NASDAQ:QTRXQuanterix Stock Price, Forecast & News

$24.05

-0.61 (-2.47 %)

(As of 05/25/2020 03:29 PM ET)

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Today's Range

$23.87

Now: $24.05▼

$25.31

50-Day Range

$19.21

MA: $24.10▼

$28.53

52-Week Range

$10.90

Now: $24.05▼

$36.15

Volume94,415 shs

Average Volume179,387 shs

Market Capitalization$680.86 million

P/E RatioN/A

Dividend YieldN/A

Beta1.8

Quanterix Corporation, a life sciences company, develops and markets ultra-sensitive digital immunoassay platform that advances precision health for life sciences research and diagnostics in North America, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Simoa HD-1 instrument, a sensitive automated multiplex protein detection platform; and SR-X instrument that enables researchers to apply Simoa detection technology in various applications, including direct detection of nucleic acids. It also develops SP-X instrument that is based on Simoa planar array technology for the measurement of multiplex chemiluminescent immunoassays. The company's products include kits, such as beads, capture and detector reagents, enzyme reagents, and enzyme substrates to run tests; and consumables, such as proprietary Simoa disks, cuvettes, and disposable tips. In addition, it offers contract research services, including sample testing, homebrew assay development, and custom development services. The company primarily operates in the areas of neurology, oncology, cardiology, infectious diseases, and inflammation. It sell 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 sales force, 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 Lexington, Massachusetts.

Beat the Market (BTM) Rank^™

3.5 Analyst's Opinion

Consensus Rating
Quanterix has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $33.50, Quanterix has a potential upside of 39.3% from its current price of $24.05.
Amount of Analyst Coverage
Quanterix has only been the subject of 1 research reports in the past 90 days.

2.2 Community Rank

Outperform Votes
Quanterix has received 234 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Quanterix has received 286 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Quanterix has received 55.00% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Quanterix and other stocks. Vote “Outperform” if you believe QTRX will outperform the S&P 500 over the long term. Vote “Underperform” if you believe QTRX will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Quanterix does not currently pay a dividend.
Dividend Growth
Quanterix does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Quanterix insiders have sold 89.33% more of their company's stock than they have bought. Specifically, they have bought $900,706.00 in company stock and sold $1,705,294.00 in company stock.
Percentage Held by Insiders
Only 25.40% of the stock of Quanterix is held by insiders.
Percentage Held by Institutions
69.28% of the stock of Quanterix is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Quanterix are expected to grow in the coming year, from ($1.67) to ($1.09) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Quanterix is -14.94, 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 -14.94, 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 5.24. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.47 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Analytical instruments

Sub-IndustryN/A

SectorMedical

Current SymbolNASDAQ:QTRX

Previous Symbol

CUSIPN/A

CIK1503274

Webwww.quanterix.com

Phone617-301-9400

Debt

Debt-to-Equity Ratio0.06

Current Ratio6.80

Quick Ratio6.17

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$56.73 million

Price / Sales12.00

Cash FlowN/A

Price / Cash FlowN/A

Book Value$4.59 per share

Price / Book5.24

Profitability

EPS (Most Recent Fiscal Year)($1.63)

Net Income$-40,800,000.00

Net Margins-70.51%

Return on Equity-36.97%

Return on Assets-27.12%

Miscellaneous

Employees177

Outstanding Shares28,310,000

Market Cap$680.86 million

Next Earnings Date8/4/2020 (Estimated)

OptionableNot Optionable

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Quanterix (NASDAQ:QTRX) Frequently Asked Questions

How has Quanterix's stock been impacted by COVID-19 (Coronavirus)?

Quanterix's stock was trading at $18.51 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, QTRX stock has increased by 29.9% and is now trading at $24.05. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Quanterix?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Quanterix in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Quanterix.

When is Quanterix's next earnings date?

Quanterix is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Quanterix.

How were Quanterix's earnings last quarter?

Quanterix Corp (NASDAQ:QTRX) announced its earnings results on Friday, March, 13th. The company reported ($0.39) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.40) by $0.01. The company earned $15.92 million during the quarter, compared to analysts' expectations of $15.21 million. Quanterix had a negative net margin of 70.51% and a negative return on equity of 36.97%. View Quanterix's earnings history.

What price target have analysts set for QTRX?

2 analysts have issued 12 month price objectives for Quanterix's shares. Their forecasts range from $32.00 to $35.00. On average, they anticipate Quanterix's stock price to reach $33.50 in the next year. This suggests a possible upside of 39.3% from the stock's current price. View analysts' price targets for Quanterix.

Has Quanterix been receiving favorable news coverage?

