Quanterix Corp (QTRX) is expecting -36.58% growth in the next quarter: What can investors do to maximize their returns?

On Tuesday, Quanterix Corp (NASDAQ: QTRX) opened higher 4.67% from the last session, before settling in for the closing price of $5.78. Price fluctuations for QTRX have ranged from $4.67 to $19.17 over the past 52 weeks.

Healthcare Sector giant saw their annual sales surged by 20.79% over the last five years. Company’s average yearly earnings per share was noted -29.67% at the time writing. With a float of $33.17 million, this company’s outstanding shares have now reached $38.57 million.

The firm has a total of 471 workers. Let’s measure their productivity. 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 Activity

A key investor’s attitude towards the stock of the Medical Devices industry is another important factor to consider. The insider ownership of Quanterix Corp is 14.49%, while institutional ownership is 89.78%. 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 -29.67% 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

Check out the current performance indicators for Quanterix Corp (QTRX). In the past quarter, the stock posted a quick ratio of 7.88. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.71.

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 -1.02 in one year’s time.

Technical Analysis of Quanterix Corp (QTRX)

Analysing the last 5-days average volume posted by the [Quanterix Corp, QTRX], we can find that recorded value of 0.73 million was lower than the volume posted last year of 0.81 million. As of the previous 9 days, the stock’s Stochastic %D was 82.12%. Additionally, its Average True Range was 0.51.

During the past 100 days, Quanterix Corp’s (QTRX) raw stochastic average was set at 16.56%, which indicates a significant decrease from 77.97% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 109.74% in the past 14 days, which was higher than the 81.33% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $6.62, while its 200-day Moving Average is $10.71. Now, the first resistance to watch is $6.39. This is followed by the second major resistance level at $6.73. The third major resistance level sits at $7.02. If the price goes on to break the first support level at $5.76, it is likely to go to the next support level at $5.47. Should the price break the second support level, the third support level stands at $5.13.

Quanterix Corp (NASDAQ: QTRX) Key Stats

There are currently 38,789K shares outstanding in the company with a market cap of 234.67 million. Presently, the company’s annual sales total 137,420 K according to its annual income of -38,530 K. Last quarter, the company’s sales amounted to 35,160 K and its income totaled -10,630 K.