How have the shares performed?
Quanterix Corporation (QTRX) saw an uptrend of 5.68% in the recent trading with $51.33 being its most recent. The current price level -44.55% lower than the highest price of $92.57 marked by the stock while trading over the past 52-weeks, whereas it is 111.93% higher than the lowest price of $24.22 the company dropped to over past 52-weeks. The latest news story on QTRX appeared in Business Wire under the title “Quanterix Appoints Masoud Toloue as President of Quanterix and Diagnostics” on May-11-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -24.26% below one month high and is +22.93% above of the lowest during that time. Looking into the simple moving average, Quanterix Corporation (QTRX)’s stock stands at a SMA-50 of $56.40 while that of 5-day is reading $48.77.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and QTRX’s SMA-200 as of now is $51.71.
Quanterix Corporation Earnings – What Happened With QTRX
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Quanterix Corporation (QTRX) last released financial results for the quarter that ended 3/30/2021, posting a surprise factor of 12.10% for net revenue. During the reported three-month period, company’s sales were $27.21 billion while analysts on average were estimating the same to be $24.06 million.
QTRX – Quanterix Corporation Stock Earnings Estimates
The perspective of Quanterix Corporation (NASDAQ:QTRX)’s current quarter earnings identifies that analysts are in consensus over the estimate of -0.33 for stock’s EPS in the current quarter. 5 analysts covering the stock at Wall Street were agreed upon that EPS consensus. Company’s EPS for the last quarter was -0.29.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 34.44 million. QTRX does have institutional investors; and they hold 88.00% of the stock.
Quanterix Corporation – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 6 new insider purchases involving 6,884 shares. On the other hand, QTRX declared 138,442 shares have been sold in 132 insider transactions over the past three months.
As on Dec 30, 2020, Gilder, Gagnon, Howe & Co. was the top most holder in Quanterix Corporation (NASDAQ:QTRX) with an ownership of 3.08 million shares of the company or 8.46% of the stake worth $143.0 million. The filing also reveals Blackrock Inc. as the second largest holder in the company with a control over 4.80% of the outstanding shares. Its stake is worth $81.05 million for having 1.74 million shares in hand.
Frontier Capital Management Company LLC also came holding a key position in the company during the recent quarter and it now holds 4.13% of the outstanding shares. With this there are now 230 institutions which have possession in QTRX’s shares.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Quanterix Corporation was 5.52 while posting a debt to equity ratio of 0.02. The count was 10.62 for long-term debt to equity ratio.
Quanterix Corporation’s return on equity, or ROE, is -12.00%, compared to the industry average of -0.14% for Healthcare – Medical Devices. Although this indicates that QTRX fails to use its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of Quanterix Corporation (NASDAQ:QTRX) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Quanterix Corporation (QTRX), we notice that the stock’s 20-day average volume is at 379,645 shares and 50% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 50% are spotting the stock at Sell with its 50-day average volume of 346,460 shares. And to end, QTRX’s 100-day average volume is 412,239 shares with 50% of the long-term indicators pointing towards Sell for the stock.