Quanterix Corp (QTRX): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

Stocks Info

This NASDAQ-listed company operates within the Medical Devices industry segment, falling under the Healthcare sector. The current market capitalization of Quanterix Corp is $288.16M. A total of 0.67 million shares were traded on the day, compared to an average of 650.44K shares.

In the most recent transaction, WALT DAVID R bought 47,000 shares of QTRX for 13.29 per share on Aug 20 ’24. After the transaction, the Director now owns 1,487,342 company shares. In a previous transaction on Aug 13 ’24, Toloue Masoud bought 19,000 shares at 10.90 per share. QTRX shares that President & CEO owns now total 354,119.

Among the insiders who sold shares, OLSON LAURIE J disposed of 1,500 shares on May 14 ’24 at a per-share price of $16.98. This resulted in the Director holding 13,738 shares of QTRX after the transaction. In another insider transaction, OLSON LAURIE J sold 1,000 shares at $23.50 per share on Apr 01 ’24. Company shares held by the Director now total 15,238.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, QTRX has a high of $29.70 and a low of $7.41.

As of this writing, QTRX has an earnings estimate of $0 per share for the current quarter.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. QTRX’s latest balance sheet shows that the firm has $396.46M in Cash & Short Term Investments as of fiscal 2021. There were $21.89M in debt and $36.98M in liabilities at the time. Its Book Value Per Share was $8.81, while its Total Shareholder’s Equity was $440.95M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for QTRX is Buy with a score of 4.60.

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