Headlines about QTRX stock have been trending somewhat positive on Monday, InfoTrie reports. The research group scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Quanterix earned a media sentiment score of 1.5 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutQuanterix.

Are investors shorting Quanterix?

Quanterix saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 1,360,000 shares, an increase of 7.9% from the March 31st total of 1,260,000 shares. Based on an average daily trading volume, of 156,000 shares, the short-interest ratio is presently 8.7 days. Approximately 7.0% of the company's stock are short sold. View Quanterix's Current Options Chain.

Who are some of Quanterix's key competitors?

Some companies that are related to Quanterix include Horiba (HRIBF), Pacific Biosciences of California (PACB), Accelerate Diagnostics (AXDX), Fluidigm (FLDM), Eyepoint Pharmaceuticals (EYPT), Harvard Bioscience (HBIO), HTG Molecular Diagnostics (HTGM), BioNano Genomics (BNGO), Arrayit (ARYC), Aethlon Medical (AEMD), Scientific Industries (SCND), Precipio (PRPO), Pressure Biosciences (PBIO) and PositiveID (PSID). View all competitors.

What other stocks do shareholders of Quanterix own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Quanterix investors own include Editas Medicine (EDIT), Akoustis Technologies (AKTS), Spero Therapeutics (SPRO), Cloudera (CLDR), Crispr Therapeutics (CRSP), Walt Disney (DIS), InVitae (NVTA), Intellia Therapeutics (NTLA), Veracyte (VCYT) and Allena Pharmaceuticals (ALNA).

Who are Quanterix's key executives?

Quanterix's management team includes the following people:

Mr. E. Kevin Hrusovsky, Chairman, Pres & CEO (Age 58)
Dr. David R. Walt, Co-Founder, Chairman of Scientific Advisory Board & Director (Age 66)
Dr. David C. Duffy Ph.D., Sr. VP of R&D and CTO (Age 48)
Mr. Amol Chaubal, Chief Financial Officer (Age 43)
Mr. Bruce J. Bal, VP of Operations, Service & Quality (Age 60)

When did Quanterix IPO?

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

What is Quanterix's stock symbol?

Quanterix trades on the NASDAQ under the ticker symbol "QTRX."

Who are Quanterix's major shareholders?

Quanterix's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (4.37%), Ashford Capital Management Inc. (2.30%), Frontier Capital Management Co. LLC (1.87%), Portolan Capital Management LLC (1.22%), Silvercrest Asset Management Group LLC (0.97%) and Kornitzer Capital Management Inc. KS (0.95%). Company insiders that own Quanterix stock include David C Duffy, David R Walt, Dawn Mattoon, E Kevin Hrusovsky, Ernest Orticerio, John M Connolly, Joseph Driscoll, Marijn E Dekkers, Mark T Roskey and Martin D Madaus. View institutional ownership trends for Quanterix.

Which major investors are selling Quanterix stock?

QTRX stock was sold by a variety of institutional investors in the last quarter, including WINTON GROUP Ltd, Carnegie Capital Asset Management LLC, Portolan Capital Management LLC, Squarepoint Ops LLC, Wells Fargo & Company MN, Advisory Research Inc., UBS Group AG, and Morgan Stanley. Company insiders that have sold Quanterix company stock in the last year include David C Duffy, Dawn Mattoon, E Kevin Hrusovsky, Marijn E Dekkers, Mark T Roskey, and Martin D Madaus. View insider buying and selling activity for Quanterix.

Which major investors are buying Quanterix stock?

QTRX stock was acquired by a variety of institutional investors in the last quarter, including Frontier Capital Management Co. LLC, Nuveen Asset Management LLC, Granahan Investment Management Inc. MA, Kornitzer Capital Management Inc. KS, Invesco Ltd., Bank of New York Mellon Corp, Silvercrest Asset Management Group LLC, and Ashford Capital Management Inc.. Company insiders that have bought Quanterix stock in the last two years include David R Walt, and John M Connolly. View insider buying and selling activity for Quanterix.

How do I buy shares of Quanterix?

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

What is Quanterix's stock price today?

One share of QTRX stock can currently be purchased for approximately $24.05.

How big of a company is Quanterix?

Quanterix has a market capitalization of $680.86 million and generates $56.73 million in revenue each year. The company earns $-40,800,000.00 in net income (profit) each year or ($1.63) on an earnings per share basis. Quanterix employs 177 workers across the globe.

What is Quanterix's official website?

The official website for Quanterix is www.quanterix.com.

How can I contact Quanterix?

Quanterix's mailing address is 900 MIDDLESEX TURNPIKE, BILLERICA MA, 01821. The company can be reached via phone at 617-301-9400.

This page was last updated on 5/25/2020 by MarketBeat.com Staff