Quanterix Corp (NASDAQ: QTRX) kicked off on Friday, down -3.10% from the previous trading day, before settling in for the closing price of $6.77. Over the past 52 weeks, QTRX has traded in a range of $6.30-$23.94.
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A company in the Healthcare sector has jumped its sales by 20.79% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded -27.18%. With a float of $33.17 million, this company’s outstanding shares have now reached $38.57 million.
In an organization with 471 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 59.56%, operating margin of -39.11%, and the pretax margin is -28.53%.
Quanterix Corp (QTRX) Insider Updates
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 14.46%, while institutional ownership is 95.55%. 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) Performance Highlights and Predictions
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 -27.18% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.06% during the next five years compared to 9.19% 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 7.88. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.85.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.00, a number that is poised to hit -0.43 in the next quarter and is forecasted to reach -1.01 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 0.52 million. That was inferior than the volume of 0.82 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 30.28%. Additionally, its Average True Range was 0.48.
During the past 100 days, Quanterix Corp’s (QTRX) raw stochastic average was set at 2.77%, which indicates a significant decrease from 17.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.69% in the past 14 days, which was lower than the 74.69% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.00, while its 200-day Moving Average is $11.55. However, in the short run, Quanterix Corp’s stock first resistance to watch stands at $7.06. Second resistance stands at $7.56. The third major resistance level sits at $7.86. If the price goes on to break the first support level at $6.26, it is likely to go to the next support level at $5.96. Assuming the price breaks the second support level, the third support level stands at $5.46.
Quanterix Corp (NASDAQ: QTRX) Key Stats
The company with the Market Capitalisation of 254.37 million has total of 38,776K Shares Outstanding. Its annual sales at the moment are 137,420 K in contrast with the sum of -38,530 K annual income. Company’s last quarter sales were recorded 35,160 K and last quarter income was -10,630 K.
