Quanterix Corp (NASDAQ:QTRX) shares, rose in value on Friday, June 20, with the stock price down by -4.08% to the previous day’s close as strong demand from buyers drove the stock to $6.12.
Actively observing the price movement in the last trading, the stock closed the session at $6.38. Referring to stock’s 52-week performance, its high was $16.74, and the low was $4.05. On the whole, QTRX has fluctuated by 22.65% over the past month.
With the market capitalization of Quanterix Corp currently standing at about $237.79 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-12.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that QTRX’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of QTRX currently trading nearly 8.68% and 12.64% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.96, while the 7-day volatility ratio is showing 3.43% which for the 30-day chart, stands at 6.98%. Furthermore, Quanterix Corp (QTRX)’s beta value is 1.05, and its average true range (ATR) is 0.52.
A comparison of Quanterix Corp (QTRX) with its peers suggests the former has fared considerably weaker in the market. QTRX showed an intraday change of -4.08% in last session, and over the past year, it shrunk by -56.44%%.
Data on historical trading for Quanterix Corp (NASDAQ:QTRX) indicates that the trading volumes over the past 3 months, they’ve averaged 762.64K. According to company’s latest data on outstanding shares, there are 38.80 million shares outstanding.
Nearly 15.61% of Quanterix Corp’s shares belong to company insiders and institutional investors own 93.76% of the company’s shares. The stock has fallen by -42.43% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the QTRX stock heading into the next quarter.
