Quanterix Corp’s recent filing unveils that its Director WALT DAVID R acquired Company’s shares for reported $0.62 million on Aug 20 ’24. In the deal valued at $13.29 per share,47,000 shares were bought. As a result of this transaction, WALT DAVID R now holds 1,487,342 shares worth roughly $17.02 million.
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Then, Toloue Masoud bought 19,000 shares, generating $207,100 in total proceeds. Upon buying the shares at $10.90, the President & CEO now owns 354,119 shares.
Before that, OLSON LAURIE J sold 1,500 shares. Quanterix Corp shares valued at $25,470 were divested by the Director at a price of $16.98 per share. As a result of the transaction, OLSON LAURIE J now holds 13,738 shares, worth roughly $0.16 million.
Scotiabank initiated its Quanterix Corp [QTRX] rating to a Sector outperform in a research note published on February 01, 2024; the price target was $30. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who increased its forecast for the stock in late September from “a Hold” to “a Buy”. SVB Securities also remained covering QTRX and has increased its forecast on August 08, 2023 with a “an Outperform” recommendation from previously “Market perform” rating. Goldman revised its rating on May 23, 2023. It rated QTRX as “a Buy” which previously was an “a Neutral”.
Price Performance Review of QTRX
On Friday, Quanterix Corp [NASDAQ:QTRX] saw its stock fall -4.03% to $11.44. Over the last five days, the stock has lost -24.24%. Quanterix Corp shares have fallen nearly -58.16% since the year began. Nevertheless, the stocks have fallen -48.63% over the past one year. While a 52-week high of $29.70 was reached on 03/08/24, a 52-week low of $10.50 was recorded on 08/09/24. SMA at 50 days reached $12.95, while 200 days put it at $16.64.
Levels Of Support And Resistance For QTRX Stock
The 24-hour chart illustrates a support level at 11.11, which if violated will result in even more drops to 10.79. On the upside, there is a resistance level at 11.87. A further resistance level may holdings at 12.31. The Relative Strength Index (RSI) on the 14-day chart is 35.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.06%. Stochastics %K at 7.86% indicates the stock is a buying.
How much short interest is there in Quanterix Corp?
A steep rise in short interest was recorded in Quanterix Corp stocks on 2024-10-31, dropping by -0.43 million shares to a total of 1.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.42 million shares. There was a decline of -21.76%, which implies that there is a negative sentiment for the stock.
