Quanterix Corporation’s filing revealed that its CFO and Treasurer DOYLE MICHAEL A acquired Company’s shares for reported $0.15 million on Aug 15. In the deal valued at $10.16 per share,15,000 shares were bought. As a result of this transaction, DOYLE MICHAEL A now holds 48,614 shares worth roughly $ 0.47 million.
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Then, Toloue Masoud bought 105,000 shares, generating $1,095,150 in total proceeds. Upon buying the shares at $10.43, the President & CEO now owns 185,823 shares.
Before that, DOYLE MICHAEL A bought 15,000 shares. Quanterix Corporation shares valued at $156,502 were divested by the CFO and Treasurer at a price of $10.43 per share. As a result of the transaction, DOYLE MICHAEL A now holds 33,614 shares, worth roughly $0.32 million.
Canaccord Genuity downgraded its Quanterix Corporation [QTRX] rating to a Hold from a a Buy in a research note published on Monday, August 15, 2022; the price target was decreased to $12 from $40. PT values the company’s stock at a premium of 19.58 to its Monday closing price. A number of analysts have revised their coverage, including SVB Leerink’s analysts, who decreased its forecast for the stock in early August from “an Outperform” to “a Mkt perform”. Cowen also remained covering QTRX and has decreased its forecast on August 09, 2022 with a “Market perform” recommendation from previously “an Outperform” rating. Goldman revised its rating on March 02, 2022. It rated QTRX as “a Neutral” which previously was an “a Sell”.
Price Performance Review of QTRX
On Monday, Quanterix Corporation [NASDAQ:QTRX] saw its stock fall -3.60% to $9.65. On the same session, the stock had its day’s lowest price of $9.56, but rose to a high of $10.20. Over the last five days, the stock has lost -12.83%. Quanterix Corporation shares have fallen nearly -77.24% since the year began. Nevertheless, the stocks have fallen -83.20% over the past one year. While a 52-week high of $60.92 was reached on 01/03/22, a 52-week low of $6.31 was recorded on 08/09/22. SMA at 50 days reached $9.72, while 200 days put it at $18.85. A total of 0.58 million shares were traded, compared to the trading of 0.35 million shares in the previous session.
Levels Of Support And Resistance For QTRX Stock
The 24-hour chart illustrates a support level at 9.41, which if violated will result in even more drops to 9.16. On the upside, there is a resistance level at 10.05. A further resistance level may holdings at 10.44. The Relative Strength Index (RSI) on the 14-day chart is 46.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.00%. Stochastics %K at 54.83% indicates the stock is a holding.
How much short interest is there in Quanterix Corporation?
A steep rise in short interest was recorded in Quanterix Corporation stocks on Jul 14, 2022, dropping by -0.33 million shares to a total of 1.02 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 1.35 million shares. There was a decline of -32.35%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.97% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.65.
Quanterix Corporation [QTRX] – Who Are The Largest Shareholders?
In filings from Camber Capital Management LP, it is revealed that the company now owns 3,000,000 shares, or roughly 8.11% of the outstanding QTRX shares. In other words, the investor’s shares have risen by 1,858,300 from its previous 13-F filing of 1141700.0. Additionally, Fidelity Management & Research Co increased 109.62% of its stake after which the total value it holdings stand at $27,392,976, while BlackRock Fund Advisors added 9.77% of its stake to hold $25.1 million in the firm. Over the last quarter, Macquarie Investment Management B sold -833,778 shares of Quanterix Corporation, while RTW Investments LP sold 570,603 shares. At present, The Vanguard Group, Inc. is holding 1,706,590 shares valued at $18.81 million. Gilder, Gagnon, Howe & Co. LLC owned 1,605,927 shares of the company at the time of its most recent 13F filing, worth $17.7 million.
According to FactSet, Quanterix Corporation’s share price will average $14.25 in the next year, based on opinions of analysts polled by the firm. This is up nearly 34.87 percent from its previous closing price of $10.01. Analysts expect Quanterix Corporation stock to reach the higher price of $18.00, while the lowest price estimate is $12.00. However, 4 analysts have rated QTRX stock as a Hold in their predictions for 2022.