NASDAQ:QTRX - Quanterix Stock Price, News, & Analysis

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$22.93 +1.02 (+4.66 %)
(As of 04/24/2019 04:37 AM ET)
Previous Close$21.91
Today's Range$21.81 - $23.38
52-Week Range$13.00 - $26.48
Volume65,883 shs
Average Volume76,707 shs
Market Capitalization$515.03 million
P/E RatioN/A
Dividend YieldN/A
Beta1.49
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.

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Industry, Sector and Symbol

Industry Analytical instruments
Sub-IndustryN/A
SectorMedical
Current SymbolNASDAQ:QTRX
CUSIPN/A
Phone617-301-9400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$37.63 million
Book Value$1.85 per share

Profitability

Net Income$-31,540,000.00

Miscellaneous

Employees177
Market Cap$515.03 million
Next Earnings Date5/21/2019 (Estimated)
OptionableNot Optionable

Quanterix (NASDAQ:QTRX) Frequently Asked Questions

What is Quanterix's stock symbol?

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

How were Quanterix's earnings last quarter?

Quanterix Corp (NASDAQ:QTRX) announced its quarterly earnings results on Monday, March, 18th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by $0.17. The company had revenue of $10.88 million for the quarter, compared to analysts' expectations of $9.69 million. Quanterix had a negative net margin of 83.80% and a negative return on equity of 62.68%. View Quanterix's Earnings History.

When is Quanterix's next earnings date?

Quanterix is scheduled to release their next quarterly earnings announcement on Tuesday, May 21st 2019. View Earnings Estimates for Quanterix.

What price target have analysts set for QTRX?

2 brokers have issued 1 year target prices for Quanterix's shares. Their predictions range from $26.00 to $29.00. On average, they anticipate Quanterix's share price to reach $27.50 in the next year. This suggests a possible upside of 19.9% from the stock's current price. View Analyst Price Targets for Quanterix.

What is the consensus analysts' recommendation for 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.

What are Wall Street analysts saying about Quanterix stock?

Here are some recent quotes from research analysts about Quanterix stock:
  • 1. Canaccord Genuity analysts commented, "We continue to believe investors should own QTRX as it targets growth across four phases: (1) expansion within life sciences research, and likely expansion to (2) companion diagnostics; (3) point-of-care in vitro diagnostics, and, longer term, (4) precision health and wellness screening. We reiterate our BUY rating and raise our PT to $29 (from $27). Q4 beat. Q4 revs of $10.9M (+65% Y/Y) beat our $8.7M (+32%)/ Street’s $9.2M, helped by a robust quarter of HD-1 and SR-X instrument placements (all sold as capital). Product revs of $7.5M (+83% Y/Y) beat our $5.5M, while service revs of $3.4M (+52% Y/Y) beat our $3.2M. QTRX beat us on consumables (+67% Y/Y beat our +63%), instruments (+106% Y/Y crushed our -4%), and services (+58% beat our +28%). Y/Y) beat our 46%E." (3/8/2019)
  • 2. According to Zacks Investment Research, "Quanterix Corporation is a developer of tools in high definition diagnostics. The Company focuses on research and diagnostics for brain injuries, heart disease, cancer and other diseases with its technology. It offers Simoa consumables, which include Simoa Discs, Simoa Cuvettes, Simoa Sealing Oil, Simoa Buffers and Disposable Tips. The company services include Simoa Accelerator Lab and custom assay development services. Quanterix Corporation is based in LEXINGTON, United States. " (1/25/2019)

Has Quanterix been receiving favorable news coverage?

News stories about QTRX stock have been trending somewhat positive this week, according to InfoTrie. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Quanterix earned a media sentiment score of 1.6 on InfoTrie's scale. They also gave media stories about the company a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future.

Who are some of Quanterix's key 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 Allena Pharmaceuticals (ALNA), Cara Therapeutics (CARA), Micron Technology (MU), ADT (ADT), AcelRx Pharmaceuticals (ACRX), Advanced Micro Devices (AMD), Ardelyx (ARDX), Axovant Sciences (AXON), AXT (AXTI) and Fate Therapeutics (FATE).

Who are Quanterix's key executives?

Quanterix's management team includes the folowing people:
  • Mr. E. Kevin Hrusovsky, Chairman, Pres & CEO (Age 58)
  • Dr. David R. Walt, Co-Founder, Chairman of Scientific Advisory Board & Director (Age 66)
  • Mr. Joseph S. Driscoll, Chief Financial Officer (Age 54)
  • Dr. David C. Duffy Ph.D., Sr. VP of R&D and CTO (Age 48)
  • 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 $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.

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, Scottrade, Fidelity and Charles Schwab.

What is Quanterix's stock price today?

One share of QTRX stock can currently be purchased for approximately $22.93.

How big of a company is Quanterix?

Quanterix has a market capitalization of $515.03 million and generates $37.63 million in revenue each year. The company earns $-31,540,000.00 in net income (profit) each year or ($1.43) 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 http://www.quanterix.com.

How can I contact Quanterix?

Quanterix's mailing address is 113 HARTWELL AVENUE, LEXINGTON MA, 02421. The company can be reached via phone at 617-301-9400.


MarketBeat Community Rating for Quanterix (NASDAQ QTRX)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  165 (Vote Outperform)
Underperform Votes:  183 (Vote Underperform)
Total Votes:  348
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.
This page was last updated on 4/24/2019 by MarketBeat.com Staff

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