For the readers interested in the stock health of Quanterix Corporation (QTRX). It is currently valued at $46.75. When the transactions were called off in the previous session, Stock hit the highs of $49.599, after setting-off with the price of $46.00. Company’s stock value dipped to $45.59 during the trading on the day. When the trading was stopped its value was $41.27.Recently in News on October 11, 2021, Quanterix Granted Breakthrough Device Designation from U.S. FDA for Blood-Based pTau-181 Assay for Alzheimer’s Disease. Quanterix Corporation (NASDAQ: QTRX), a company digitizing biomarker analysis with the goal of advancing the science of precision health, announced today that its Simoa® phospho-Tau 181 (pTau-181) blood test has been granted Breakthrough Device designation by the U.S. Food and Drug Administration (FDA) as an aid in diagnostic evaluation of Alzheimer’s Disease (AD). The FDA’s Breakthrough Device designation is granted to products that have the potential to offer more effective diagnosis of life-threatening diseases with an unmet medical need. The program is designed to enable accelerated development, assessment and review processes, with the intention to provide patients with more timely access to breakthrough technologies or devices. You can read further details here
Quanterix Corporation had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $92.57 on 02/19/21, with the lowest value was $41.05 for the same time period, recorded on 10/11/21.
Quanterix Corporation (QTRX) full year performance was 4.00%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Quanterix Corporation shares are logging -49.50% during the 52-week period from high price, and 29.29% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $36.16 and $92.57.
The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 1695105 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Quanterix Corporation (QTRX) recorded performance in the market was 0.54%, having the revenues showcasing -12.31% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 1.89B, as it employees total of 314 workers.
The Analysts eye on Quanterix Corporation (QTRX)
During the last month, 4 analysts gave the Quanterix Corporation a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 1 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 53.24, with a change in the price was noted -1.11. In a similar fashion, Quanterix Corporation posted a movement of -2.32% for the period of last 100 days, recording 302,232 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for QTRX is recording 0.02 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Technical rundown of Quanterix Corporation (QTRX)
Raw Stochastic average of Quanterix Corporation in the period of last 50 days is set at 35.43%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 44.53%. In the last 20 days, the company’s Stochastic %K was 16.25% and its Stochastic %D was recorded 13.23%.
Considering, the past performance of Quanterix Corporation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 0.54%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -24.52%, alongside a boost of 4.00% for the period of the last 12 months. The shares increased approximately by -1.56% in the 7-day charts and went down by 1.17% in the period of the last 30 days. Common stock shares were lifted by -12.31% during last recorded quarter.