Scotiabank raised the price target for the Quanterix Corp (NASDAQ:QTRX) stock to “a Sector outperform”. The rating was released on February 01, 2024, according to finviz. We previously noted in another research note published on September 25, 2023 by Canaccord Genuity that upgraded the stock from a Hold to a Buy with a price target of $32 for QTRX stock. The research report from SVB Securities has upgraded the stock from Market Perform to Outperform, with a price target set at $30. The stock was upgraded by Goldman, who disclosed in a research note on May 23, 2023, from Neutral to Buy and set the price objective to $27. In their research brief published August 15, 2022, Canaccord Genuity analysts downgraded the Quanterix Corp stock from Buy to Hold with a price target of $12.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated -19.56% within the last five trades and -34.99% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -16.18% in the last 6 months and -25.14% was subtracted to its value over the previous 3 months. QTRX stock is trading at a margin of -24.81%, -29.64% and -29.05% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, QTRX deals in the Healthcare domain. The stock is trading -42.26 percent below its 52-week high and 50.57 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -10.86. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Quanterix Corp’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at -41.56 percent and the profit margin is -26.42 percent, and the company has reported a gross margin of 54.70 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $652.73 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 5.33 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.88, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 9.52 percent of Quanterix Corp shares are owned by insiders, and 83.56 percent are held by financial institutions. OLSON LAURIE J, the Director at Quanterix Corp (QTRX) has sold 1,000 shares of firm on Apr 01 ’24 at a price of $23.50 against the total amount of $23500.0. In another inside trade, OLSON LAURIE J, Director of Quanterix Corp (NASDAQ:QTRX) sold 1,500 shares of the firm on Feb 14 ’24 for a total worth of $36525.0 at a price of $24.35. An inside trade which took place on Jan 02 ’24, Director of Quanterix Corp OLSON LAURIE J sold 1,000 shares of firm against total price of $26910.0 at the cost of $26.91 per share.
