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NASDAQ:QTRX

Quanterix (QTRX) Stock Price, News & Analysis

Quanterix logo
$11.75 +0.73 (+6.62%)
(As of 11/21/2024 ET)

About Quanterix Stock (NASDAQ:QTRX)

Key Stats

Today's Range
$10.82
$11.80
50-Day Range
$11.02
$15.49
52-Week Range
$10.50
$29.70
Volume
333,719 shs
Average Volume
403,790 shs
Market Capitalization
$450.97 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$23.25
Consensus Rating
Moderate Buy

Company Overview

Quanterix Corporation, a life sciences company, engages in development and marketing of digital immunoassay platforms that advances precision health for life sciences research and diagnostics in North America, Europe, the Middle East, Africa, and the Asia Pacific regions. The company offers HD-X instrument, a protein detection platform; and SR-X instrument that enables researchers to apply Simoa detection in an expanded range of applications. It also provides SP-X instrument that is based on Simoa planar array technology for the measurement of multiplex chemiluminescent immunoassays. The company's products include assays include all components required to run enzyme-based immunoassay, such as beads, capture and detector reagents, and enzyme reagents and substrate; and replacement parts, reagents, and antibodies. In addition, it offers contract research services, including sample testing, homebrew assay development, custom assay development, lucent diagnostic, and LDT testing services. The company primarily operates in the areas of neurology, oncology, cardiology, infectious diseases, and inflammation. It sells its products for the life science research sector primarily to laboratories associated with academic and governmental research institutions, as well as pharmaceutical, biotechnology, and contract research companies through a direct field sale, support organizations, and distributors or sales agents. The company was formerly known as Digital Genomics, Inc. and changed its name to Quanterix Corporation in August 2007. Quanterix Corporation was incorporated in 2007 and is headquartered in Billerica, Massachusetts.

Quanterix Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
48th Percentile Overall Score

QTRX MarketRank™: 

Quanterix scored higher than 48% of companies evaluated by MarketBeat, and ranked 604th out of 952 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Quanterix has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    Quanterix has only been the subject of 1 research reports in the past 90 days.

  • Read more about Quanterix's stock forecast and price target.
  • Earnings Growth

    Earnings for Quanterix are expected to grow in the coming year, from ($0.88) to ($0.87) per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Quanterix is -11.19, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Quanterix is -11.19, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Quanterix has a P/B Ratio of 1.28. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    5.56% of the float of Quanterix has been sold short.
  • Short Interest Ratio / Days to Cover

    Quanterix has a short interest ratio ("days to cover") of 5.
  • Change versus previous month

    Short interest in Quanterix has recently decreased by 19.43%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Quanterix does not currently pay a dividend.

  • Dividend Growth

    Quanterix does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    5.56% of the float of Quanterix has been sold short.
  • Short Interest Ratio / Days to Cover

    Quanterix has a short interest ratio ("days to cover") of 5.
  • Change versus previous month

    Short interest in Quanterix has recently decreased by 19.43%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Quanterix has a news sentiment score of 0.21. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.47 average news sentiment score of Medical companies.
  • News Coverage This Week

    MarketBeat has tracked 11 news articles for Quanterix this week, compared to 3 articles on an average week.
  • Search Interest

    Only 1 people have searched for QTRX on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Quanterix insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 6.90% of the stock of Quanterix is held by insiders.

  • Percentage Held by Institutions

    86.48% of the stock of Quanterix is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Quanterix's insider trading history.
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QTRX Stock News Headlines

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Quanterix: Strong Q3 Performance and Growth Prospects Justify Buy Rating
See More Headlines

QTRX Stock Analysis - Frequently Asked Questions

Quanterix's stock was trading at $27.34 at the beginning of 2024. Since then, QTRX stock has decreased by 57.0% and is now trading at $11.75.
View the best growth stocks for 2024 here
.

Quanterix Co. (NASDAQ:QTRX) issued its quarterly earnings data on Thursday, August, 8th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.23) by $0.02. The company had revenue of $34.38 million for the quarter, compared to analysts' expectations of $34.19 million. Quanterix had a negative net margin of 30.71% and a negative trailing twelve-month return on equity of 11.52%.

Quanterix (QTRX) raised $50 million in an initial public offering on Thursday, December 7th 2017. The company issued 3,300,000 shares at $14.00-$16.00 per share. J.P. Morga and Leerink Partners served as the underwriters for the IPO and BTIG and Evercore ISI were co-managers.

Quanterix's top institutional investors include Portolan Capital Management LLC (6.57%), Easterly Investment Partners LLC (2.28%), Geode Capital Management LLC (2.24%) and State Street Corp (2.18%). Insiders that own company stock include David R Walt, E Kevin Hrusovsky, Masoud Toloue, Michael A Doyle, John J Fry, Dawn Mattoon, William P Donnelly, Mark T Roskey and David C Duffy.
View institutional ownership trends
.

Shares of QTRX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Quanterix investors own include Humana (HUM), American Water Works (AWK), Voyager Therapeutics (VYGR), Waste Connections (WCN), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

Last Earnings
8/08/2024
Today
11/21/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Analytical instruments
Sub-Industry
Measuring And Control Equipment
Current Symbol
NASDAQ:QTRX
Fax
N/A
Employees
460
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$23.25
High Stock Price Target
$28.00
Low Stock Price Target
$16.00
Potential Upside/Downside
+101.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$-32,330,000.00
Pretax Margin
-30.21%

Debt

Sales & Book Value

Annual Sales
$122.37 million
Book Value
$9.17 per share

Miscellaneous

Free Float
35,731,000
Market Cap
$442.14 million
Optionable
Optionable
Beta
1.36
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This page (NASDAQ:QTRX) was last updated on 11/21/2024 by MarketBeat.com Staff
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