NASDAQ:QTRX

Quanterix (QTRX) Stock Price, News & Analysis

$16.86
+0.18 (+1.08%)
(As of 05/13/2024 ET)
Today's Range
$16.84
$17.51
50-Day Range
$15.56
$28.28
52-Week Range
$14.26
$29.70
Volume
309,104 shs
Average Volume
365,135 shs
Market Capitalization
$645.23 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$30.60

Quanterix MarketRank™ Stock Analysis

Analyst Rating
Buy
3.17 Rating Score
Upside/​Downside
81.5% Upside
$30.60 Price Target
Short Interest
Healthy
3.84% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.85mentions of Quanterix in the last 14 days
Based on 21 Articles This Week
Insider Trading
Selling Shares
$60,025 Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($0.86) to ($0.89) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.59 out of 5 stars

Medical Sector

475th out of 925 stocks

Analytical Instruments Industry

13th out of 28 stocks

QTRX stock logo

About Quanterix Stock (NASDAQ:QTRX)

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.

QTRX Stock Price History

QTRX Stock News Headlines

Scotiabank Reaffirms Their Buy Rating on Quanterix (QTRX)
Quanterix (QTRX) Set to Announce Earnings on Tuesday
QTRX Apr 2024 22.500 call
QTRX Apr 2024 27.500 put
CryoPort Q4 2023 Earnings Preview
Quanterix price target raised by $2 at Scotiabank, here's why
See More Headlines
Receive QTRX Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Quanterix and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
2/29/2024
Today
5/13/2024
Next Earnings (Estimated)
8/05/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Analytical instruments
Sub-Industry
N/A
Current Symbol
NASDAQ:QTRX
Fax
N/A
Employees
441
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$30.60
High Stock Price Target
$34.00
Low Stock Price Target
$25.00
Potential Upside/Downside
+81.5%
Consensus Rating
Buy
Rating Score (0-4)
3.17
Research Coverage
6 Analysts

Profitability

Net Income
$-32,330,000.00
Pretax Margin
-28.15%

Debt

Sales & Book Value

Annual Sales
$122.37 million
Book Value
$9.17 per share

Miscellaneous

Free Float
35,629,000
Market Cap
$645.23 million
Optionable
Optionable
Beta
1.41
7 Stocks to Buy And Hold Forever Cover

Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.

Get This Free Report

Key Executives

  • Dr. Masoud Toloue Ph.D. (Age 43)
    President, CEO & Director
    Comp: $957.03k
  • Dr. David R. Walt Ph.D. (Age 71)
    Co-Founder, Chairman of Scientific Advisory Board & Independent Director
    Comp: $47.25k
  • Dr. Mark T. Roskey Ph.D. (Age 64)
    Senior Vice President of Strategic Partnerships
    Comp: $495.03k
  • Mr. Michael A. Doyle (Age 68)
    Executive Director of Finance
    Comp: $570.14k
  • Ms. Vandana Sriram CPA (Age 50)
    Chief Financial Officer
  • Mr. Daniel Pikora (Age 48)
    Chief Operating Officer
  • Dr. David C. Duffy Ph.D. (Age 53)
    Senior VP of Research & Development and CTO
    Comp: $299.05k
  • Ms. Alexandra Phillips
    Senior VP & Chief Information Officer
  • Ms. Laurie A. Churchill (Age 53)
    Senior VP, General Counsel & Secretary
  • David Panzerella
    Vice President of Sales

QTRX Stock Analysis - Frequently Asked Questions

Should I buy or sell Quanterix stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Quanterix in the last twelve months. There are currently 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" QTRX shares.
View QTRX analyst ratings
or view top-rated stocks.

What is Quanterix's stock price target for 2024?

6 Wall Street analysts have issued 1 year price targets for Quanterix's shares. Their QTRX share price targets range from $25.00 to $34.00. On average, they anticipate the company's stock price to reach $30.60 in the next year. This suggests a possible upside of 81.5% from the stock's current price.
View analysts price targets for QTRX
or view top-rated stocks among Wall Street analysts.

How have QTRX shares performed in 2024?

Quanterix's stock was trading at $27.34 at the beginning of the year. Since then, QTRX shares have decreased by 38.3% and is now trading at $16.86.
View the best growth stocks for 2024 here
.

When is Quanterix's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 5th 2024.
View our QTRX earnings forecast
.

How were Quanterix's earnings last quarter?

Quanterix Co. (NASDAQ:QTRX) announced its quarterly earnings data on Thursday, February, 29th. The company reported ($0.33) earnings per share for the quarter, missing analysts' consensus estimates of ($0.28) by $0.05. The company had revenue of $31.55 million for the quarter, compared to analyst estimates of $27.92 million. Quanterix had a negative net margin of 28.82% and a negative trailing twelve-month return on equity of 10.39%.

What ETF holds Quanterix's stock?

First Trust Nasdaq Lux Digital Health Solutions ETF holds 443 shares of QTRX stock, representing 0.31% of its portfolio.

What guidance has Quanterix issued on next quarter's earnings?

Quanterix issued an update on its FY 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $139.0 million-$144.0 million, compared to the consensus revenue estimate of $141.7 million.

What is Kevin Hrusovsky's approval rating as Quanterix's CEO?

15 employees have rated Quanterix Chief Executive Officer Kevin Hrusovsky on Glassdoor.com. Kevin Hrusovsky has an approval rating of 70% among the company's employees.

What other stocks do shareholders of Quanterix own?
When did Quanterix IPO?

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.

Who are Quanterix's major shareholders?

Quanterix's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (5.41%), Lord Abbett & CO. LLC (4.59%), Baillie Gifford & Co. (1.63%), RWA Wealth Partners LLC (0.77%), Picton Mahoney Asset Management (0.23%) and Easterly Investment Partners LLC (0.21%). Insiders that own company stock include David C Duffy, David C Duffy, David R Walt, Dawn Mattoon, E Kevin Hrusovsky, John J Fry, John J Fry, Laurie J Olson, Marijn E Dekkers, Mark T Roskey, Mark T Roskey, Masoud Toloue, Michael A Doyle and William P Donnelly.
View institutional ownership trends
.

How do I buy shares of Quanterix?

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.

This page (NASDAQ:QTRX) was last updated on 5/13/2024 by MarketBeat.com Staff

From Our Partners