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S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
Best Bear Market Funds: Top 3 Investment Options to Consider
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
Best Bear Market Funds: Top 3 Investment Options to Consider
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
Best Bear Market Funds: Top 3 Investment Options to Consider
NASDAQ:QTRX

Quanterix (QTRX) Stock Price, News & Analysis

$22.93
+1.03 (+4.70%)
(As of 03/27/2024 ET)
Today's Range
$21.54
$23.19
50-Day Range
$21.90
$28.28
52-Week Range
$10.02
$29.70
Volume
438,008 shs
Average Volume
378,874 shs
Market Capitalization
$872.72 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$32.00

Quanterix MarketRank™ Stock Analysis

Analyst Rating
Buy
3.17 Rating Score
Upside/​Downside
39.6% Upside
$32.00 Price Target
Short Interest
Healthy
3.57% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.96mentions of Quanterix in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$36,525 Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($1.04) to ($1.17) 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.

2.62 out of 5 stars

Medical Sector

467th out of 939 stocks

Analytical Instruments Industry

11th 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

Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
QTRX Apr 2024 22.500 call
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
QTRX Apr 2024 27.500 put
CryoPort Q4 2023 Earnings Preview
Quanterix price target raised by $2 at Scotiabank, here's why
Earnings Preview: Quanterix
See More Headlines
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Company Calendar

Last Earnings
2/29/2024
Today
3/28/2024
Next Earnings (Estimated)
5/14/2024
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
$32.00
High Stock Price Target
$34.00
Low Stock Price Target
$30.00
Potential Upside/Downside
+39.6%
Consensus Rating
Buy
Rating Score (0-4)
3.17
Research Coverage
6 Analysts

Profitability

Net Income
$-32,330,000.00
Pretax Margin
-25.84%

Debt

Sales & Book Value

Annual Sales
$122.37 million
Book Value
$9.17 per share

Miscellaneous

Free Float
35,476,000
Market Cap
$872.72 million
Optionable
Optionable
Beta
1.31
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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 brokerages have issued 12 month price targets for Quanterix's shares. Their QTRX share price targets range from $30.00 to $34.00. On average, they predict the company's stock price to reach $32.00 in the next twelve months. This suggests a possible upside of 39.6% 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 stock has decreased by 16.1% and is now trading at $22.93.
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 Tuesday, May 14th 2024.
View our QTRX earnings forecast
.

How were Quanterix's earnings last quarter?

Quanterix Co. (NASDAQ:QTRX) released its quarterly earnings results on Thursday, February, 29th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.28) by $0.05. The firm earned $31.55 million during the quarter, compared to analysts' expectations of $27.92 million. Quanterix had a negative trailing twelve-month return on equity of 9.15% and a negative net margin of 26.42%.

What ETFs hold Quanterix's stock?

ETFs with the largest weight of Quanterix (NASDAQ:QTRX) stock in their portfolio include Simplify Health Care ETF (PINK) and Invesco Dorsey Wright Healthcare Momentum ETF (PTH).Invesco Nasdaq Future Gen 200 ETF (QQQS).

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

Quanterix updated its FY 2024 earnings guidance on Thursday, February, 29th. 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 $138.2 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 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.

Who are Quanterix's major shareholders?

Quanterix's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (5.43%), Vanguard Group Inc. (5.40%), Gilder Gagnon Howe & Co. LLC (3.18%), Dimensional Fund Advisors LP (2.57%), Ashford Capital Management Inc. (2.20%) and Granahan Investment Management LLC (1.76%). Insiders that own company stock include Amol Chaubal, 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 3/28/2024 by MarketBeat.com Staff

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