownership

Observing investor behavior towards Medical Devices industry stocks is more important than anything else. The insider ownership of Quanterix Corp is 14.45%, while institutional ownership is 95.26%. 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) Latest Financial update

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

Quanterix Corp (QTRX) is currently performing well based on its current performance indicators. A quick ratio of 9.16 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.04.

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)

Let’s dig in a bit further. During the last 5-days, its volume was 0.83 million. That was inferior than the volume of 0.84 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 12.66%. Additionally, its Average True Range was 0.56.

During the past 100 days, Quanterix Corp’s (QTRX) raw stochastic average was set at 0.12%, which indicates a significant decrease from 0.83% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 55.65% in the past 14 days, which was lower than the 75.36% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $9.28, while its 200-day Moving Average is $12.44. However, in the short run, Quanterix Corp’s stock first resistance to watch stands at $7.69. Second resistance stands at $8.28. The third major resistance level sits at $8.59. If the price goes on to break the first support level at $6.79, it is likely to go to the next support level at $6.48. The third support level lies at $5.89 if the price breaches the second support level.

Quanterix Corp (NASDAQ: QTRX) Key Stats

Market capitalization of the company is 273.14 million based on 38,524K outstanding shares. Right now, sales total 122,370 K and income totals -32,330 K. The company made 35,810 K in profit during its latest quarter, and -8,350 K in sales during its previous quarter.